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This chapter explores how the economic and political difficulties of the interwar period and the immediate postwar era forced politicians, economists, and institutions to rethink the European economic and monetary system. Triffin was a key figure in that dynamic and quick to spot the fundamental...
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(1919), Keynes analyzes the challenges posed by debt overhangs in the aftermath of World War I and the deflationary strategy … shaped Keynes's three major monetary works. A Tract on Monetary Reform (1923) concerns the price-level instability …
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