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Bond Repatriation, Export Subsidies and Clearing Agreements

In: Money and Trade Wars in Interwar Europe

Author

Listed:
  • Alessandro Roselli

    (Cass Business School)

Abstract

The disappearance of the Concert of Nations in the aftermath of the First World War was accompanied by the abandonment of the old common monetary standard based on gold and by increasing economic fragmentation. The panoply of foreign economic and financial agreements which characterized the interwar years, and were mostly signed on a bilateral basis or by very small groups of countries, reflected the polarization of foreign policies through pacts, protocols, understandings and ententes, sometimes with bombastic names;1 they were mutually exclusive and established bonds among their signatories that were as strong as they were potentially inimical to any outsider: This was the result of a petty, mean-spirited approach to international cooperation.

Suggested Citation

  • Alessandro Roselli, 2014. "Bond Repatriation, Export Subsidies and Clearing Agreements," Palgrave Macmillan Books, in: Money and Trade Wars in Interwar Europe, chapter 5, pages 105-137, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-32700-0_5
    DOI: 10.1057/9781137327000_5
    as

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