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International Monetary Affairs in the Inter War Years: Limits of Cooperation

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  • Manmohan Agarwal

Abstract

There were intensive efforts at monetary cooperation in the interwar years to overcome the imbalances accumulated during the war years to reduce the rate of inflation, reduce the rate of unemployment and achieve exchange rate stability. Countries successfully cooperated in helping the newly independent countries of Eastern and South Eastern Europe establish central banks, except in the case of Germany and Romania. They also reached agreement on German reparations after some serious differences. Cooperation was possible as long as the issues were technical and did not involve a shift in economic power.

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  • Manmohan Agarwal, 2019. "International Monetary Affairs in the Inter War Years: Limits of Cooperation," Working Papers id:12996, eSocialSciences.
    • Handle: RePEc:ess:wpaper:id:12996
    Note: Institutional Papers
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    References listed on IDEAS

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