Knowledge (XXG)

European Payments Union

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78:(OEEC) to create the EPU, all members signing the agreement on 1 July 1950. The EPU accounted for trades but did not transfer money until the end of the month. It changed the landscape from bilateral trades of necessity (trading with partners because of outstanding debts) to multilateral trades. The EPU also forced liberalization by mandating that members eliminate discriminatory trade measures. The EPU was a general success with trade levels more than doubling during its existence. By its close in 1958, convertibility of currency was a possibility, no longer needing government permissions in European countries. 185: 75: 180: 175: 138: 112: 35: 117: 28: 154: 107: 87: 66:), which Europe lacked. Therefore, the transfer of money (immediately after each transaction) increased the 190: 102: 92: 27:) was an organization in existence from July 1950 to December 1958, when it was replaced by the 134: 67: 63: 47: 195: 169: 97: 51: 59: 145:
Reconstructing Europe's Trade and Payments The European Payments Union
71: 55: 39: 43: 160:
European Payments Union: Financial Diplomacy in the 1950s
158:Kaplan, Jacob J., and Gunther Schleiminger. 1989. 186:Pan-European trade and professional organizations 76:Organisation for European Economic Co-operation 8: 58:'s at its 1891 level. Trade was based on 42:. Of all the non-neutral powers, only the 129:Baldwin, Richard and Charles Wyplosz. 70:of trading. Some trade was reduced to 50:had not decreased because of the war, 131:The Economics of European Integration 7: 147:. Manchester University Press, 1993. 153:. European University Institute. 14: 181:International trade organizations 54:'s GDP was at its 1908 level and 113:European System of Central Banks 133:. McGraw-Hill, London: 2004. 176:History of international trade 62:reserves (the only acceptable 1: 38:, economic depression struck 118:International Clearing Union 16:Former European organization 29:European Monetary Agreement 214: 162:. Oxford: Clarendon Press. 108:European Payments Council 88:European Unit of Account 74:. The situation led the 21:European Payments Union 143:Eichengreen, Barry. 103:Asian Clearing Union 93:Bretton Woods system 36:end of World War II 203: 68:opportunity cost 64:reserve currency 213: 212: 206: 205: 204: 202: 201: 200: 166: 165: 126: 84: 17: 12: 11: 5: 211: 210: 207: 199: 198: 193: 188: 183: 178: 168: 167: 164: 163: 156: 148: 141: 125: 122: 121: 120: 115: 110: 105: 100: 95: 90: 83: 80: 48:United Kingdom 15: 13: 10: 9: 6: 4: 3: 2: 209: 208: 197: 194: 192: 189: 187: 184: 182: 179: 177: 174: 173: 171: 161: 157: 155: 152: 149: 146: 142: 140: 139:0-07-710394-7 136: 132: 128: 127: 123: 119: 116: 114: 111: 109: 106: 104: 101: 99: 98:Marshall Plan 96: 94: 91: 89: 86: 85: 81: 79: 77: 73: 69: 65: 61: 57: 53: 49: 45: 41: 37: 32: 30: 26: 22: 159: 150: 144: 130: 52:West Germany 33: 24: 20: 18: 191:Trade blocs 170:Categories 124:References 60:US dollar 34:With the 82:See also 151:EPU/EMA 46:of the 137:  72:barter 56:France 40:Europe 196:Euro 135:ISBN 19:The 44:GDP 25:EPU 172:: 31:. 23:(

Index

European Monetary Agreement
end of World War II
Europe
GDP
United Kingdom
West Germany
France
US dollar
reserve currency
opportunity cost
barter
Organisation for European Economic Co-operation
European Unit of Account
Bretton Woods system
Marshall Plan
Asian Clearing Union
European Payments Council
European System of Central Banks
International Clearing Union
ISBN
0-07-710394-7

Categories
History of international trade
International trade organizations
Pan-European trade and professional organizations
Trade blocs
Euro

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