As a response to the Great Depression in 1931 Germany adopted a policy of exchange control where the movement of foreign currency was subject to government control. This regime served as a defense measure against currency devaluation but it inhibbited international payments among exchange control countries.Trade between them was organized on the basis of bilateral clearing agreements, which centralized both foreign trade and payments at the state level. The book analyzes the clearing system in the case of Germany's relations with Bulgaria, which developed the highest trade dependence on Germany in the 1930s. An almost complete opposition of free trade, bilateral clearing is seen as a mechanism of political power maximization and resource allocation from the periphery to its core. Using Jonathan Kirshner's framework of monetary power the work offers a detailed analysis of the link between international monetary relations and political power. The shift of international trade regime from a Gold Standard and free trade to exchange control and bilateral clearing provided an opportunity for the German government to covertly finance its expenditure in the 1930's and during WWII.
As a response to the Great Depression in 1931 Germany adopted a policy of exchange control where the movement of foreign currency was subject to government control. This regime served as a defense measure against currency devaluation but it inhibbited international payments among exchange control countries.Trade between them was organized on the basis of bilateral clearing agreements, which centralized both foreign trade and payments at the state level. The book analyzes the clearing system in the case of Germany's relations with Bulgaria, which developed the highest trade dependence on Germany in the 1930s. An almost complete opposition of free trade, bilateral clearing is seen as a mechanism of political power maximization and resource allocation from the periphery to its core. Using Jonathan Kirshner's framework of monetary power the work offers a detailed analysis of the link between international monetary relations and political power. The shift of international trade regime from a Gold Standard and free trade to exchange control and bilateral clearing provided an opportunity for the German government to covertly finance its expenditure in the 1930's and during WWII.
Discover your next great read at BookLoop, Australiand online bookstore offering a vast selection of titles across various genres and interests. Whether you're curious about what's trending or searching for graphic novels that captivate, thrilling crime and mystery fiction, or exhilarating action and adventure stories, our curated collections have something for every reader. Delve into imaginative fantasy worlds or explore the realms of science fiction that challenge the boundaries of reality. Fans of contemporary narratives will find compelling stories in our contemporary fiction section. Embark on epic journeys with our fantasy and science fiction titles,
Shop Trending Books and New Releases
Explore our new releases for the most recent additions in romance books, fantasy books, graphic novels, crime and mystery books, science fiction books as well as biographies, cookbooks, self help books, tarot cards, fortunetelling and much more. With titles covering current trends, booktok and bookstagram recommendations, and emerging authors, BookLoop remains your go-to local australian bookstore for buying books online across all book genres.
Shop Best Books By Collection
Stay updated with the literary world by browsing our trending books, featuring the latest bestsellers and critically acclaimed works. Explore titles from popular brands like Minecraft, Pokemon, Star Wars, Bluey, Lonely Planet, ABIA award winners, Peppa Pig, and our specialised collection of ADHD books. At BookLoop, we are committed to providing a diverse and enriching reading experience for all.
Sign In
your cart
Your cart is empty
Menu
Search
PRE-SALES
If you have any questions before making a purchase chat with our online operators to get more information.
