Attempts to establish an international economic and financial order

where a key feature of the settlement which followed the Second World War, as policy makers sought to establish a framework which would prevent an economic crisis on the scale of the great depression. This volume explores this period, focusing on monetary issues.

Part 1 provides a general analysis of the scope for international monetary co-operation dealing in particular with:

• The Provision of additional means of international settlement
• The arrangement of settlements on a multilateral basis
• The orderly fixation of exchange rates
• The correction of international disequilibria
• The provision of safeguards against the international transmission of business depressions.

Part 2 deals with the actual machinery of international co-operation since the war and in particular with:

• The International Monetary Fund
• The European Payments Union
• The role of sterling

Part 3 surveys the actual course of events since 1945, illustrating the problems that have called for treatment by international co-operation, the extent to which such treatment has been attempted, and with what success.