Artikel

Kontroversen in der internationalen Waehrungspolitik. Retrospektive zu Keynes-White-Boughton und IMF

This paper provides textual evidence that Boughton's interpretation of Keynes's proposals for shaping the international monetary system of the post-war period misses the point. I want to investigate two points which contradict Boughton's interpretation published by the International Monetary Fund. Boughton states that White won the battle against Keynes because White was determined to create a multilateral system whereas Keynes favoured bilateral financial support to Britain by the U.S.A. I submit that Keynes's view on the function of the International Clearing Union (I.C.U.) was first of all to encourage both creditor and debtor countries to avoid trade imbalances. Second, as Keynes mentioned, the I.C.U. was not to be implemented as a "multiplicity of bilateral arrangements". Here we find the thrust of his view of the post-war period – avoiding bilateral arrangements because he believed that bilateralism could cause a new war.

Sprache
Deutsch

Erschienen in
Journal: Intervention. Zeitschrift fuer Ökonomie / Journal of Economics ; ISSN: 2195-3376 ; Volume: 02 ; Year: 2005 ; Issue: 1 ; Pages: 57-73

Klassifikation
Wirtschaft
Investment; Capital; Intangible Capital; Capacity
Aggregate Factor Income Distribution
General Aggregative Models: Keynes; Keynesian; Post-Keynesian
Current Account Adjustment; Short-term Capital Movements
International Monetary Arrangements and Institutions

Ereignis
Geistige Schöpfung
(wer)
Muchlinski, Elke
Ereignis
Veröffentlichung
(wer)
Metropolis-Verlag
(wo)
Marburg
(wann)
2005

DOI
doi:10.4337/ejeep.2005.01.08
Handle
Letzte Aktualisierung
10.03.2025, 11:43 MEZ

Datenpartner

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Objekttyp

  • Artikel

Beteiligte

  • Muchlinski, Elke
  • Metropolis-Verlag

Entstanden

  • 2005

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