Gold, Dollars, and Power :The Politics of International Monetary Relations, 1958-1971 - The New Cold War History
Gold, Dollars, and Power :The Politics of International Monetary Relations, 1958-1971 - The New Cold War History
paperback
Published:
1 November, 2007
paperback
Published:
1 November, 2007
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Description
This book describes how four U.S. administrations struggled with the legacy of Bretton Woods.How are we to understand the politics of international monetary relations since the end of World War II? Exploiting recently declassified documents from both the United States and Europe and employing economic analysis and international relations theory, Francis Gavin offers a compelling reassessment of the Bretton Woods system of fixed exchange rates and dollar-gold convertibility.Gavin demonstrates that, contrary to the conventional wisdom, Bretton Woods was a highly politicized system that was prone to crisis and required constant intervention and controls to continue functioning. More important, postwar monetary relations were not a salve to political tensions, as is often contended. In fact, the politicization of the global payments system allowed nations to use monetary coercion to achieve political and security ends, causing deep conflicts within the Western Alliance. For the first time, Gavin reveals how these rifts dramatically affected U.S. political and military strategy during a dangerous period of the Cold War.
More Details
| Type | Book |
|---|---|
| ISBN13 | 9780807859001 |
| ISBN10 | 0807859001 |
| Number Of Pages | 280 |
| Item Weight | 484 g |
| Product Dimensions | 152 x 238 x 20 mm |
| Publisher / Reseller | The University of North Carolina Press |
| Format | paperback |
| Edition | New edition |
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Author's Bio
FRANCIS J. GAVIN is assistant professor in the Lyndon B. Johnson School of Public Affairs at the University of Texas at Austin. He is editor of The New York Times Twentieth Century in Review: The Cold War and coeditor of The Presidential Recordings: John F. Kennedy: The Great Crises, volumes 1-2.