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Золото, доллар, международная торговля и валютная интеграция во внешней политике США: от послевоенных лет через Бреттон-Вудское соглашение // Gold, Dollar, International Trade and Monetary Integration in Us Foreign Policy: from the Interwar Years Through the Height of Bretton Woods

Author

Listed:
  • S. Selva

    (State University of Milan)

  • С. Сельва

    (Университет ориенталистики Неаполя)

Abstract

This contribution aims at charting the topicality of gold in the shaping of US foreign financial and commercial relations from the Great Slump (Great Depression 1929-1939) through to the US balance of payments in the second half of the 1950s up to the eve of the international gold crisis of 1968. Through an analysis of the US foreign economic policy, the paper dissects this interrelation between US foreign trade and gold policy. Unlike the interwar years, the post-war decades from the 1950s to the 1960s were marked by a negative correlation between transnational gold movements, the US balance of payments deficit, the teetering of the US currency in international exchange markets, and international trade and monetary integration. Статья ставит своей целью характеристику роли золота в формировании американских внешних финансовых и торговых отношений, начиная с Большой Депрессии, через платежный баланс США во второй половине 1950-х гг., вплоть до международного кризиса золота в 1968 г. Посредством анализа внешнеэкономической политики США статья раскрывает взаимосвязь между внешней торговлей США и политикой в области золота. В отличие от предвоенных лет, послевоенные десятилетия с начала 1950-х до конца 1960-х гг. были отмечены отрицательной корреляционной связью между транснациональным движением золота, дефицитом платежного баланса США, колебаниями американской валюты на международных валютных рынках и международной торговлей и валютной интеграцией.

Suggested Citation

  • S. Selva & С. Сельва, 2017. "Золото, доллар, международная торговля и валютная интеграция во внешней политике США: от послевоенных лет через Бреттон-Вудское соглашение // Gold, Dollar, International Trade and Monetary Integration," Review of Business and Economics Studies // Review of Business and Economics Studies, Финансовый Университет // Financial University, vol. 5(2), pages 23-35.
    • Handle: RePEc:scn:00rbes:y:2017:i:2:p:23-35
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    1. Charles Calomiris & David Wheelock, 1998. "Was the Great Depression a Watershed for American Monetary Policy?," NBER Chapters, in: The Defining Moment: The Great Depression and the American Economy in the Twentieth Century, pages 23-65, National Bureau of Economic Research, Inc.
    2. Michael D. Bordo & Owen F. Humpage & Anna J. Schwartz, 2015. "Strained Relations: US Foreign-Exchange Operations and Monetary Policy in the Twentieth Century," NBER Books, National Bureau of Economic Research, Inc, number bord12-1.
    3. Michael D. Bordo & Claudia Goldin & Eugene N. White, 1998. "The Defining Moment: The Great Depression and the American Economy in the Twentieth Century," NBER Books, National Bureau of Economic Research, Inc, number bord98-1.
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