Gold, Dollars, and Power: The Politics of International Monetary Relations, 1958-1971 (New Cold War History) - Hardcover

Gavin, Francis J.

Hardcover

ISBN 10: 0807828238 ISBN 13: 9780807828236

Publisher: The University of North Carolina Press, 2004

Synopsis

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.

About this title

About the Author

Francis J. Gavin is Giovanni Agnelli Distinguished Professor and Director of the Henry A. Kissinger Center for Global Affairs at SAIS-Johns Hopkins University. 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.

Edition details

• Publisher: The University of North Carolina Press
• Publication date: 2004
• Language: English
• ISBN 10: 0807828238
• ISBN 13: 9780807828236
• Binding: Hardcover
• Edition number: 1
• Number of pages: 280