The international debt problem in the interwar period

Authors

  • M. DE CECCO

DOI:

https://doi.org/10.13133/2037-3643/10795

Keywords:

International financial markets, international debt, inter-war period

Abstract

Considerable attention has recently been paid to the current problem of third world debt and its implications for the international banking system. A review of similar events at previous times in the past shows that operators in international financial markets have very short memories, since most of the aspects of the current crisis have occurred in the past. This is borne out by considering the international debt problem between the first and second world wars. The major difference between then and now is that the interwar period was a time of transition from a sterling-dominated trading system to one dominated by the US dollar. Many of today's problems stem from this continuing dollar domination.

 

JEL: N24

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Published

2013-10-17

How to Cite

DE CECCO, M. (2013). The international debt problem in the interwar period. PSL Quarterly Review, 38(152). https://doi.org/10.13133/2037-3643/10795

Issue

Vol. 38 No. 152 (1985)

Section

Editorial

License

 
 
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