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A service for banking industry professionals · Wednesday, November 13, 2019 · 502,001,390 Articles · 3+ Million Readers

Debt and Entanglements Between the Wars

Author/Editor:

Harold James ; Era Dabla-Norris ; Mark De Broeck ; Nicolas End ; Marina Marinkov ; Vitor Gaspar

Publication Date:

November 8, 2019

Electronic Access:

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Summary:

World War I created a set of forces that affected the political arrangements and economies of all the countries involved. This period in global economic history between World War I and II offers rich material for studying international monetary and sovereign debt policies. Debt and Entanglements between the Wars focuses on the experiences of the United States, United Kingdom, four countries in the British Commonwealth (Australia, New Zealand, Canada, Newfoundland), France, Italy, Germany, and Japan, offering unique insights into how political and economic interests influenced alliances, defaults, and the unwinding of debts. The narratives presented show how the absence of effective international collaboration and resolution mechanisms inflicted damage on the global economy, with disastrous consequences.

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