International Financial History in the Twentieth Century or Trade Warriors

International Financial History in the Twentieth Century: System and Anarchy

Author: Marc Flandreau

The essays in this book examine the long history of the international financial system in terms of the current debate about globalization and its limits. In the nineteenth century, international markets existed without international institutions. In the interwar years, attempts (largely unsuccessful) at designing a genuine international trade and monetary system were made at the same time (coincidentally) that the system collapsed. In the post-1945 era, the intended design effort was infinitely more successful. The development of large international capital markets since the 1960s, however, increasingly frustrated attempts at international control.

Table of Contents:

	Contributors
	Preface
	Introduction	1
1	Caveat Emptor: Coping with Sovereign Risk Under the International Gold Standard, 1871-1913	17
2	Conduits for Long-Term Foreign Investment in the Gold Standard Era	51
3	The Gold-Exchange Standard: A Reinterpretation	77
4	The Bank of France and the Gold Standard, 1914-1928	95
5	Keyne's Road to Bretton Woods: An Essay in Interpretation	125
6	Bretton Woods and the European Neutrals, 1944-1973	153
7	The 1948 Monetary Reform in Western Germany	169
8	The Burden of Power: Military Aspects of International Financial Relations During the Long 1950s	197
9	Denationalizing Money? Economic Liberalism and the "National Question" in Currency Affairs	213
10	International Financial Institutions and National Economic Governance: Aspects of the New Adjustment Agenda in Historical Perspective	239
	Index	265

Book about: Dont Try This at Home or Classic French Cooking

Trade Warriors: States, Firms, and Strategic-Trade Policy in High-Technology Competition

Author: Marc L Busch

In such areas as civil aircraft, semiconductors, high definition television, robotics, and superconductors, states are subsidizing their national champions and competing for market share in the "industries of tomorrow." This book explains why states intervene and (or) retaliate in some high technology industries, but not in others, and how these commercial rivalries are likely to unfold. Dr. Busch argues that states subsidize national champions in industries promising externalities for domestic industries, spend more on subsidies where these benefits do not escape national borders, and are more likely to bring these commercial rivalries back from the brink of a trade war where these subsidies leave both states worse off.