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There is no question that they functioned as financial clearing houses, but these were indirect functions of their dominant position in the internationalmonetarysystem.
After the war, a lively debate among politicians and economists started about the future of the internationalmonetarysystem.
These authors propose the problem of choices among macroeconomic policies as the very lynchpin with which to understand the history of the internationalmonetarysystem.
It was also part of the general crisis in the internationalmonetarysystem.
The negotiations over reform of the internationalmonetarysystem were prolonged and acrimonious.
This would prevent the drain from the reserves and, in their view, do the least damage to the internationalmonetarysystem.
It is customary to begin histories of the internationalmonetarysystem with the classical gold standard (1880-1914), as do all four of these books.
The suspension of the traditional regulation of the internationalmonetarysystem caused in-ationary effects, thus stimulating production and ending de-ation.
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