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

(author)
£45.50
Paperback 280 Pages / Published: 01/11/2007
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This book describes how four U.S. administrations struggled with the legacy of Bretton Woods.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.

Publisher: The University of North Carolina Press
ISBN: 9780807859001
Number of pages: 280
Weight: 476 g
Dimensions: 235 x 156 x 20 mm
Edition: New edition


MEDIA REVIEWS
Gavinas book represents a sophisticated effort to integrate international economic events, political science theories, and diplomatic history. It rests on extensive research in American and European archival sources and documents. It offers rich detail on competing bureaucratic interests in four presidential administrations. And, it responds to scholars who believe the Bretton Woods system was an instrument of a post-World War II American empire.
--"The Journal of American History"
Gavin_s book represents a sophisticated effort to integrate international economic events, political science theories, and diplomatic history. It rests on extensive research in American and European archival sources and documents. It offers rich detail on competing bureaucratic interests in four presidential administrations. And, it responds to scholars who believe the Bretton Woods system was an instrument of a post-World War II American empire.
-"The Journal of American History"
"Policymakers and academics can learn important lessons from "Gold, Dollars, and Power"about the possibilities and limits of international monetary diplomacy in a global economy."
-- "International Journal"
Gavin's book represents a sophisticated effort to integrate international economic events, political science theories, and diplomatic history. It rests on extensive research in American and European archival sources and documents. It offers rich detail on competing bureaucratic interests in four presidential administrations. And, it responds to scholars who believe the Bretton Woods system was an instrument of a post-World War II American empire.
--"The Journal of American History"

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