#3396. The dual context of Keynes’ International Clearing Union: theoretical advances meet history
October 2026 | publication date |
Proposal available till | 23-05-2025 |
4 total number of authors per manuscript | 0 $ |
The title of the journal is available only for the authors who have already paid for |
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Journal’s subject area: |
Arts and Humanities (all);
History and Philosophy of Science;
Economics, Econometrics and Finance (miscellaneous); |
Places in the authors’ list:
1 place - free (for sale)
2 place - free (for sale)
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More details about the manuscript: Arts & Humanities Citation Index or/and Social Sciences Citation Index
Abstract:
This article questions the reflection that gave birth to Keynes’ proposals for an International Clearing Union in 1941. The Keynes Plan rests on the intertwining of two intellectual advances. The first was drawn from Keynes’ analysis of the international context inherited from the 1930s and the disruption of international payments. The clearing agreements first developed by Germany in 1931 were pioneering experiences in Europe that contributed to the generalisation of exchange controls and clearing offices. The second advance is related to the original Keynesian understanding of the “banking principle”, which Keynes wanted to transpose at the international level. Keynes revamped the clearing agreements in force in Europe during the 1930s to set out the International Clearing Union.
Keywords:
banking system; clearing; interwar period; Keynes plan
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