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The Theory and Practice of Exchange Control in Germany

A Study of Monopolistic Exploitation in International Markets

  • Book
  • © 1958

Overview

Authors:
  1. Frank C. Child

    1. Michigan State University, USA

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Part of the book series: International Scholars Forum (ISFO, volume 10)

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Table of contents (10 chapters)

  1. Front Matter

    Pages I-X
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  2. Introduction

    • Frank C. Child
    Pages 1-3

  3. Conditions Leading to the Adoption of Exchange Control

    • Frank C. Child
    Pages 4-14

  4. In Defense of the Mark

    • Frank C. Child
    Pages 15-29

  5. Early Special Exchange Procedures

    • Frank C. Child
    Pages 30-52

  6. The Theory of Monopolistic Terms of Trade

    • Frank C. Child
    Pages 53-85

  7. Over-Valuation and Equilibrium

    • Frank C. Child
    Pages 86-100

  8. Exchange Control in Transition

    • Frank C. Child
    Pages 101-132

  9. The New Plan

    • Frank C. Child
    Pages 133-149

  10. Trading under the New Plan

    • Frank C. Child
    Pages 150-207

  11. The Gains from Restricted Trade

    • Frank C. Child
    Pages 208-230

  12. Back Matter

    Pages 231-241
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Keywords

About this book

The Classical economist of the 19th century, with his faith in the ultimate efficiency and equity of free, impersonal markets, would certainly be amazed and dismayed by the developments in foreign exchange markets during the last thirty-five years. With the exception of the United States no important trading nation in the world of today maintains a freely convertible currency. On the contrary, each nation maintains a more or less comprehensive system of controls over the receipts and payments which can be effected in international markets. Recent efforts to reduce the extent and rigor of exchange regu­ lation, notably in Western Europe, have yielded modest results; it seems unlikely, however, that foreign exchange transactions will ever again be completely free of controL Foreign exchange control, with a greater or lesser degree of bilateralism, is a product born largely of necessity. Two world wars and a major world-wide depression so distorted the pattern of world trade and investment that free markets were simply unable to achieve their "normal" automatic adjustment. Ex­ change control, on the other hand, has demonstrated its efficiency as a means of maintaining a semblance of order in disorganized international markets. Unfortunately, however, exchange con­ trol also has great possibilities for further distortion of the pat­ tern of world trade, for discrimination, and for economic ex­ ploitation - for economic effects generally considered undesirable.

Authors and Affiliations

  • Michigan State University, USA

    Frank C. Child

Bibliographic Information

  • Book Title: The Theory and Practice of Exchange Control in Germany

  • Book Subtitle: A Study of Monopolistic Exploitation in International Markets

  • Authors: Frank C. Child

  • Series Title: International Scholars Forum

  • DOI: https://doi.org/10.1007/978-94-015-5301-8

  • Publisher: Springer Dordrecht

  • eBook Packages: Springer Book Archive

  • Copyright Information: Springer Science+Business Media Dordrecht 1958

  • Softcover ISBN: 978-94-015-5298-1Published: 01 January 1958

  • eBook ISBN: 978-94-015-5301-8Published: 13 March 2013

  • Edition Number: 1

  • Number of Pages: X, 241

  • Number of Illustrations: 1 b/w illustrations

  • Topics: International Economics, History of Economic Thought/Methodology, European Integration

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