Details

Before the Neoliberal Turn

The Rise of Energy Finance and the Limits to US Foreign Economic Policy
Palgrave Studies in Economic History

von: Simone Selva
139,99 €
Verlag:	Palgrave Macmillan
Format:	PDF
Veröffentl.:	31.10.2017
ISBN/EAN:	9781137574435
Sprache:	englisch

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Beschreibungen

Titelbeschreibung

This book pinpoints continuities and changes in U.S. foreign economic policy from the fixed exchange rate system of the 1960s through to the period between the two oil crises of the 1970s. Chapters pay close attention to the interconnectedness between the long lasting decline of the U.S. Dollar on foreign exchange markets and the U.S. balance of payments, transformations in international capital markets, and international oil developments. The book charts the prolonged failure of Washington’s foreign economic policies to restore U.S. financial and monetary leadership through to the Carter Administration.

Inhaltsverzeichnis

<p>1. Introduction.- 2. American foreign financial and economic policy prior to the end of Bretton Woods: Capital account policies, foreign trade and development assistance policies.- 3. Oil, private capital markets, inflation:  the crumbling of the post war international payments system before the end of Bretton Woods.- 4. The rise of OPEC Energy finance and the quest for capital supply in the US foreign economic policy 1973-1976.- 5. From the collapse of policies on the capital account through the Carter Administration demand side policies: the short circuit between balance of payments deficit financing measures and petrodollar recycling.- 6. capital markets developments, non oil LDC imbalances, inflation, and the stabilization of US international payments position from the 1960s through the 1970s: continuities and change in the American foreign financial policy</p><p></p> <p> </p>

Autorenportrait

<p><b>Simone Selva </b>is currently Research Fellow in the history of international economic relations at the University of Naples L’Orientale and visiting scholar at New York University. A former scholar at Harvard and Oxford Universities, he specializes in the process of international financial and monetary interdependence from Bretton Woods through the 1970s. He is the author of <i>Supra-national integration and domestic economic growth: The United States and Italy in the Western Bloc Rearmament Programs, 1945-1955. </i></p>

Back cover copy

Sonderbeitrag

In depth discussion of U.S. foreign economic policy Charts the decline of the U.S. dollar on foreign exchange markets and its relation to US balance of payments Charts prolonged failure of Washington's foreign economic policies to restore U.S. financial and monetary leadership.

Verkaufsargumente

- In depth discussion of U.S. foreign economic policy<div>- Charts the decline of the U.S. dollar on foreign exchange markets and its relation to US balance of payments</div><div>- Charts prolonged failure of Washington's foreign economic policies to restore U.S. financial and monetary leadership. </div>

Unpublished endorsement

“Simone Selva’s book attempts to make sense of this transition between Bretton Woods and the liberalization of markets and exchange rates in the 1970s and 1980s before the “Neoliberal Turn”, by giving an account of US currency and the functioning of the international monetary system. Selva brings an interesting approach to the subject, specifically tracking the role of the dollar from the 1950s to the late 1970s and the research is well documented with archival material across Europe and the US. Selva’s contribution is a solid piece of serious scholarship that helps better understand the origins of the 1970s oil crisis, and how the US managed its balance of payments. This detailed analysis will benefit financial historians of the period as well as scholars interested in energy finance and modern American historians.” (Alain Naef, Department of Economics, University of Cambridge for EH.net (October 2018), UK)<p> </p>