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The European Payments Union

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European Monetary Integration
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Abstract

The improving economic climate in Europe in 1949 removed the reluctance of most European countries to make further progress towards convertibility and trade liberalisation. Europe was not yet prepared for general convertibility, but there was a common desire finally to escape from bilateralism, from trade discrimination, and from trade and exchange restrictions,1 which were the main obstacles to the expansion of competitive intra-European trading.

En ce temps, Époque Lointaine, merveilleuse…

(Charles Callet, Contes anciens)

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© 1971 Peter Coffey and John R. Presley

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Coffey, P., Presley, J.R. (1971). The European Payments Union. In: European Monetary Integration. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-01258-9_2

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