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Deutschland im Weltwährungssystem von Bretton Woods

Carsten Burhop, Julian Becker and Max Bank
Geschichte und Gesellschaft
39. Jahrg., H. 2, Economic Disintegration in the 20th Century (April - Juni 2013), pp. 197-239
Stable URL: http://www.jstor.org/stable/23608501
Page Count: 43
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Abstract

This paper describes the evolution of the international monetary system set-up at the Bretton Woods Conference in 1944 until its breakdown in 1973. In particular, we focus on economic disequilibria inside the system and political constraints faced by actors. Germany is the key country in our story. On the one hand, it became an "economic superpower" during the late 1950s and 1960s, causing growing economic imbalances inside the system. On the other hand, it remained a "political dwarf' due to its past, unable to enforce a stabilizing currency policy in the international arena. Simultaneously, the government faced domestic constraints inhibiting a stabilizing, but inflationary policy in Germany.

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