E.P.U. problems
In the present article Dr. Guido Carli, chairman of the European Payments Union Managing Board, summarises the core of his observations on the union’s problems in the following conclusions: (a) within the present E.P.U. Agreement, a combination of credit and debit positions may arise which would exh...
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| Format: | Article |
| Language: | English |
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Associazione Economia civile
2014-09-01
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| Series: | PSL Quarterly Review |
| Subjects: | |
| Online Access: | https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/12705 |
| _version_ | 1828042302006755328 |
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| author | G. CARLI |
| author_facet | G. CARLI |
| author_sort | G. CARLI |
| collection | DOAJ |
| description | In the present article Dr. Guido Carli, chairman of the European Payments Union Managing Board, summarises the core of his observations on the union’s problems in the following conclusions: (a) within the present E.P.U. Agreement, a combination of credit and debit positions may arise which would exhaust the dollar assets and therefore terminate the working of the institution; (b) the situation could be redressed by decreasing quotas, by altering the dollar-credit ratio within the quotas, by contributing an additional supply of dollars. This fresh contribution is liable to come either from participating countries or from U.S.A.; but as all participating countries are running a dollar deficit a contribution of theirs would increase this deficit; (c) whatever device under (b) be accepted, it would be insufficient to restore normal working conditions in E.P.U. if participating countries did not pursue economic and monetary policies calculated to bring about equilibrium of their balances of payments.
JEL: F15, F33, F36
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| first_indexed | 2024-04-10T17:28:16Z |
| format | Article |
| id | doaj.art-8e89304f7887426da43d4cd0dc39234d |
| institution | Directory Open Access Journal |
| issn | 2037-3635 2037-3643 |
| language | English |
| last_indexed | 2024-04-10T17:28:16Z |
| publishDate | 2014-09-01 |
| publisher | Associazione Economia civile |
| record_format | Article |
| series | PSL Quarterly Review |
| spelling | doaj.art-8e89304f7887426da43d4cd0dc39234d2023-02-03T16:50:44ZengAssociazione Economia civilePSL Quarterly Review2037-36352037-36432014-09-0141910.13133/2037-3643/12705E.P.U. problemsG. CARLIIn the present article Dr. Guido Carli, chairman of the European Payments Union Managing Board, summarises the core of his observations on the union’s problems in the following conclusions: (a) within the present E.P.U. Agreement, a combination of credit and debit positions may arise which would exhaust the dollar assets and therefore terminate the working of the institution; (b) the situation could be redressed by decreasing quotas, by altering the dollar-credit ratio within the quotas, by contributing an additional supply of dollars. This fresh contribution is liable to come either from participating countries or from U.S.A.; but as all participating countries are running a dollar deficit a contribution of theirs would increase this deficit; (c) whatever device under (b) be accepted, it would be insufficient to restore normal working conditions in E.P.U. if participating countries did not pursue economic and monetary policies calculated to bring about equilibrium of their balances of payments. JEL: F15, F33, F36 https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/12705European Payments Unioneconomic integrationinternational cooperationE.P.U.balance of payments |
| spellingShingle | G. CARLI E.P.U. problems PSL Quarterly Review European Payments Union economic integration international cooperation E.P.U. balance of payments |
| title | E.P.U. problems |
| title_full | E.P.U. problems |
| title_fullStr | E.P.U. problems |
| title_full_unstemmed | E.P.U. problems |
| title_short | E.P.U. problems |
| title_sort | e p u problems |
| topic | European Payments Union economic integration international cooperation E.P.U. balance of payments |
| url | https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/12705 |
| work_keys_str_mv | AT gcarli epuproblems |