International monetary relations between the United States, France, and West Germany in the 1970s

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dc.contributor.advisor Brands , H . W . , Jr . en_US
dc.contributor.committeeMember Mintz , Alex en_US
dc.creator Rae , Michelle Frasher en_US 2004 -09 -30T01 :40 :55Z 2014 -02 -18T22 :28 :06Z 2004 -09 -30T01 :40 :55Z 2014 -02 -18T22 :28 :06Z 2003 -08 en_US 2004 -09 -30T01 :40 :55Z
dc.identifier.uri http : / /hdl .handle .net /1969 .1 /48
dc.description.abstract The United States acted unilaterally to terminate the Bretton Woods monetary system in August 1971 , and international exchange rate management went from a regime of fixed to floating parities , much to the displeasure of the membership of the European Community . The Nixon , Ford , and Carter administrations adopted policies that heavily benefited U .S . reform objectives and domestic economic goals , which frequently clashed with allied concerns , and damaged American monetary relations with France and West Germany . Yet , the inability of France and the Federal Republic of Germany to form cohesive economic and monetary policies throughout international negotiations or within the European Community (EC ) , allowed American desires to dictate the path and pace of European integration . France and Germany attempted , with limited success , to influence U .S . monetary policy through bilateral diplomacy during years of exchange rate fluctuations , dollar devaluations , oil shocks , and payments deficits . Finally , President Valery Giscard d'Estaing and Chancellor Helmut Schmidt created the European Monetary System (EMS ) in 1979 , reversing the trend of half -hearted attempts at European integration so relevant the decade before . The EMS detached the EC's currencies from the dollar's control , was compatible with the reformed international monetary system , advanced a more independent European monetary identity , and formed the base for future monetary integration . As a result , the EMS , as the birthplace of the Euro , the single European currency launched in 2002 , may soon rival the dollar's position as the primary reserve currency . American monetary policies designed to improve the health of the dollar during the 1970s were a catalyst for European integration . However , as the European Union deepens its economic integration and the Euro grows in strength , it seems that U .S . policies created a regime and a currency that will challenge its dominant position in international monetary affairs . en_US
dc.format.extent 2590199 bytes
dc.format.medium electronic en_US
dc.format.mimetype application /pdf
dc.language.iso en _US en_US
dc.publisher Texas A &M University en_US
dc.subject monetary en_US
dc.title International monetary relations between the United States , France , and West Germany in the 1970s en_US
dc.type Book en
dc.type.genre Electronic Dissertation en_US
dc.type.material text en_US
dc.format.digitalOrigin born digital en_US


International monetary relations between the United States, France, and West Germany in the 1970s. Available electronically from http : / /hdl .handle .net /1969 .1 /48 .

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