Debt and Entanglements Between the Wars

Abstract

World War I created a set of forces that affected the political arrangements and economies of all the countries involved. This period in global economic history between World War I and II offers rich material for studying international monetary and sovereign debt policies. Debt and Entanglements between the Wars focuses on the experiences of the United States, United Kingdom, four countries in the British Commonwealth (Australia, New Zealand, Canada, Newfoundland), France, Italy, Germany, and Japan, offering unique insights into how political and economic interests influenced alliances, defaults, and the unwinding of debts. The narratives presented show how the absence of effective international collaboration and resolution mechanisms inflicted damage on the global economy, with disastrous consequences.

Author:
Mr. Thomas J Sargent
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Mr. George Hall https://isni.org/isni/0000000404811396 International Monetary Fund

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Mr. Martin Ellison https://isni.org/isni/0000000404811396 International Monetary Fund

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Mr. Andrew Scott https://isni.org/isni/0000000404811396 International Monetary Fund

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Mr. Harold James
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Ms. Era Dabla-Norris
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Mark De Broeck https://isni.org/isni/0000000404811396 International Monetary Fund

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Mr. Nicolas End
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Ms. Marina Marinkov
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Vitor Gaspar
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