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This new payments union will be an improvement over the old intra-European payments plan in two important respects. The first is that it will permit trade to be conducted within Europe on a truly multilateral basis. The payments union will be, in effect,...

Foreign Aid Appropriations for 1951: Hearings Before the Subcommittee of the ... - Page 14
by United States. Congress. House. Committee on Appropriations - 1950 - 684 pages
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To Amend the Economic Cooperation Act of 1948, as Amended: Hearings Before ...

United States. Congress. House. Committee on Foreign Affairs - Economic assistance, American - 1950 - 680 pages

...payments union will be an improvement over the old intra-European payments plan in two important respects. The first is that it will permit trade to be conducted...central banks so that only a single payment from one to the other is necessary. In the payment union this clearinghouse operation will be carried a step...

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To Amend the Economic Cooperation Act of 1948, as Amended: Hearings... on H ...

United States. Congress. House. Foreign Affairs - 1950 - 680 pages

...in two important respects. The first is that it will permit trade to be conducted within Europe ou a truly multilateral basis. The payments union will...central banks so that only a single payment from one to the other is necessary. In the payment union this clearinghouse operation will be carried a step...

Full view - About this book