Money and Security

ISBN-13: 9780521782043 / Angielski / Twarda / 2002 / 292 str.

Hubert Zimmermann

Opis

This study links two fundamental political structures of the Cold War era, the transatlantic security system and the international monetary system. Central to this issue is a problem that soured relations among the Federal Republic and its major allies from the 1950s to the 1970s: Who was to bear the enormous cost of British and American troops in Germany? Both Washington and London identified this cost as a major reason for the decline of the pound and the dollar, whereas Germany reluctantly paid and traded "Money for Security," a fundamental pattern of its postwar foreign policy.

Recenzje

Review of the hardback: '… a fine study of a complex monetary issue … Zimmerman offers especially interesting insights into West German foreign economic policy-making …' The Journal of the German History Society

Spis treści

Introduction; 1. On whose shoulders? German rearmament and the Cold War burden; 2. The British 'new look' and Anglo-German relations; 3. Adenauer and 'perfidious Albion': troop reductions, support costs, and the integration of Europe, 1957–9; 4. The Radford plan: America and its troops in Germany, 1955–8; 5. The political economy of US troop stationing in Europe; 6. Offset and monetary policy during the Kennedy administration, 1961–2; 7. The bargain slowly unravels: offset, troop reductions, and the balance of payments, 1962–5; 8. The culmination of the burden-sharing conflict: Chancellor Ehrard's visit to Washington in September 1966; 9. The trilateral negotiations of 1966–7; Conclusion.