European Payments Union

	European Payments Union The European Payments Union (EPU) was an organization in existence from July 1950 to December 1958, when it was replaced by the European Monetary Agreement. With the end of World War II, economic depression struck Europe. Of all the non-neutral powers, only the GDP of the United Kingdom had not decreased because of the war, West Germany's GDP was at its 1908 level and France's at its 1891 level. Trade was based on US dollar reserves (the only acceptable reserve currency), which Europe lacked. Therefore, the transfer of money (immediately after each transaction) increased the opportunity cost of trading. Some trade was reduced to barter. The situation led the Organisation for European Economic Co-operation (OEEC) to create the EPU, all members signing the agreement on 1 July 1950. The EPU accounted for trades but did not transfer money until the end of the month. It changed the landscape from bilateral trades of necessity (trading with partners because of outstanding debts) to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu]
picture info	European Monetary Agreement The European Monetary Agreement (EMA) was an economic arrangement signed by 17 European countries in Paris on the 5th of August 1955. It replaced the European Payments Union which ended in 1958. The EMA was administered by the Organisation for Economic Co-operation and Development (OECD). The OECD did this to achieve economic integration by coordinating the exchange rates of the 17 member countries. This allowed the countries to directly convert their currencies and integrate their balance of payments accounts, which promoted free trade. Due to advanced facilities offered by the International Monetary Fund, the EMA was ended in 1972. The European Economic Community oversaw the EMA aiming to achieve a greater level of economic integration within Europe. The European Economic Community was the legal successor at the time, however it has advanced and is now referred to as the European Union. History Prior to the European Monetary Agreement, the European Payments Union was the ag ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu]
picture info	Bretton Woods System The Bretton Woods system of monetary management established the rules for commercial and financial relations among the United States, Canada, Western European countries, Australia, and Japan after the 1944 Bretton Woods Agreement. The Bretton Woods system was the first example of a fully negotiated monetary order intended to govern monetary relations among independent states. The Bretton Woods system required countries to guarantee convertibility of their currencies into U.S. dollars to within 1% of fixed parity rates, with the dollar convertible to gold bullion for foreign governments and central banks at US$35 per troy ounce of fine gold (or 0.88867 gram fine gold per dollar). It also envisioned greater cooperation among countries in order to prevent future competitive devaluations, and thus established the International Monetary Fund (IMF) to monitor exchange rates and lend reserve currencies to nations with balance of payments deficits. Preparing to rebuild the interna ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu]
	Pan-European Trade And Professional Organizations Pan-European can refer to: * Pan-European identity * Pan-European corridors Pan-European Corridor X Pan-European Corridor Xa * Pan European Game Information * Pan-European Institute * Pan-European nationalism * Pan-European Oil Pipeline * Pan-European Pension * Pan-European Picnic * Paneuropean Union, a European unification group * Pan-European University * Paneuropean Working Group of the European Parliament * Honda ST series motorcycles, sold as the ''Pan-European'' in the UK & Europe See also * European integration * European political party * Pro-Europeanism * * * Transeuropean (other) * Transeuropa (other) * European (other) * Pan (other) * Proto-Indo-European language Proto-Indo-European (PIE) is the reconstructed common ancestor of the Indo-European language family. Its proposed features have been derived by linguistic reconstruction from documented Indo-European languages. No direct record of Proto-Indo-E ... { ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu]
	International Trade Organizations International is an adjective (also used as a noun) meaning "between nations". International may also refer to: Music Albums * ''International'' (Kevin Michael album), 2011 * ''International'' (New Order album), 2002 * ''International'' (The Three Degrees album), 1975 ''International'', 2018 album by L'Algérino Songs The Internationale, the left-wing anthem * "International" (Chase & Status song), 2014 * "International", by Adventures in Stereo from ''Monomania'', 2000 * "International", by Brass Construction from ''Renegades'', 1984 * "International", by Thomas Leer from ''The Scale of Ten'', 1985 * "International", by Kevin Michael from ''International'' (Kevin Michael album), 2011 * "International", by McGuinness Flint from ''McGuinness Flint'', 1970 * "International", by Orchestral Manoeuvres in the Dark from '' Dazzle Ships'', 1983 * "International (Serious)", by Estelle from '' All of Me'', 2012 Politics * Political international, any transnational organization of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu]
picture info	History Of International Trade The history of international trade chronicles notable events that have affected the trade between various countries. In the era before the rise of the nation state, the term 'international' trade cannot be literally applied, but simply means trade over long distances; the sort of movement in goods which would represent international trade in the modern world. Chronology of events Ancient * The domestication of the horse around 4800 BCE allowed for the development of horse riding around 3700 BCE, and long distance travel across the Central Asian steppes. * * The Maritime Jade Road (2000 BCE to 1000 CE) was established by the animist indigenous peoples of Taiwan and the Philippines, and later expanded throughout Southeast Asia. The network operated for 3,000 years. * Indus–Mesopotamia trade * Records from the 19th century BCE attest to the existence of an Assyrian merchant colony at Kanesh in Cappadocia. * The domestication of Dromedary camels around 2,000 BCE allowed ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu]