CEU Electronic Theses and Dissertations, 2007
| Author | Asenova, Vera Dimitrova |
|---|---|
| Title | German-Bulgarian Relations in the Inter-war Period: a Case of Monetary, Economic and Political Dependence |
| Summary | The present work analyzes the economic relations between Germany and Bulgaria in the interwar period from the perspective of monetary power. It studies the dynamics and asymmetry bilateral clearing trade, the system of international payment through blocked accounts without the use of foreign currency in the context of tough exchange rate controls. The theoretical approach used follows Jonathan Kirshner’s theory of monetary power and the analysis of trade dependence advanced by Albert O. Hirschman. It further brings a detailed historical evidence of the various aspects of these relations based on the literature and on original findings from archival sources. The clearing trade is examined in the context of the general shift from a free trade to bilateral and multilateral regime which characterizes the interwar period. A debate on the motivations and effects of the clearing trade is further developed discussing the role of monetary liquidity as an instrument of choice. |
| Supervisor | Julius Horvath |
| Department | International Relations MA |
| Full text | https://www.etd.ceu.edu/2007/asenova_vera.pdf |
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