%0 Journal Article %1 Eichengreen19951 %A Eichengreen, Barry %A Irwin, Douglas A. %D 1995 %J Journal of International Economics %K blocs currency depression economic great history international regionalization trade %N 1–2 %P 1 - 24 %R 10.1016/0022-1996(95)92754-P %T Trade blocs, currency blocs and the reorientation of world trade in the 1930s %U http://www.sciencedirect.com/science/article/pii/002219969592754P %V 38 %X We analyze the impact of commercial and financial policies on the reorientation of trade in the 1930s. We report evidence that commercial policies attenuated prior connections between income growth and trade, and that exchange rate instability marginally discouraged international trade. In contrast, the tendency toward regionalization commonly ascribed to the formation of trade and currency blocs was already evident to a considerable extent prior to the regional policy initiatives of the 1930s. This reorientation is more properly attributed to ongoing historical forces such as commercial and financial links between countries forged over many years.

@article{Eichengreen19951, abstract = {We analyze the impact of commercial and financial policies on the reorientation of trade in the 1930s. We report evidence that commercial policies attenuated prior connections between income growth and trade, and that exchange rate instability marginally discouraged international trade. In contrast, the tendency toward regionalization commonly ascribed to the formation of trade and currency blocs was already evident to a considerable extent prior to the regional policy initiatives of the 1930s. This reorientation is more properly attributed to ongoing historical forces such as commercial and financial links between countries forged over many years.}, added-at = {2013-03-09T21:52:27.000+0100}, author = {Eichengreen, Barry and Irwin, Douglas A.}, biburl = {https://www.bibsonomy.org/bibtex/2c8761e5aeda8353ca1c752a6d46bcc33/jp}, description = {ScienceDirect.com - Journal of International Economics - Trade blocs, currency blocs and the reorientation of world trade in the 1930s}, doi = {10.1016/0022-1996(95)92754-P}, interhash = {4b4b84cf055eac012e74055c0edad6fe}, intrahash = {c8761e5aeda8353ca1c752a6d46bcc33}, issn = {0022-1996}, journal = {Journal of International Economics}, keywords = {blocs currency depression economic great history international regionalization trade}, number = {1–2}, pages = {1 - 24}, timestamp = {2013-03-09T21:52:27.000+0100}, title = {Trade blocs, currency blocs and the reorientation of world trade in the 1930s}, url = {http://www.sciencedirect.com/science/article/pii/002219969592754P}, volume = 38, year = 1995 }