BEGIN:VCALENDAR
VERSION:2.0
PRODID:-//Talks.cam//talks.cam.ac.uk//
X-WR-CALNAME:Talks.cam
BEGIN:VEVENT
SUMMARY:Poland\, the international monetary system and the Bank of England
 \, 1921–1939 - William Allen (National Institute of Economic and Social 
 Research)
DTSTART:20210301T170000Z
DTEND:20210301T183000Z
UID:TALK150973@talks.cam.ac.uk
CONTACT:Dr Duncan Needham
DESCRIPTION:The paper uses archive material\, mainly from the Bank of Engl
 and\, to give an account of the relationship between Poland and the intern
 ational monetary system between 1921 and 1939\, as seen from the United Ki
 ngdom. It describes the 1923 – 1924 Hilton Young mission of ‘money doc
 tors’ and its role in the establishment of the Bank Polski and the intro
 duction of the zloty in 1924\; the abandonment of the zloty’s gold parit
 y in 1925\; the tortuous negotiations leading to the stabilisation program
 me and stabilisation loan of 1927\, including the Bank of England’s unsu
 ccessful efforts to induce Poland to accept the oversight of the League of
  Nations\; Poland’s gold purchases after the stabilisation loan\; the pr
 ocess of deflation during the Great Depression\; the abortive discussions 
 in 1934 – 1936 of the possibility of Danzig\, Germany and Poland pegging
  their exchange rates to sterling\; the imposition of exchange restriction
 s in 1936\; debt default in 1937\; and the approach of war. It also provid
 es information about the management of Poland’s gold and foreign exchang
 e reserves. The narrative makes clear that it is impossible to understand 
 Poland’s international financial affairs without reference to the intern
 ational political tensions of the period.
LOCATION:Zoom
END:VEVENT
END:VCALENDAR