2011 Fiscal Year Final Research Report

West Germany and Bretton Woods Institutions : Actual Situation of Liquidity Supply in the 1950s

Research Project

Project/Area Number	21730281
Research Category	Grant-in-Aid for Young Scientists (B)
Allocation Type	Single-year Grants
Research Field	Economic history
Research Institution	Aichi Shukutoku University
Principal Investigator	ISHIZAKA Ayako 愛知淑徳大学, ビジネス学部, 准教授 (40329834)
Project Period (FY)	2009 – 2011
Keywords	ドイツ / 国際通貨基金(IMF) / 国際復興開発銀行(IBRD) / ドイツ連邦銀行
Research Abstract	This research examined Germany's international contribution as a capital exporter, discussing how the country exported public capital through the International Bank for Reconstruction and Development(IBRD ; hereafter the World Bank) and what significance the capital export had. rts. The International Monetary Fund(IMF) judged that Germany's trade liberalization and foreign exchange liberalization were largely completed by 1956.Germany's capital export was mixed into international capital flows and provided liquidity. A significant share was accounted for by short-and medium-term loans and release of its 18% capital subscription funds contributions made in Deutsche Mark to the World Bank. From that point on, German firms started to engage heavily in activities that supported developing countries through the World Bank, activities that were centered on the export of items in the areas of energy supply and maintenance of machinery, railroads, and ports.

(3 results)