{
  "title": "Debt and Entanglements Between the Wars",
  "publication": "Books, November 8, 2019",
  "sourceUrl": "https://www.imf.org/en/publications/books/issues/2019/11/08/debt-and-entanglements-between-the-wars-48602",
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  "summary": "World War I created a set of forces that affected the political arrangements and economies of all the countries involved. This period in global economic history between World War I and II offers rich material for studying international monetary and sovereign debt policies.",
  "sections": [
    {
      "heading": "Summary",
      "content": "- World War I created a set of forces that affected the political arrangements and economies of all the countries involved.\n- The period between World War I and II provides material for studying international monetary and sovereign debt policies.\n- The book focuses on the experiences of the United States, United Kingdom, four countries in the British Commonwealth (Australia, New Zealand, Canada, Newfoundland), France, Italy, Germany, and Japan.\n- Narratives show how political and economic interests influenced alliances, defaults, and the unwinding of debts.\n- The absence of effective international collaboration and resolution mechanisms inflicted damage on the global economy, with disastrous consequences."
    },
    {
      "heading": "Authors and Publication",
      "content": "- By Thomas J Sargent, George Hall, Martin Ellison, Andrew Scott, Harold James, Era Dabla-Norris, Mark De Broeck, Nicolas End, Marina Marinkov, Vitor Gaspar\n- Publication date: November 8, 2019\n- Format available: Download PDF; More formats on IMF eLibrary; Order a Print Copy\n- Citation format (Chicago): Thomas J Sargent, George Hall, Martin Ellison, Andrew Scott, Harold James, Era Dabla-Norris, Mark De Broeck, Nicolas End, Marina Marinkov, and Vitor Gaspar. Debt and Entanglements Between the Wars, (USA: International Monetary Fund, 2019) accessed 9/16/2026, https://doi.org/10.5089/9781513511795.071"
    },
    {
      "heading": "Key Themes and Topics Covered",
      "content": "- International monetary policy interactions in the interwar period\n- Sovereign debt policy, default episodes, and debt unwinding\n- Political economy of alliances and creditor–debtor relations\n- Role and limits of gold and the gold standard in the period\n- Implications for government debt management and public financial management (PFM)"
    },
    {
      "heading": "Subjects and Keywords",
      "content": "- Subjects: Bonds, Commodities, Credit, External debt, Financial institutions, Gold, Government debt management, Loans, Money, Public debt, Public financial management (PFM)\n- Keywords: Australia and New Zealand, Bonds, BOOK, Credit, debt, debt policy, Europe, finance minister, fiscal policy, Global, Gold, gold standard, government, Government debt management, Loans, long-term debt, market value, Middle East and Central Asia, monetary policy, North America, short-term debt, South America, successor government authority, W.R. Berkley professor of Economics\n\n---\n\n Content in this bundle\n\n- Debt and Entanglements Between the Wars; November 8, 2019\n  - Debt and Entanglements Between the Wars; November 8, 2019 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/books/issues/2019/11/08/debt-and-entanglements-between-the-wars-48602"
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    "Authors: Thomas J Sargent, George Hall, Martin Ellison, Andrew Scott, Harold James, Era Dabla-Norris, Mark De Broeck, Nicolas End, Marina Marinkov, Vitor Gaspar",
    "Published: November 8, 2019",
    "Series: Books",
    "DOI: https://doi.org/10.5089/9781513511795.071",
    "World War I created a set of forces that affected the political arrangements and economies of all the countries involved.",
    "The period between World War I and II provides material for studying international monetary and sovereign debt policies.",
    "The book focuses on the experiences of the United States, United Kingdom, four countries in the British Commonwealth (Australia, New Zealand, Canada, Newfoundland), France, Italy, Germany, and Japan.",
    "Narratives show how political and economic interests influenced alliances, defaults, and the unwinding of debts.",
    "The absence of effective international collaboration and resolution mechanisms inflicted damage on the global economy, with disastrous consequences.",
    "By Thomas J Sargent, George Hall, Martin Ellison, Andrew Scott, Harold James, Era Dabla-Norris, Mark De Broeck, Nicolas End, Marina Marinkov, Vitor Gaspar",
    "Publication date: November 8, 2019",
    "Format available: Download PDF; More formats on IMF eLibrary; Order a Print Copy",
    "Citation format (Chicago): Thomas J Sargent, George Hall, Martin Ellison, Andrew Scott, Harold James, Era Dabla-Norris, Mark De Broeck, Nicolas End, Marina Marinkov, and Vitor Gaspar. Debt and Entanglements Between the Wars, (USA: International Monetary Fund, 2019) accessed 9/16/2026, https://doi.org/10.5089/9781513511795.071",
    "International monetary policy interactions in the interwar period",
    "Sovereign debt policy, default episodes, and debt unwinding",
    "Political economy of alliances and creditor–debtor relations",
    "Role and limits of gold and the gold standard in the period",
    "Implications for government debt management and public financial management (PFM)",
    "Subjects: Bonds, Commodities, Credit, External debt, Financial institutions, Gold, Government debt management, Loans, Money, Public debt, Public financial management (PFM)",
    "Keywords: Australia and New Zealand, Bonds, BOOK, Credit, debt, debt policy, Europe, finance minister, fiscal policy, Global, Gold, gold standard, government, Government debt management, Loans, long-term debt, market value, Middle East and Central Asia, monetary policy, North America, short-term debt, South America, successor government authority, W.R. Berkley professor of Economics",
    "**Debt and Entanglements Between the Wars; November 8, 2019**"
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