Review of Foreign Developments
		1948 RFDs RFD ordering information

1948-103 (December 1948)
Short-Run Escape Clauses of the Havana Charter; U.S. Exports Continued Decline in Third Quarter of 1948
J. Herbert Furth, Gretchen H. Fowler, and Samuel I. Katz
Full paper (1006 KB PDF)

1948-102 (December 1948)
Economic and Financial Conditions in Italy
Albert O. Hirschman
Full paper (1165 KB PDF)

1948-101 (November 1948)
The 1948-49 ECA Program and Recovery of U.S. Exports; Par Value of the Mexican Peso; The Shell Caribbean Petroleum Company Financing
Samuel I. Katz, Gerald Alter, and Elizabeth B. Sette
Full paper (927 KB PDF)

1948-100 (November 1948)
Some Thoughts on Import Restrictions; Recent Developments in the French Foreign Exchange System; Gold Hoarding - An Overall Estimate
J. Herbert Furth, Robert Solomon, and Mary Maroney
Full paper (1215 KB PDF)

1948-99 (November 1948)
Mexico's New Economic Program; European Production in the Second Quarter; Some Thoughts on the Nature of Development Loans
Ernest C. Olson, Randall Hinshaw, and Lewis N. Dembitz
Full paper (700 KB PDF)

1948-98 (October 1948)
U.S. Balance of Payments Prospects for 1948-49; U.S. Exports and Imports in First Half of 1948; Some Recent Developments in French Finance and Credit Policy
Florence Jaffy, Frank M. Tamagna, Gretchen H. Fowler, Robert V. Rosa and Albert O. Hirschman
Full paper (1386 KB PDF)

1948-97 (October 1948)
Terms of Trade and Appreciation of the Pound; The Turkish Trade Deficit; Foreign Loans to Meet Domestic Expenditures
Samuel I. Katz, J. Herbert Furth, and Robert Solomon
Full paper (885 KB PDF)

1948-96 (September 1948)
The ECA Local Currency Accounts: A Proposal; "Local Currency" Problems in Central Europe; Rising World Prices and the British External Deficit
Robert A. Rennie, J. Herbert Furth, and Samuel I. Katz
Full paper (1053 KB PDF)

1948-95 (September 1948)
Dollar Shortage and Discrimination; The Case for Discrimination; Annual Report of the Swiss National Bank for 1947
Albert O. Hirschman, Randall Hinshaw, and Rosa Ernst
Full paper (744 KB PDF)

1948-94 (August 1948)
British Indexes of Industrial Activity; Inflation and Balance of Payments Deficit; ECA Assistance to Central Europe
Arthur L. Broida, Albert O. Hirschman, and J. Herbert Furth
Full paper (849 KB PDF)

1948-93 (August 1948)
Sweden's Foreign Exchange Predicament; The Pattern of Finnish Trade; Industrial Output and Composition of National Income in Russia During the War
Robert W. Bean, Caroline Lichtenberg, and Alexander Gerschenkron
Full paper (1049 KB PDF)

1948-92 (July 1948)
Settlement of the Indian Sterling Balances; Federal Tax Trends in Latin America; Notes on Soviet Gold Output
Arthur B. Hersey, Dorothy J. Lichens, Ernest C. Olson, and Alexander Gerschenkron
Full paper (939 KB PDF)

1948-91 (July 1948)
Currency Reform in Germany; Repayment of ECA Loans; Notes on the Significance of Selected Commodities from Eastern Europe for the European Recovery Program; ECA Purchases in Western Europe
J. Herbert Furth, Robert Solomon, and Caroline Lichtenberg
Full paper (1322 KB PDF)

1948-90 (June 1948)
The Argentine-Swiss Trade Agreement; Industrial Production in the ERP Countries; Some Central Banking Problems in Inflationary China
Ernest C. Olson, Randall Hinshaw, and John Exter
Full paper (824 KB PDF)

1948-89 (June 1948)
U.S. Balance of Payments Outlook for 1948; Belgian Gold and Dollar Receipts in Europe; Payments and Trade Between ERP Countries in 1947
Florence Jaffy, Frank M. Tamagna, Robert W. Bean, Albert O. Hirschman, and Caroline Lichtenberg
Full paper (1136 KB PDF)

1948-88 (June 1948)
The Balance of Payments of Venezuela: 1948-49; Note on Offshore Procurement in Europe; A German Report on Reparations
Ernest C. Olson, Albert O. Hirschman, and J. Herbert Furth
Full paper (1236 KB PDF)

1948-87 (May 1948)
Exchange Controls and Quantitative Restrictions in the I.T.O. Charter; Division of India's Rupee Balances and Debt with Pakistan; The Case for Discrimination in Trade
Frank M. Tamagna, Arthur B. Hersey, J.B. Churchill, and Randall Hinshaw
Full paper (1054 KB PDF)

1948-86 (May 1948)
International Capital Accounts of the United Kingdom; The Flow of British Capital to South Africa; The Annual Rate of U.S. Trade in January and February
Charles R. Harley, Robert Solomon, and Gretchen H. Fowler
Full paper (716 KB PDF)

1948-85 (April 1948)
Notes on the Budget of the United Kingdom; Credit Restrictions and Deflation in Italy; Problems in Appraising the Sterling Rate; New Foreign Trade Policy for Bizonal Germany
Robert A. Rennie, Albert O. Hirschman, Randall Hinshaw, and J. Herbert Furth
Full paper (985 KB PDF)

1948-84 (April 1948)
Postwar Gold and Foreign Exchange Resources of the Twenty Latin American Republics; Eastern Europe's Intertrade; European Multilateral Clearing
Florence Guild Nixon, Caroline Lichtenberg, and Robert W. Bean
Full paper (856 KB PDF)

1948-83 (March 1948)
The Balance of Payments of Bizonal Germany 1947 and 1948; "Franco Valuta" Imports in France; Proposed International Wheat Agreement; Notes on Inflation in China and Japan
J. Herbert Furth, Albert O. Hirschman, Wilellyn Morelle, and Arthur B. Hersey
Full paper (979 KB PDF)

1948-82 (March 1948)
The Domestic Currency Equivalent of U.S. Foreign Aid; Establishment of a Bank of German States; U.S. Imports from the ERP Countries During 1947
Robert A. Rennie and J. Herbert Furth
Full paper (702 KB PDF)

1948-81 (February 1948)
Free Market Versus Parity Rates; Types of Exchange Rate Discrimination; Fund and Bank Relations with the United Nations; Terms of Trade in the Netherlands Indies; Change in the Structure of Bulgarian Banking
J. Herbert Furth, Albert O. Hirschman, Florence Nixon, J.B. Churchill, and C.B. Rose, Jr
Full paper (662 KB PDF)

1948-80 (February 1948)
The French Monetary Mover; Balance of Payments of the Netherlands Indies in 1947; End of the Syro-Lebanese Union; Russian Industry in 1947; U.S. Exports to U.S.S.R. During 1947
Albert O. Hirschman, J.B. Churchill, and Alexander Gerschenkron
Full paper (906 KB PDF)

1948-79 (January 1948)
Inflation in the Philippines; British Payments Agreements and Sterling Agreements Since August 20, 1947; European Multilateral Clearing
Arthur B. Hersey, Florence Jaffy, and Robert W. Bean
Full paper (1168 KB PDF)

1948-78 (January 1948)
The Balance of Payments Approach in the European Recovery Program; Changes in Turkey's International Economy; One Year of Hungarian Stabilization
J. Burke Knapp and C. B. Rose Jr.
Full paper (955 KB PDF)

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