European Payments Union and multilateral settlement under Bretton Woods (1947–1958)

1. Marshall Plan launched to rebuild European economies

   Apr 3, 1948Labels: Marshall Plan, United States

   • US Archives
   • Marshall Fdn

2. OEEC begins coordinating European recovery cooperation

   Apr 16, 1948Labels: OEEC

   • OECD
   • CVCE

3. Intra-European Payments Agreement launched as first clearing step

   Oct 16, 1948Labels: Intra-European Payments, OEEC

   • NL Treaties
   • ForeignAffairs

4. IEPA revised for 1949–1950 as pressures persist

   Jul 1, 1949Labels: IEPA

   • NL Treaties
   • ForeignAffairs

5. OEEC decides to replace bilateralism with multilateral settlement

   Jul 1, 1950Labels: OEEC

   • CVCE
   • NL Treaties

6. European Payments Union agreement concluded in Paris

   Sep 19, 1950Labels: European Payments, Paris Agreement

   • NL Treaties
   • CVCE

7. BIS begins acting as EPU clearing and settlement agent

   Oct 1, 1950Labels: Bank for, BIS

   • BIS History
   • Triffin

8. EPU operations expand multilateral trade under Bretton Woods rules

   Jan 1, 1951Labels: European Payments

   • Triffin
   • CVCE

9. European Monetary Agreement signed as planned successor

   Aug 5, 1955Labels: European Monetary, EMA

   • CVCE
   • Wikipedia

10. Treaty of Rome creates EEC amid payments liberalization

    Mar 25, 1957Labels: Treaty of, EEC

    • TreatyRome
    • OECD

11. West European countries announce broad currency convertibility

    Dec 1, 1958Labels: Currency Convertibility

    • UNESCO City
    • Hansard

12. European Payments Union terminated and replaced by EMA

    Dec 27, 1958Labels: European Payments, European Monetary

    • NL Treaties
    • Hansard