European Payments Union

International Legal Research

Information about European Payments Union in free legal resources:

Treaties & Agreements

International Organizations

Jurisprudence $ Commentary

European Union

IP Law

European Payments Union

Summary of European Payments Union

An intra-European mechanism for the periodic settlement of trade balances. The EPU was established July 1, 1950, among the members of the Organization for European Economic Cooperation (read this and related legal terms for further details) (OEEC) to promote trade equilibrium; to accomplish this, the OEEC nations made a quota contribution equal to 15 percent of all visible and invisible transactions between members and the sterling area during 1949. The United States made an initial contribution of $350 million. Transactions of the EPU were in a unit of account equal to the U.S. dollar. In 1958 the European Payments Union was sup-planted by the European Monetary Cooperation Fund.

(Main Author: William J. Miller)

European Payments Union

Embracing mainstream international law, this section on european payments union explores the context, history and effect of the area of the law covered here.

Resources

Further Reading

  • The entry “european payments union” in the Parry and Grant Encyclopaedic Dictionary of International Law (currently, the Encyclopaedic Dictionary of International Law, 2009), Oxford University Press

Hierarchical Display of European Payments Union

Finance > Monetary relations > Monetary relations > Monetary agreement

European Payments Union

Concept of European Payments Union

See the dictionary definition of European Payments Union.

Characteristics of European Payments Union

Resources

Translation of European Payments Union

Thesaurus of European Payments Union

Finance > Monetary relations > Monetary relations > Monetary agreement > European Payments Union

See also

  • Canada lynx
  • Canadian lynx
  • Eurasian lynx
  • Iberian lynx
  • Bobcat
  • EPU

Leave a Comment