The Speculative Consequences of the Peace

doi:10.1017/9781009407540.010

8 - The Speculative Consequences of the Peace

Published online by Cambridge University Press: 14 December 2023

Olivier Accominotti ,

David Chambers and

James Ashley Morrison

Edited by

Maurice Obstfeld and

Patricia Clavin: Affiliation:
University of Oxford
Giancarlo Corsetti: Affiliation:
University of Cambridge
Maurice Obstfeld: Affiliation:
Peterson Institute for International Economics, Washington DC
Adam Tooze: Affiliation:
Columbia University, New York

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Summary

Keynes began actively trading in currencies almost as soon as he had published The Economic Consequences. Despite the advantages of being the leading economic thinker of his generation and possessing an enviable network of contacts with policymakers, his speculation met with mixed results. This chapter examines two issues: first, the influence which Keynes’ understanding of the post-war international economic and political situation had on his foreign exchange speculation strategy; and, second, the influence his experience as a speculator had on his political-economic theory in the years following the publication of his book.

Keywords

Foreign exchange Currency speculation Gold standard Forward market

Type: Chapter
Information: Keynes's Economic Consequences of the Peace after 100 Years
Polemics and Policy
, pp. 202 - 233

DOI: https://doi.org/10.1017/9781009407540.010 [Opens in a new window]

Publisher: Cambridge University Press

Print publication year: 2024

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