By Michael D. Bordo,Barry Eichengreen
The participants discover adjustment, liquidity, and transmission less than the approach; how it affected constructing international locations; and the position of the foreign financial Fund in retaining a good cost. The authors study the explanations for the System's luck and eventual cave in, examine it to next financial regimes, equivalent to the ecu financial procedure, and deal with the potential of a brand new fastened alternate cost for modern world.
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Extra info for A Retrospective on the Bretton Woods System: Lessons for International Monetary Reform (National Bureau of Economic Research Project Report)
A Retrospective on the Bretton Woods System: Lessons for International Monetary Reform (National Bureau of Economic Research Project Report) by Michael D. Bordo,Barry Eichengreen