By Michael D. Bordo,Barry Eichengreen
The individuals discover adjustment, liquidity, and transmission below the procedure; how it affected constructing international locations; and the function of the foreign financial Fund in keeping a solid fee. The authors research the explanations for the System's luck and eventual cave in, examine it to next financial regimes, akin to the ecu financial procedure, and deal with the opportunity of a brand new mounted trade cost for contemporary 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