By Michael D. Bordo,Barry Eichengreen
The participants discover adjustment, liquidity, and transmission below the process; how it affected constructing nations; and the function of the foreign financial Fund in protecting a solid fee. The authors research the explanations for the System's good fortune and eventual cave in, examine it to next financial regimes, reminiscent of the ecu financial process, and deal with the potential of a brand new fastened alternate fee for cutting-edge world.
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Additional 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