By Michael D. Bordo,Barry Eichengreen
The participants discover adjustment, liquidity, and transmission less than the approach; how it affected constructing nations; and the position of the foreign financial Fund in retaining a good price. The authors research the explanations for the System's good fortune and eventual cave in, evaluate it to next financial regimes, equivalent to the ecu financial procedure, and handle the potential of a brand new fastened trade expense for state-of-the-art 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