The Bretton Woods international monetary system: a lesson for today.

NBER Reporter | December 22, 1992| | Copyright

In fall 1991, the NBER held a conference--"A Retrospective on the Bretton Woods International Monetary System"--at the Mount Washington Hotel in Bretton Woods, New Hampshire. The historic International Monetary Conference of July 1944, creating the Bretton Woods System of adjustable pegged exchange rates, the International Monetary Fund (IMF), and the World Bank, was held at this hotel. The motivation for the NBER conference, organized by Barry J. Eichengreen and me, was to reexamine the Bretton Woods System 20 years after Richard Nixon closed the gold window in August 1971, ...

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