France and the Breakdown of the Bretton Woods International Monetary System

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Publisher : International Monetary Fund
ISBN 13 : 1451935366
Total Pages : 58 pages
Book Rating : 4.4/5 (519 download)

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Book Synopsis France and the Breakdown of the Bretton Woods International Monetary System by : Ms.Dominique Simard

Download or read book France and the Breakdown of the Bretton Woods International Monetary System written by Ms.Dominique Simard and published by International Monetary Fund. This book was released on 1994-10-01 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and national and international economic developments.

France and the Bretton Woods International Monetary System, 1960 to 1968

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Publisher :
ISBN 13 :
Total Pages : 56 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis France and the Bretton Woods International Monetary System, 1960 to 1968 by : Michael D. Bordo

Download or read book France and the Bretton Woods International Monetary System, 1960 to 1968 written by Michael D. Bordo and published by . This book was released on 1994 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: We reinterpret the commonly held view in the U.S. that France, by following a policy from 1965 to 1968 of deliberately converting their dollar holdings into gold helped perpetuate the collapse of the Bretton Woods International Monetary System. We argue that French international monetary policy under Charles de Gaulle was consistent with strategies developed in the interwar period and the French Plan of 1943. France used proposals to return to an orthodox gold standard as well as conversions of its dollar reserves into gold as tactical threats to induce the United States to initiate the reform of the international monetary system towards a more symmetrical and cooperative gold-exchange standard regime.

A Retrospective on the Bretton Woods System

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Publisher : University of Chicago Press
ISBN 13 : 0226066908
Total Pages : 692 pages
Book Rating : 4.2/5 (26 download)

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Book Synopsis A Retrospective on the Bretton Woods System by : Michael D. Bordo

Download or read book A Retrospective on the Bretton Woods System written by Michael D. Bordo and published by University of Chicago Press. This book was released on 2007-12-01 with total page 692 pages. Available in PDF, EPUB and Kindle. Book excerpt: At the close of the Second World War, when industrialized nations faced serious trade and financial imbalances, delegates from forty-four countries met in Bretton Woods, New Hampshire, in order to reconstruct the international monetary system. In this volume, three generations of scholars and policy makers, some of whom participated in the 1944 conference, consider how the Bretton Woods System contributed to unprecedented economic stability and rapid growth for 25 years and discuss the problems that plagued the system and led to its eventual collapse in 1971. The contributors explore adjustment, liquidity, and transmission under the System; the way it affected developing countries; and the role of the International Monetary Fund in maintaining a stable rate. The authors examine the reasons for the System's success and eventual collapse, compare it to subsequent monetary regimes, such as the European Monetary System, and address the possibility of a new fixed exchange rate for today's world.

Bretton Woods

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Publisher : Springer
ISBN 13 : 1349036285
Total Pages : 330 pages
Book Rating : 4.3/5 (49 download)

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Book Synopsis Bretton Woods by : Armand Van Dormael

Download or read book Bretton Woods written by Armand Van Dormael and published by Springer. This book was released on 1978-06-29 with total page 330 pages. Available in PDF, EPUB and Kindle. Book excerpt:

International Monetary Cooperation Since Bretton Woods

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Publisher : International Monetary Fund
ISBN 13 : 1475506961
Total Pages : 780 pages
Book Rating : 4.4/5 (755 download)

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Book Synopsis International Monetary Cooperation Since Bretton Woods by : Mr.Harold James

Download or read book International Monetary Cooperation Since Bretton Woods written by Mr.Harold James and published by International Monetary Fund. This book was released on 1996-06-15 with total page 780 pages. Available in PDF, EPUB and Kindle. Book excerpt: This comprehensive history, published jointly by the IMF and Oxford University Press, was written to mark the fiftieth anniversary of international monetary cooperation. From the establishment of the postwar international monetary system in 1944 to how the framework functions in a vastly expanded world economy, historian Harol James describes the tensions, negotiations, challenges, and progress of international monetary cooperation. This narrative offers a global perspective on the events and decisions that have shaped the world economy during the past fifty years.

The Battle of Bretton Woods

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Publisher : Princeton University Press
ISBN 13 : 0691149097
Total Pages : 480 pages
Book Rating : 4.6/5 (911 download)

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Book Synopsis The Battle of Bretton Woods by : Benn Steil

Download or read book The Battle of Bretton Woods written by Benn Steil and published by Princeton University Press. This book was released on 2013-02-24 with total page 480 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recounts the events of the Bretton Woods accords, presents portaits of the two men at the center of the drama, and reveals Harry White's admiration for Soviet economic planning and communications with intelligence officers.

International Monetary Policy

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Publisher : John Wiley & Sons
ISBN 13 :
Total Pages : 280 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis International Monetary Policy by : W. M. Scammell

Download or read book International Monetary Policy written by W. M. Scammell and published by John Wiley & Sons. This book was released on 1975 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt:

International Financial History in the Twentieth Century

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Publisher : Cambridge University Press
ISBN 13 : 0521819954
Total Pages : 290 pages
Book Rating : 4.5/5 (218 download)

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Book Synopsis International Financial History in the Twentieth Century by : Marc Flandreau

Download or read book International Financial History in the Twentieth Century written by Marc Flandreau and published by Cambridge University Press. This book was released on 2003 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: The essays, written by leading experts, examine the history of the international financial system in terms of the debate about globalization and its limits. In the nineteenth century, international markets existed without international institutions. A response to the problems of capital flows came in the form of attempts to regulate national capital markets (for instance through the establishment of central banks). In the inter-war years, there were (largely unsuccessful) attempts at designing a genuine international trade and monetary system; and at the same time (coincidentally) the system collapsed. In the post-1945 era, the intended design effort was infinitely more successful. The development of large international capital markets since the 1960s, however, increasingly frustrated attempts at international control. The emphasis has shifted in consequence to debates about increasing the transparency and effectiveness of markets; but these are exactly the issues that already dominated the nineteenth-century discussions.

Global Imbalances and the Lessons of Bretton Woods

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Publisher : MIT Press
ISBN 13 : 0262514141
Total Pages : 206 pages
Book Rating : 4.2/5 (625 download)

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Book Synopsis Global Imbalances and the Lessons of Bretton Woods by : Barry Eichengreen

Download or read book Global Imbalances and the Lessons of Bretton Woods written by Barry Eichengreen and published by MIT Press. This book was released on 2010-01-22 with total page 206 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why the current Bretton Woods-like international financial system, featuring large current account deficits in the center country, the United States, and massive reserve accumulation by the periphery, is not sustainable. In Global Imbalances and the Lessons of Bretton Woods, Barry Eichengreen takes issue with the argument that today's international financial system is largely analogous to the Bretton Woods System of the period 1958 to 1973. Then, as now, it has been argued, the United States ran balance of payment deficits, provided international reserves to other countries, and acted as export market of last resort for the rest of the world. Then, as now, the story continues, other countries were reluctant to revalue their currencies for fear of seeing their export-led growth slow and suffering capital losses on their foreign reserves. Eichengreen argues in response that the power of historical analogy lies not just in finding parallels but in highlighting differences, and he finds important differences in the structure of the world economy today. Such differences, he concludes, mean that the current constellation of exchange rates and payments imbalances is unlikely to last as long as the original Bretton Woods System. Two of the most salient differences are the twin deficits and low savings rate of the United States, which do not augur well for the sustainability of the country's international position. Such differences, he concludes, mean that the current constellation of exchange rates and payments imbalances is unlikely to last as long as the original Bretton Woods System. After identifying these differences, Eichengreen looks in detail at the Gold Pool, the mechanism through which European central banks sought to support the dollar in the 1960s. He shows that the Pool was fragile and short lived, which does not bode well for collective efforts on the part of Asian central banks to restrain reserve diversification and support the dollar today. He studies Japan's exit from its dollar peg in 1971, drawing lessons for China's transition to greater exchange rate flexibility. And he considers the history of reserve currency competition, asking if it has lessons for whether the dollar is destined to lose its standing as preeminent international currency to the euro or even the Chinese renminbi.

Building Trust in the International Monetary System

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Publisher : Springer Nature
ISBN 13 : 3030784916
Total Pages : 274 pages
Book Rating : 4.0/5 (37 download)

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Book Synopsis Building Trust in the International Monetary System by : Giovanni Battista Pittaluga

Download or read book Building Trust in the International Monetary System written by Giovanni Battista Pittaluga and published by Springer Nature. This book was released on 2021-07-15 with total page 274 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents the evolution of the international monetary system from the gold standard to the monetary system in force today. It adopts a political economy approach, emphasizing the economic and political conditions under which an international monetary system can come into existence and be maintained over time. This approach highlights how the gradual transition in the international context from commodity money to fiat money has been led by the need for greater elasticity of money supply and smooth adjustments. This transition, however, raises the issue of how to guarantee, over time, the value of a money devoid of intrinsic value. By presenting a historical evolution, the book explains how the existence of an international monetary system based on money without intrinsic value can only occur when a particular balance of power exists at the international level that allows for the production of trust in a fiat money. The book is a must-read for scholars, researchers, and students in the fields of economic history and international monetary economics, interested in better understanding the evolution of the international monetary system.

Dilemmas of the Dollar

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Publisher : Routledge
ISBN 13 : 1315491079
Total Pages : 476 pages
Book Rating : 4.3/5 (154 download)

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Book Synopsis Dilemmas of the Dollar by : C. Fred Bergsten

Download or read book Dilemmas of the Dollar written by C. Fred Bergsten and published by Routledge. This book was released on 2017-07-28 with total page 476 pages. Available in PDF, EPUB and Kindle. Book excerpt: An examination of the role of the dollar in the global financial system which presents a long-term historical perspective on the international monetary system in this century. The main focus is on the evaluation of the global financial system in the post-war period.

The International Monetary System

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Publisher : Elsevier
ISBN 13 : 1483297152
Total Pages : 268 pages
Book Rating : 4.4/5 (832 download)

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Book Synopsis The International Monetary System by : E. Hoffmeyer

Download or read book The International Monetary System written by E. Hoffmeyer and published by Elsevier. This book was released on 2016-01-26 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book interprets the historical evolution of how and why the international monetary system has been transformed. The strategies of the major decision-makers are defined and described, and an analysis made of how these strategies were adapted. The structure of the analysis differs from other such contributions, in that it does not concentrate on the way in which disturbances have developed, but rather on describing the pattern of reaction of policy makers to disturbances, and in particular on the political element in the decisions. This structure of analysis makes relevance criteria somewhat different from most academic literature on the international monetary system. A substantial amount of evidence is presented that has hitherto been largely neglected by experts; for example the sterling support schemes, the gold pool transactions, the use of the swap network, Schiller's preparation of the German block floating, the intervention pattern among key currencies, and the views arising from the minutes of the Federal Open Market Committee. In order to facilitate comparison with other presentations careful documentation is provided of the points made. Apart from the literature referred to in the Bibliography, all material used - comprising documents, memoranda, publications and communiqués - has been organized in a computer index containing about 500 entries. Background material covered by one or more of these entries is available to the interested reader.

International Monetary Systems in Historical Perspective

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Publisher : Springer
ISBN 13 : 1349242209
Total Pages : 295 pages
Book Rating : 4.3/5 (492 download)

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Book Synopsis International Monetary Systems in Historical Perspective by : Jaime Reis

Download or read book International Monetary Systems in Historical Perspective written by Jaime Reis and published by Springer. This book was released on 1995-12-13 with total page 295 pages. Available in PDF, EPUB and Kindle. Book excerpt: After a century and a half of efforts at constructing arrangements and rules for international monetary interaction, present-day national authorities do not seem to have come much closer to achieving the aim of enduring exchange rate stability combined with a good macroeconomic performance. A distinguished group of economists and economic historians offers new insights into the working of the most important of such experiences, including nineteenth century bimetallism, the 'classical' gold standard, Bretton Woods and the European Monetary System.

Dilemmas of the Dollar

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Publisher : M.E. Sharpe
ISBN 13 : 9780873326001
Total Pages : 620 pages
Book Rating : 4.3/5 (26 download)

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Book Synopsis Dilemmas of the Dollar by : C. Fred Bergsten

Download or read book Dilemmas of the Dollar written by C. Fred Bergsten and published by M.E. Sharpe. This book was released on 1996 with total page 620 pages. Available in PDF, EPUB and Kindle. Book excerpt: An examination of the role of the dollar in the global financial system which presents a long-term historical perspective on the international monetary system in this century. The main focus is on the evaluation of the global financial system in the post-war period.

The Bretton Woods Agreements

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Publisher : Yale University Press
ISBN 13 : 0300236794
Total Pages : 505 pages
Book Rating : 4.3/5 (2 download)

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Book Synopsis The Bretton Woods Agreements by : Naomi R. Lamoreaux

Download or read book The Bretton Woods Agreements written by Naomi R. Lamoreaux and published by Yale University Press. This book was released on 2019-07-23 with total page 505 pages. Available in PDF, EPUB and Kindle. Book excerpt: Commentaries by top scholars alongside the most important documents and speeches concerning the Bretton Woods Conference of 1944 The two world wars brought an end to a long-standing system of international commerce based on the gold standard. After the First World War, the weaknesses in the gold standard contributed to hyperinflation, the Great Depression, the rise of fascism, and ultimately World War II. The Bretton Woods Conference of 1944 arose out of the Allies' desire to design a postwar international economic system that would provide a basis for prosperity, trade, and worldwide economic development. Alongside important documents and speeches concerning the adoption and evolution of the Bretton Woods system, this volume includes lively, readable, original essays on such topics as why the gold standard was doomed, how Bretton Woods encouraged the adoption of Keynesian economics, how the agreements influenced late-twentieth-century ideas of international development, and why the agreements ultimately had to give way to other arrangements.

A Search for Solvency

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Publisher : University of Texas Press
ISBN 13 : 0292740832
Total Pages : 370 pages
Book Rating : 4.2/5 (927 download)

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Book Synopsis A Search for Solvency by : Alfred E. Eckes, Jr.

Download or read book A Search for Solvency written by Alfred E. Eckes, Jr. and published by University of Texas Press. This book was released on 2012-05-02 with total page 370 pages. Available in PDF, EPUB and Kindle. Book excerpt: Diverted by the dramatic military and political events of July 1944, few Americans realized the significance of an international conference taking place at Bretton Woods, a mountain resort in New Hampshire, far from the battle zones. There United Nations experts were completing plans for a world monetary and financial system that they hoped would create a prosperous, efficient global economy and avert economic tensions that might lead to another world war. Until the dollar crisis of 1971, decisions made at Bretton Woods provided the institutions and rules for international finance. The conference ushered in an era of unprecedented expansion of world trade and prosperity. Based on extensive research in previously unavailable sources, A Search for Solvency relates intriguing and often complicated issues of economic analysis and diplomatic history. It offers a succinct and comprehensive survey of international monetary development from the collapse of the pre–World War I gold standard to the devaluation of the dollar in 1971. In effect, it explains the origins of late twentieth-century global inflation and currency problems. The author details how the ghost of the Great Depression, the failure of monetary reconstruction efforts after World War I, and the memory of the nineteenth-century gold standard guided efforts to construct the Bretton Woods system. This preoccupation with the past, as well as political constraints, produced a monetary system protected against past dangers—fluctuating currencies, controls, and deflation—but dangerously vulnerable to inflationary pressures. The weaknesses of Bretton Woods, a system geared to an era in which economic power was concentrated in the United States, became visible in the 1960s and painfully apparent by the mid-1970s.

The Evolution of the International Monetary System, 1945-85

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Author :
Publisher : Random House (UK)
ISBN 13 :
Total Pages : 274 pages
Book Rating : 4.:/5 (43 download)

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Book Synopsis The Evolution of the International Monetary System, 1945-85 by : Brian Tew

Download or read book The Evolution of the International Monetary System, 1945-85 written by Brian Tew and published by Random House (UK). This book was released on 1985 with total page 274 pages. Available in PDF, EPUB and Kindle. Book excerpt: