Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/144452
Authors: 
Maes, Ivo
Year of Publication: 
2012
Series/Report no.: 
Working Paper Research 240
Abstract: 
Robert Triffin became famous with his trenchant analyses of the vulnerabilities of the Bretton Woods system. These are still at the center of many discussions today. This paper argues that there is a remarkable continuity in Triffin's work. From his earliest writings, Triffin developed a vision that the international adjustment process was not functioning according to the classical mechanisms. This view was based on thorough empirical analyses of the Belgian economy during the Great Depression and shaped by a business cycle perspective with an emphasis on the disequilibria and the transition period. His doctoral dissertation on imperfect competition theory and his Latin American experience further reinforced this basic view.
Subjects: 
Triffin
Bretton Woods
international liquidity
business cycle theory
imperfect competition theory
JEL: 
A11
B22
B31
E30
E50
F02
F32
Document Type: 
Working Paper

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