Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/161481
Authors: 
Ocampo Gaviria, José Antonio
Year of Publication: 
2016
Series/Report no.: 
WIDER Working Paper 2016/97
Abstract: 
This paper provides a historical background to contemporary debates on the international monetary system: their genesis, similarities, and differences of problems it has faced at different times. It looks sequentially at the design of the Bretton Woods system; the tensions it faced since the 1960s and its collapse in the early 1970s; the management of the collapse, the failure to agree on a new system, and the resulting non-system that followed; the maturing of these ad hoc arrangements, and the reforms after the North Atlantic financial crisis and debates on how to build up a broader global 'financial safety net'.
Subjects: 
Bretton Woods agreement
gold reserves
foreign exchange reserves
exchange rate system
payments imbalances
IMF credit lines
JEL: 
F02
F31
F33
F34
F42
ISBN: 
978-92-9256-141-3
Document Type: 
Working Paper

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