Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/91037
Authors: 
Thorstensen, Vera
Ramos, Daniel
Muller, Carolina
Year of Publication: 
2013
Series/Report no.: 
Texto para Discussão, Instituto de Pesquisa Econômica Aplicada (IPEA) 1859
Abstract (Translated): 
One of the main objectives of the Bretton Woods negotiations was to guarantee the firm control over competitive exchange rate devaluations, which had worsened the effects of the economic crisis of the 1930s. The par value exchange rate system was thus created, representing a link between the international financial system and the international trading system, guaranteeing, to the latter, the neutrality of the currency issue. The present article analyses how the institutional revolutions suffered by the IMF ended up representing the loss of this link and discusses its consequences to the WTO.
Subjects: 
International Monetary Fund
World Trade Organization
exchange rate
dollar-gold standard
Bretton Woods
JEL: 
F10
F13
F50
Document Type: 
Working Paper

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