Quotes About Bretton Woods

Because there was no obvious watershed linking policy to theory comparable to Bretton Woods, and the post-1980 infrastructure of international finance grew up piecemeal, the relationship between neoliberalism and the growth of shadow and offshore banking is only beginning to be a subject of interest. Evidence,

Keynes's second major contribution to the post-war order was his part in establishing the Bretton Woods system. This was unfinished business left over from the collapse of the old order. Even in his Tract period Keynes was not a currency floater. He wanted a 'managed' exchange-rate system – something consistent with de facto stability of exchange rates for long periods.