Peripheral strategies sixty years after the Bretton Woods agreement

André Moreira Cunha ()

Brazilian Journal of Political Economy, 2006, vol. 26, issue 4, 483-501

Abstract: After sixty years, the Bretton Woods Agreement continuous to be a reference for the debates concerning institutional organization of the international monetary system. This paper compares some features of the arrangements that have emerged in that context with the recent wave of institutional reforms in the international financial architecture. We explore some arguments suggesting that, in an instable financial environment, is possible to envisage a strong rationality in strategies for emerging economies associated with a more active capital flows and exchange rate management. Apparently, those strategies are not dissimilar to the ones today’s advanced countries had used in Bretton Woods Era. JEL Classification: P16.

Keywords: Bretton Woods Agreement; capital flows and exchange rate management; emerging economies (search for similar items in EconPapers)
Date: 2006
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