Back to the Future: Small Developing Countries in the International Monetary System

Terrence W. Farrell

Chapter 17 in The International Monetary and Financial System, 1996, pp 452-475 from Palgrave Macmillan

Abstract: Abstract This fiftieth anniversary of the Bretton Woods Conference which was held in New Hampshire, United States in July 1944, will certainly add to the already voluminous literature on international monetary reform and bring forth both historical and analytical work. There have been several retrospective pieces of work on Bretton Woods, the most recent being perhaps the volume edited by Bordo and Eichengreen (1993). It is in a sense odd to commemorate the anniversary of a system which arguably collapsed in 1971, and which actually operated for a relatively short period from 1958, when the West European countries made their currencies convertible, to August 1971, when President Nixon closed the gold window (Bordo and Eichengreen, 1993).

Keywords: Exchange Rate; Small State; Small Country; Exchange Rate Volatility; International Liquidity (search for similar items in EconPapers)
Date: 1996
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-24414-0_17

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DOI: 10.1007/978-1-349-24414-0_17

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