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Bretton Woods and the Reconstruction of Europe

Lee Ohanian, Diana Van Patten, Mark Wright and Paulina Restrepo-Echavarria
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Diana Van Patten: UCLA

No 665, 2019 Meeting Papers from Society for Economic Dynamics

Abstract: The Bretton Woods international financial system, which was in place from roughly 1949- 1973, is the most significant modern policy experiment to attempt to simultaneously manage international payments, international capital flows, and international currency values. This paper addresses the questions of (1) how and why Bretton Woods failed, and (2) the implications of its failure for world economic activity after 1973.

Date: 2019
New Economics Papers: this item is included in nep-his and nep-mon
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