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Issues and Actors in Monetary Relations Today

  • Benjamin J. Cohen

Abstract

The death of the Bretton Woods system reopened the whole Pandora’s box of monetary reform. A life cycle of the monetary order had ended. Here was an opportunity to redesign completely all the rules and conventions governing the financial conduct of nations—in effect, to write a brand-new constitution for the monetary system. The purpose of this chapter is to examine how governments responded to this opportunity after 1971 and, as a prelude to Part II, to outline the principal issues and actors in monetary relations today.

Keywords

Exchange Rate Bretton Wood System Liquidity Creation Policy Autonomy Monetary Reform 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Notes

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Copyright information

© Basic Books 1977

Authors and Affiliations

  • Benjamin J. Cohen

There are no affiliations available

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