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Bookmark or Share- What is the Bretton Woods Agreement? - The World Economic ForumThe Bretton Woods Agreement was signed in July 1944 by 44 countries at the UN Monetary and Financial Conference in the US town of Bretton Woods. The aim of the deal was to create a new system of economic order and international cooperation that would help countries recover from the Second World War and provide the conditions for long-term ...
- Yanis Varoufakis: Imagining a new Keynesian Bretton WoodsZhou Xiaochuan, the governor of China’s central bank, suggested so in early 2009, lamenting that Bretton Woods had not embraced Keynes’s proposal. Two years later, Dominique Strauss-Kahn, then-Managing Director of the International Monetary Fund, was asked what he thought the IMF’s post-2008 role ought to be.
- Does global finance need a new Bretton Woods?The Bretton Woods agreement – which is 70 years old this month – established three institutions to promote law and order in international economic relations: The IMF, to promote macroeconomic stability; The GATT (and its successor, the WTO), to ensure an open trading environment; The World Bank, to provide development finance for poverty ...
- Can the IMF and World Bank meetings drive economic recovery?The IMF and World Bank, established at the 1944 Bretton Woods Conference, play distinct but complementary roles in the global economy. The IMF oversees the international monetary system, provides short-term financial support to countries in crisis, and helps maintain currency stability.
- How to understand policy trilemmas | World Economic ForumBut such grand compacts – of which the best historical example is the 1944-1945 settlement that included Bretton Woods – are hard to achieve without a substantial measure of fear. The equivalent today of the time pressure that existed at the end of the WWII is an urgent but also uncontrollably global crisis.
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