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Giovanni Tria,Angelo Federico Arcelli

Towards a Renewed Bretton Woods Agreement

Towards a Renewed Bretton Woods Agreement

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Giovanni Tria and Angelo Federico Arcelli trace the history of the Bretton Woods system and argue that it is time to consider a Bretton Woods III. They explain the key mechanisms that drove the system until the United States stopped pegging the dollar to gold in 1971 and how that decision and other developments led to "Bretton Woods II" arrangements.

\n Format: Paperback / softback
\n Length: 55 pages
\n Publication date: 30 May 2021
\n Publisher: Transatlantic Leadership Network
\n


Over seventy-five years ago, in the midst of World War II, delegates from forty-five countries convened in the U.S. state of New Hampshire to establish a global monetary system for the postwar world. These arrangements, forever linked with the New Hampshire town of Bretton Woods, have faced numerous challenges throughout history, yet their fundamental premise, the U.S. dollar serving as the anchor currency for the world, remains remarkably resilient today. In this comprehensive volume, Giovanni Tria and Angelo Federico Arcelli delve into the historical trajectory of the Bretton Woods system, tracing its evolution from the aftermath of World War II to the present day. They elucidate the critical mechanisms that propelled the system until the United States abandoned the gold standard in 1971, leading to what they term "Bretton Woods II" arrangements. They argue that the world we inhabit today differs significantly from the ones that characterized Bretton Wood I or Bretton Woods II, necessitating a fresh perspective. It may be opportune to contemplate the emergence of a Bretton Woods III, in keeping with the spirit of fostering thoughtful deliberation about the future of the transatlantic relationship within the global economic and monetary system. The Transatlantic Leadership Network is proud to present this insightful work by our esteemed authors, contributing to the ongoing dialogue on shaping the global economic landscape.

\n Weight: 86g\n
Dimension: 141 x 215 x 7 (mm)\n
ISBN-13: 9780960012787\n \n

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