RISE AND FALL OF BRETTON WOODS
Kristijan Gavranić, Dejan Milеtić
Pagini: 343-352
Publicat: 21 Aug 2015
Vizualizări: 4,204
Descărcări: 680
Rezumat: The aim of this research is to reveal the causes that brought to the collapse of The Bretton Woods system based on the convertibility of gold to the US dollar, fixed but adjustable exchange rates, and the election of one national currency as a world currency. Based on analysis of the ratio between gold reserves and currencies, it can be concluded that due to the sudden increase in demand for commodities, and gold as a means of payment, there is a deviation from the golden rule and the attachment of currency to gold, in order to protect their own gold reserves. In the case of Bretton Woods agreement, unwillingness of the United States to, based on similar circumstances, devalue US dollar, and the desire to protect their own gold reserves, leading to collapse of The Bretton Woods system.
Cuvinte cheie: gold, gold standard, currency, exchange rate, devaluation, bretton woods system, international monetary fund
Citează acest articol: Kristijan Gavranić, Dejan Milеtić. RISE AND FALL OF BRETTON WOODS. Journal of International Scientific Publications: Economy & Business 9, 343-352 (2015). https://www.scientific-publications.net/en/article/1000873/
Înapoi la cuprinsul volumului
© 2025 The Author(s). This is an open access article distributed under the terms of the
Creative Commons Attribution License https://creativecommons.org/licenses/by/4.0/, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. This permission does not cover any third party copyrighted material which may appear in the work requested.
Disclaimer: The Publisher and/or the editor(s) are not responsible for the statements, opinions, and data contained in any published works. These are solely the views of the individual author(s) and contributor(s). The Publisher and/or the editor(s) disclaim any liability for injury to individuals or property arising from the ideas, methods, instructions, or products mentioned in the content.
