Bretton woods system

Bretton Woods system
Definition: An arrangement of fixed exchange rates which operated between 1945 and 1971. The system was negotiated at the Bretton Woods conference in 1944.
Related glossary term: ...

Bretton Woods system: The international monetary framework of fixed exchange rates after World War II. Drawn up by the U.S. and Britain in 1944. Keynes was one of the architects. The meetings occurred at Bretton Wood, New Hampshire, in the U.S.

Bretton Woods System
Bretton Woods Conference
Bretton Woods is a ski resort chosen as a location for a conference in 1944 to decide on the new international monetary arrangements for after the end of the Second World War.

Bretton Woods system the international monetary system put in place after World War II; it was based on fixed exchange rates. Infrequent adjustments of the exchange rates were permitted and did occur under the Bretton Woods system. (31) ...

Bretton Woods system
World Bank Â- International Monetary Fund Â- International Bank for Reconstruction and Development Â- International Finance Corporation Â- International Development Association Â- Multilateral Investment ...

Bretton Woods system
World Bank umbrella organization (International Bank for Reconstruction and Development Â- International Finance Corporation Â- International Development Association Â- Multilateral Investment Guarantee Agency ...

As a result the Bretton Woods system proved to be inadequate. A new system of international settlements was established in 1973, the Jamaican Monetary System operating today. Since then, the currencies have not been tied to the U.S.

Instead, the Bretton Woods System that emerged was based on the U.S. dollar. See also new bancor.
Bank for International Settlements ...

In the monetary policy field, cooperation at the BIS in the immediate aftermath of the Second World War and until the early 1970s focused on implementing and defending the Bretton Woods system.

The collapse of the Bretton Woods system of fixed exchange rates (see foreign exchange) resulted in an upward spiral of inflation and interest rates.

Nixon's move also denatured the Bretton Woods system and left the International Monetary Fund, ...

Between 1946 and 1971 the Bretton Woods system of fixed exchange rates employed a modified gold standard. Countries settled their international balances in U.S. dollars and the U.S.

There was little activity for much of the 20th century, due to capital and currency controls, but the 1973 collapse of the Bretton Woods system opened the door for the emergence of today's active markets.

See also: Bretton woods, Banks, Central banks, World Bank, International Monetary Fund