Economia
What was decided at the Bretton Woods summit
ON JULY 1ST 1944 the rich world’s finance experts convened in a hotel in the New Hampshire mountains to discuss the post-war monetary system. The Bretton Woods system that emerged from the conference saw the creation of two global institutions that still play important roles today, the International Monetary Fund (IMF) and the World Bank. It also instituted a fixed exchange-rate system that lasted until the early 1970s. A key motivation for participants at the conference was a sense that the inter-war financial system had been chaotic, seeing the collapse of the gold standard, the Great Depression and the rise of protectionism. Henry Morgenthau, America's Treasury secretary, declared that the conference should “do away with the economic evils—the competitive devaluation and destructive impediments to trade—which preceded the present war.” But the conference had to bridge a tricky transatlantic divide. Its intellectual leader was John Maynard Keynes, the British economist, but the financial power belonged to Harry Dexter White, acting as American President Roosevelt’s representative. - See more at: http://www.economist.com/blogs/economist-explains/2014/06/economist-explains-20#sthash.ejqn0X7F.dpuf
- Sobre Olivier Blanchard
Life, however, takes unexpected turns. On Oct. 1, the same intellectually restless and charismatic Blanchard stepped down as the IMF’s top economist after seven tumultuous years that included the worst financial crisis in a generation, a global recession,...
- Keynes E Os Neo-keynesianos
What Keynes Would Think of ‘Neo-Keynesians’ Unlike his acolytes, he understood the value of gold and the dangers of currency debasement. By Richard Hurowitz Sept. 20, 2015 6:37 p.m. ET 68 COMMENTS ...
- Fim Da Convergência
How poor countries seemed to be catching up with rich ones—and why they are now falling behind again Sep 14th 2014, 23:50 by R.A. Close Save this article Click this to add articles to your Timekeeper reading list. Learn more » IF THE 20th...
- China No Caminho De Padrão Ouro
China continues to hoard gold en masse. In June, China imported 104.6 tonnes from Hong Kong. That would bring China's gold imports from Hong Kong to 1,160 tonnes since the beginning of this year. Officially, China reports its total gold holdings...
- O Sistema Monetário Internacional Da Atualidade
The International Monetary System: Living with Asymmetry Maurice Obstfeld* UC Berkeley, NBER, and CEPR Final draft: November 24, 2011 Abstract This paper analyzes current stresses in the two key areas that concerned the architects of the original...
Economia
Bretton Woods
What was decided at the Bretton Woods summit
ON JULY 1ST 1944 the rich world’s finance experts convened in a hotel in the New Hampshire mountains to discuss the post-war monetary system. The Bretton Woods system that emerged from the conference saw the creation of two global institutions that still play important roles today, the International Monetary Fund (IMF) and the World Bank. It also instituted a fixed exchange-rate system that lasted until the early 1970s. A key motivation for participants at the conference was a sense that the inter-war financial system had been chaotic, seeing the collapse of the gold standard, the Great Depression and the rise of protectionism. Henry Morgenthau, America's Treasury secretary, declared that the conference should “do away with the economic evils—the competitive devaluation and destructive impediments to trade—which preceded the present war.” But the conference had to bridge a tricky transatlantic divide. Its intellectual leader was John Maynard Keynes, the British economist, but the financial power belonged to Harry Dexter White, acting as American President Roosevelt’s representative. - See more at: http://www.economist.com/blogs/economist-explains/2014/06/economist-explains-20#sthash.ejqn0X7F.dpuf
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- Sobre Olivier Blanchard
Life, however, takes unexpected turns. On Oct. 1, the same intellectually restless and charismatic Blanchard stepped down as the IMF’s top economist after seven tumultuous years that included the worst financial crisis in a generation, a global recession,...
- Keynes E Os Neo-keynesianos
What Keynes Would Think of ‘Neo-Keynesians’ Unlike his acolytes, he understood the value of gold and the dangers of currency debasement. By Richard Hurowitz Sept. 20, 2015 6:37 p.m. ET 68 COMMENTS ...
- Fim Da Convergência
How poor countries seemed to be catching up with rich ones—and why they are now falling behind again Sep 14th 2014, 23:50 by R.A. Close Save this article Click this to add articles to your Timekeeper reading list. Learn more » IF THE 20th...
- China No Caminho De Padrão Ouro
China continues to hoard gold en masse. In June, China imported 104.6 tonnes from Hong Kong. That would bring China's gold imports from Hong Kong to 1,160 tonnes since the beginning of this year. Officially, China reports its total gold holdings...
- O Sistema Monetário Internacional Da Atualidade
The International Monetary System: Living with Asymmetry Maurice Obstfeld* UC Berkeley, NBER, and CEPR Final draft: November 24, 2011 Abstract This paper analyzes current stresses in the two key areas that concerned the architects of the original...