From Bretton Woods to the idea of a Bretton Woods II systemGRIN Verlag, 29.07.2013 - 14 Seiten Essay from the year 2009 in the subject Economics - Finance, grade: 5 von 5, Free University of Bozen-Bolzano (School of Economics and Management), language: English, abstract: The Bretton Woods institutions – International Monetary Fund (IMF) and International Bank for Reconstruction and Development (IBRD) = World Bank – are based on a hierarchical level of cooperating national states. The function of the International Monetary Fund is to be a reserve bank of industry states, as well as being a controlling body which is supervising the account of payments and the accounts of debits. The duties of World Bank have been defined to coordinate and resolve development and reconstruction aid. (Tetzlaff, S. 47). It was a long way before the Bretton Woods institutions began their work concrete in 1947. From 1942 until the conference in 1944 in Bretton Woods were discussed proposals by different states. Many oft that proposals was presented by the United States and by Great Britain. Some of the fundamental aspects in the discussion presented by the national states were to build up a strong world economic, to influence the capital movement, to provent currency manipulation but also to maintain the national currency and economic policy. Contents: Economic situation until the foundation of Bretton Woods in 1944, Bretton Woods – Theoretic idea, The End of the Bretton Woods System, The Bretton Woods II System in Asia, Euro or Dollar?, Conclusion |
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From Bretton Woods to the Idea of a Bretton Woods II System Michael Frei,Philipp Waldthaler Keine Leseprobe verfügbar - 2015 |
Häufige Begriffe und Wortgruppen
accessed on 20th Alan Greenspan Andersen Bank for Reconstruction Bibliography Bretton Woods Conference Bretton Woods institutions Bretton Woods System Britain bubble can`t China Chinese central bank collaboration conference in 1944 credits decision Deutsche Bank Development IBRD discussion economic relationsships economical problems Euro-Market Europe exchange currency rates exchange rate environment exchange rate peg export financial crisis fixed exchange currency fixed exchange rate fixing currency flexible exchange rate floating exchange rates G7 countries German National Library GRIN Hüfner idea International Bank International Finance Corporation International Monetary Fund Investment Disputes key interest rate KNOWLEDGE HAS VALUE Krumnow/Gramlich lower developed countries MICHAEL FREI Monetary Fund IMF monetary policy money supply multilateral national Central Banks output PHILIPP WALDTHALER possible Bretton Woods quota recommendiations Reconstruction and Development regulate financial markets Schmeißer solution Soviet Union stable prices stock exchange crash subprime crisis Tetzlaff today’s twin deficit United Staates US-Dollar reserves Woods II system World Bank world economy www.GRIN.com