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- W1529123994 abstract "[This paper is] a discussion of transformation of international monetary in period immediately following adoption of Bretton Woods agreements. The Bretton Woods architects intended to fashion an international monetary order that would provide maximum autonomy for national economic policy, upending priorities of classical gold standard. This emphasis on national prosperity was reflected in contemporary analyses of both Karl Polanyi and Ragnar Nurske each of whom argued that domestic economic stability needed to form core of new international economic -a concept later termed embedded liberalism by John Rugge. But finally agreed at Bretton Woods was already considerably weaker and less coherent than original plans of either John Maynard Keynes, chief British negotiator of accord, or Harry Dexter White, his American counterpart Disagreements within Roosevelt administration resulted in a much more ambiguous formulation than either of two original architects desired, particularly on issue of control of capital movements. Soon infant faced challenges not only on this front but indeed on all its major postulates. Within a generation, practices of the Bretton Woods system were so completely different from its founding precepts that even leading scholars had confused two-and not just superficially." @default.
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- W1529123994 date "2003-01-01" @default.
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- W1529123994 title "The myth of Bretton Woods" @default.
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