1. Deutschland im Weltwährungssystem von Bretton Woods.
- Author
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Burhop, Carsten, Becker, Julian, and Bank, Max
- Subjects
BRETTON Woods System ,MONETARY systems ,MONETARY policy ,FISCAL policy ,CURRENCY revaluation ,GOLD markets ,INTEREST rates ,TWENTIETH century ,HISTORY ,ECONOMIC policy - Abstract
The article traces the history of the Bretton Woods monetary system from its inception in the mid-1940s to its collapse in the early 1970s. Focusing particularly on economic, monetary, and fiscal policy in the Federal Republic of Germany during this time period, the authors chart debates in West German politics, in the European Economic Community (EWG/EEC), and internationally on such questions as currency revaluations, the global market for gold, and the contribution of competing interest rate policies, particularly of the German Bundesbank and the U.S. Federal Reserve System, to the breakdown of the monetary system. The influence of the Bretton Woods System on the subsequent system of cooperative monetary policy in the EEC, known as the Snake in the Tunnel, is also considered.
- Published
- 2013
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