countries. But not having the escape clause has meant that present day Greece and other peripheral European countries have …

countries. But not having the escape clause has meant that present day Greece and other peripheral European countries have …

An analogy has been made between the collapse of the Bretton Woods system in 1971 and the recent Eurozone crisis. The … (analogous to Germany today).However Bretton Woods is very different from the Eurozone in many dimensions. An even better analogy … mechanism for the Eurozone. In the early 1930s massive gold flows from the interior, hard hit by banking panics, to New York …

An analogy has been made between the collapse of the Bretton Woods system in 1971 and the recent Eurozone crisis. The …However Bretton Woods is very different from the Eurozone in many dimensions. An even better analogy than BWS is a … Eurozone. In the early 1930s massive gold flows from the interior, hard hit by banking panics, to New York City were similar to …