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.iquest; The capture of the Bretton Woods institutions, the International Monetary Fund and World Bank, has been widely noted by … spending on World War Two and the two most expensive Cold War programs, the Marshall Plan and the G.I. Bill of Rights. Federal …
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A recent contribution to the literature argues that the present international monetary system in many ways operates like the Bretton-Woods system. Asia is the new periphery of the system and pursues an export-led development strategy. The members of the new periphery peg their currencies to the...
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