[This paper is] a discussion of the transformation of the international monetary system in the period immediately following the adoption of the Bretton Woods agreements. The Bretton Woods architects intended to fashion an international monetary order that would provide maximum autonomy for...

[This paper is] a discussion of the transformation of the international monetary system in the period immediately following the adoption of the Bretton Woods agreements. The Bretton Woods architects intended to fashion an international monetary order that would provide maximum autonomy for...

[From the precis]. This study provides a multi-dimensional analysis of the decision of British policy makers to join the exchange rate mechanism (ERM) of the European Monetary System (EMS) in October 1990, British monetary authorities are obliged to function within several different spheres...