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the early 1930s. In his view, the growth of foreign exchange reserves after World War Two repeated, but on a much larger … scale, their similar expansion after the First World War. Triffin argued that the gold exchange standard had been a highly …
Persistent link: https://www.econbiz.de/10014550326
Robert Triffin became famous with his trenchant analyses of the vulnerabilities of the Bretton Woods system. These are still at the center of many discussions today. This paper argues that there is a remarkable continuity in Triffin's work. From his earliest writings, Triffin developed a vision...
Persistent link: https://www.econbiz.de/10011590451
How does international monetary leadership end? This paper examines the decline of the Sterling Area between 1945 and 1979 to understand the process of international economic disintegration. Using an original cross-national panel dataset, we conduct survival analysis which systematically...
Persistent link: https://www.econbiz.de/10012496627
Robert Triffin became famous with his trenchant analyses of the vulnerabilities of the Bretton Woods system. These are still at the center of many discussions today. This paper argues that there is a remarkable continuity in Triffin's work. From his earliest writings, Triffin developed a vision...
Persistent link: https://www.econbiz.de/10013096406
Especially with the Asian financial crisis of 1997-1998, Asian countries have advocated a profound reform of the international financial architecture. Their proposals focused on two main axes: a reform of the global financial system and stronger regional monetary integration in Asia. There are...
Persistent link: https://www.econbiz.de/10012816821
Robert Triffin became famous with his trenchant analyses of the vulnerabilities of the Bretton Woods system. These are still at the center of many discussions today. This paper argues that there is a remarkable continuity in Triffin's work. From his earliest writings, Triffin developed a vision...
Persistent link: https://www.econbiz.de/10011506760
How do policy makers manage the decline of an international currency? This paper examines British policy towards the pound sterling's international role in the years 1968-74. Using previously uncited government archival sources, we revisit the view that the 'sterling agreements' of 1968-74,...
Persistent link: https://www.econbiz.de/10014338089
This paper provides a historical background to contemporary debates on the international monetary system: their genesis, similarities, and differences of problems it has faced at different times. It looks sequentially at the design of the Bretton Woods system; the tensions it faced since the...
Persistent link: https://www.econbiz.de/10011532296
Persistent link: https://www.econbiz.de/10003906698
Persistent link: https://www.econbiz.de/10012387009