The Case For A New Bretton Woods

Author : Kevin P. Gallagher
Publisher : John Wiley & Sons
ISBN 13 : 1509546553
Total Pages : 140 pages
Book Rating : 4.58/5 ( download)

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Download or read book The Case for a New Bretton Woods written by Kevin P. Gallagher and published by John Wiley & Sons. This book was released on 2021-12-07 with total page 140 pages. Available in PDF, EPUB and Kindle. Book excerpt: After the 2008–9 global financial crisis, reforms to promote stability, social inclusion, and sustainability were promised but not delivered. As a result, the global economic situation, marred by inequality, volatility, and climate breakdown, remains dysfunctional. Now, the economic fallout from the Covid-19 pandemic offers us a second chance. Kevin Gallagher and Richard Kozul-Wright argue that we must grasp it by implementing sweeping reforms to how we govern global money, finance, and trade. Without global leaders prepared to boldly rewrite the rules to promote a prosperous, just, and sustainable post-Covid world economic order – a Bretton Woods moment for the twenty-first century – we risk being engulfed by climate chaos and political dysfunction. This book provides a blueprint for change that no one interested in the future of our planet can afford to miss.

Author : Benn Steil
Publisher : Princeton University Press
ISBN 13 : 0691149097
Total Pages : 480 pages
Book Rating : 4.97/5 ( download)

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Download or read book The Battle of Bretton Woods written by Benn Steil and published by Princeton University Press. This book was released on 2013-02-24 with total page 480 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recounts the events of the Bretton Woods accords, presents portaits of the two men at the center of the drama, and reveals Harry White's admiration for Soviet economic planning and communications with intelligence officers.

Author : Barry Eichengreen
Publisher : MIT Press
ISBN 13 : 0262514141
Total Pages : 206 pages
Book Rating : 4.49/5 ( download)

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Download or read book Global Imbalances and the Lessons of Bretton Woods written by Barry Eichengreen and published by MIT Press. This book was released on 2010-01-22 with total page 206 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why the current Bretton Woods-like international financial system, featuring large current account deficits in the center country, the United States, and massive reserve accumulation by the periphery, is not sustainable. In Global Imbalances and the Lessons of Bretton Woods, Barry Eichengreen takes issue with the argument that today's international financial system is largely analogous to the Bretton Woods System of the period 1958 to 1973. Then, as now, it has been argued, the United States ran balance of payment deficits, provided international reserves to other countries, and acted as export market of last resort for the rest of the world. Then, as now, the story continues, other countries were reluctant to revalue their currencies for fear of seeing their export-led growth slow and suffering capital losses on their foreign reserves. Eichengreen argues in response that the power of historical analogy lies not just in finding parallels but in highlighting differences, and he finds important differences in the structure of the world economy today. Such differences, he concludes, mean that the current constellation of exchange rates and payments imbalances is unlikely to last as long as the original Bretton Woods System. Two of the most salient differences are the twin deficits and low savings rate of the United States, which do not augur well for the sustainability of the country's international position. Such differences, he concludes, mean that the current constellation of exchange rates and payments imbalances is unlikely to last as long as the original Bretton Woods System. After identifying these differences, Eichengreen looks in detail at the Gold Pool, the mechanism through which European central banks sought to support the dollar in the 1960s. He shows that the Pool was fragile and short lived, which does not bode well for collective efforts on the part of Asian central banks to restrain reserve diversification and support the dollar today. He studies Japan's exit from its dollar peg in 1971, drawing lessons for China's transition to greater exchange rate flexibility. And he considers the history of reserve currency competition, asking if it has lessons for whether the dollar is destined to lose its standing as preeminent international currency to the euro or even the Chinese renminbi.

Author : James M. Boughton
Publisher : Yale University Press
ISBN 13 : 0300262655
Total Pages : 465 pages
Book Rating : 4.50/5 ( download)

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Download or read book Harry White and the American Creed written by James M. Boughton and published by Yale University Press. This book was released on 2021-11-30 with total page 465 pages. Available in PDF, EPUB and Kindle. Book excerpt: The life of a major figure in twentieth‑century economic history whose impact has long been clouded by dubious allegations Although Harry Dexter White (1892–1948) was arguably the most important U.S. government economist of the twentieth century, he is remembered more for having been accused of being a Soviet agent. During the Second World War, he became chief advisor on international financial policy to Secretary of the Treasury Henry Morgenthau, a role that would take him to Bretton Woods, where he would make a lasting impact on the architecture of postwar international finance. However, charges of espionage, followed by his dramatic testimony before the House Un‑American Activities Committee and death from a heart attack a few days later, obscured his importance in setting the terms for the modern global economy. In this book, James Boughton rehabilitates White, delving into his life and work and returning him to a central role as the architect of the world’s financial system.

Author : Michael D. Bordo
Publisher : University of Chicago Press
ISBN 13 : 0226066908
Total Pages : 692 pages
Book Rating : 4.05/5 ( download)

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Download or read book A Retrospective on the Bretton Woods System written by Michael D. Bordo and published by University of Chicago Press. This book was released on 2007-12-01 with total page 692 pages. Available in PDF, EPUB and Kindle. Book excerpt: At the close of the Second World War, when industrialized nations faced serious trade and financial imbalances, delegates from forty-four countries met in Bretton Woods, New Hampshire, in order to reconstruct the international monetary system. In this volume, three generations of scholars and policy makers, some of whom participated in the 1944 conference, consider how the Bretton Woods System contributed to unprecedented economic stability and rapid growth for 25 years and discuss the problems that plagued the system and led to its eventual collapse in 1971. The contributors explore adjustment, liquidity, and transmission under the System; the way it affected developing countries; and the role of the International Monetary Fund in maintaining a stable rate. The authors examine the reasons for the System's success and eventual collapse, compare it to subsequent monetary regimes, such as the European Monetary System, and address the possibility of a new fixed exchange rate for today's world.

Author : World Bank Group
Publisher : World Bank Publications
ISBN 13 : 1464806551
Total Pages : 272 pages
Book Rating : 4.51/5 ( download)

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Download or read book The World Bank Group A to Z 2016 written by World Bank Group and published by World Bank Publications. This book was released on 2015-10-02 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: The World Bank Group A to Z provides the most concise and essential information about the mission, policies, procedures, products, and services of the new World Bank Group. This second edition is a follow-up to the first volume released for the 2014 Annual Meetings. The World Bank Group A to Z series builds on previous editions of A Guide to the World Bank to include features not found in its predecessors including: a graphical introduction to the World Bank Group, highlighting the Bank Group's goals, financials, regions, and results; examples and photos of Bank Group projects and programs; and tools to guide you to the information you are looking for (even if you don’t know exactly what that is). It also reflects the wide-ranging reforms that have taken place within the World Bank Group in recent years, including the launch of the new World Bank Group Strategy; new approaches to development; the establishment of new Global Practice Groups and Cross Cutting Solutions Areas; and the goal of becoming a "Solutions Bank," one that will marshal the vast reserves of evidence and experiential knowledge across the five World Bank Group agencies and apply them to local problems. With more than 280 entries arranged in encyclopedic A-to-Z format, readers can easily find up-to-date information about the five agencies of the World Bank Group and the wide range of areas in which they work: from agriculture, education, energy, health, social protection and labor to gender, jobs, conflict, private sector development, trade, water and climate change. The World Bank Group's work in all of these areas now focuses on two new twin goals: eliminating extreme poverty by 2030 and boosting shared prosperity of the poorest 40 percent in every developing country.

Author : Ed Conway
Publisher : Hachette UK
ISBN 13 : 140552930X
Total Pages : 445 pages
Book Rating : 4.03/5 ( download)

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Download or read book The Summit written by Ed Conway and published by Hachette UK. This book was released on 2014-05-29 with total page 445 pages. Available in PDF, EPUB and Kindle. Book excerpt: The idea of world leaders gathering in the midst of economic crisis has become all-too familiar. But the summit at Bretton Woods in 1944 was the only time countries from around the world have agreed to overhaul the structure of the international monetary system. And, what's more, they were successful - it was the closest to perfection the world's economy has ever been, and arguably the demise of the Bretton Woods system is behind our present woes. This was no dry economic conference. The delegates spent half the time at each other's throats, and the other half drinking in the hotel bar. The Russians nearly capsized the entire project. The French threatened to walk out, repeatedly. John Maynard Keynes had a heart attack. His American counterpart was a KGB spy. But this summit could be instrumental in preventing World War Three. Drawing on a wealth of unpublished accounts, diaries and oral histories, this brilliant book describes the conference in stunning colour and clarity. Bringing to life the characters, events and economics and written with exceptional verve and narrative pace,this is an extraordinarily accomplished work of history from a talented new writer.

Author :
Publisher : Hoover Press
ISBN 13 : 9780817943332
Total Pages : 40 pages
Book Rating : 4.31/5 ( download)

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Download or read book The Case Against the International Monetary Fund written by and published by Hoover Press. This book was released on with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Mark J Wolff
Publisher : Pacem in Terris Press
ISBN 13 : 9780999608852
Total Pages : 154 pages
Book Rating : 4.51/5 ( download)

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Download or read book Bretton Woods Institutions & Neoliberalism written by Mark J Wolff and published by Pacem in Terris Press. This book was released on 2018-07-10 with total page 154 pages. Available in PDF, EPUB and Kindle. Book excerpt: In July 1944, delegates from forty-four allied nations gathered at the Mount Washington Hotel in Bretton Woods, New Hampshire. The meeting resulted in the creation of the International Bank for Reconstruction and Development ("IBRD"), and the International Monetary Fund ("IMF"). This book demonstrates that current Bretton Woods Institutions' ("BWI") policies must be fundamentally redesigned, since many are archaic, and others are counter-productive to integral sustainable development in the current global economy. Further, the book argues that the dominant nations in the BWI have forced their political agendas on the rest of the world, while hiding behind the veil of these multilateral global financial institutions. The book concludes that the BWI, due to their lending policies and governing structures, have restrained authentic global development. It also proposes alternative strategies for authentic sustainable development through other multilateral global institutions. PROFESSOR MARK J. WOLFF is Professor of Law at Saint Thomas University School of Law in Miami, Florida. He also serves as Legal Counsel and Board Member, Malta Projects of Southeastern Florida, Inc., an affiliate of the American Association of the Sovereign Military Hospitaller Order of Saint John of Jerusalem of Rhodes and of Malta. In addition, he is General Counsel and member of the Board of Directors of Pax Romana-USA, and of the Board of Directors of the Human Rights Institute at St. Thomas University, as well as a Faculty Advisor for the Center for Ethics at St. Thomas University. He formerly served as an International Vice President of Pax Romana / International Catholic Movement for Intellectual and Cultural Affairs, and as Main Representative of Pax Romana at United Nations Headquarters in New York City. He also founded and is Director of the St. Thomas University School of Law's United Nations Externship Program, at United Nations Headquarter in New York City. Currently, he as an Adviser to the Permanent Mission of the Order of Malta to the United Nations Headquarters in New York. In the past, he has served as a member and head of delegations on behalf of the Sovereign Military Hospitaller Order of Saint John of Jerusalem of Rhodes and of Malta at United Nations World Conferences and International Consultative Conferences, and he has addressed the plenary sessions of these Conferences and the General Assembly of the United Nations.

Author : Kevin Danaher
Publisher : South End Press
ISBN 13 : 9780896084957
Total Pages : 228 pages
Book Rating : 4.57/5 ( download)

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Download or read book 50 Years is Enough written by Kevin Danaher and published by South End Press. This book was released on 1994 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: As the World Bank and the International Monetary Fund (IMF) celebrate fifty years of economic dominion over the Third World, this reader brings the best progressive authors together to critique these two main proponents of neo-liberalism. 50 Years is Enough covers such topics as failed development projects, the feminization of poverty, the detruction of the environment, the internal workings of the World Bank and the IMF, and the struggle to build alternatives to neo-liberal policies.It also includes a guide to the many organizations involved in the struggle to reform the World Bank and the IMF.