Definitions for "Bretton Woods"
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Bretton woods agreement, International monetary fund, Imf, International monetary system, Bretton woods institutions, Monetary union, Special drawing right, Special drawing rights, European monetary system, Eurosystem, Sdr, Economic and monetary union, International bank for reconstruction and development, Emu, European monetary union, European central bank, World bank, Ecb, Structural adjustment, European currency unit, Ibrd, Euromarket, Group of ten, Exchange rate mechanism, Gold exchange standard, Exchange control, Euro zone, Bank for international settlements, Euro, International development association, Economic union, Eurocurrency, Reserve currency, Central bank, Organisation for economic cooperation and development, Mercantilism, Escb, European bank for reconstruction and development, Bank of england, Organisation for economic co-operation and development, Maastricht treaty, Eurodollar, Exchange controls, Country risk, Isolationism, International, Bba, Organization for economic cooperation and development, Eurozone
The location of the historic conference held in 1944, to establish the first foreign exchange system which was tied to US Dollars that were in turn backed by gold.
The international monetary system created in 1944 to stabilize international exchange rates and control international finances following the Great Depression and World War II. The Bretton Woods system collapsed in 1971 when the US abandoned the gold standard.
A town in New Hampshire at which a 1944 conference launched the IMF and the World Bank. These, along with the GATT/ WTO became known as the Bretton Woods Institutions, and together they comprise the Bretton Woods System.
The site in New Hampshire, U.S., of an international conference in 1944 which resulted in the establishment of the World Bank and the International Monetary Fund.
An international monetary system operating from 1946-1973. The value of the dollar was fixed in terms of gold, and every other country held its currency at a fixed exchange rate against the dollar; when trade deficits occurred, the central bank of the deficit country financed the deficit with its reserves of international currencies.
The site of the conference which in 1944 led to the establishment of the post war foreign exchange system that remained intact until the early 1970s. The conference resulted in the formation of the IMF. The system fixed currencies in a fixed exchange rate system with 1% fluctuations of the currency to gold or the dollar.
Shorthand for international financial system that emerged from the Bretton Woods conference in the US after the second world war. The system operated from 1946-1971 with fixed exchange rates as its centrepiece. The value of the dollar was fixed in terms of gold, and every other country held its currency at a fixed exchange rate against the dollar. The system broke down when President Richard Nixon severed the dollar's link to gold.
Agreement of 1944 - An agreement that established fixed foreign exchange rates for major currencies, provided for central bank intervention in the currency markets, and pegged the price of gold at US $35 per ounce. The agreement lasted until 1971, when President Nixon overturned the Bretton Woods agreement and established a floating exchange rate for the major currencies.
A 1944 conference of 44 nations seeking to establish a framework for post-war global economy, based on Keynesian economics. Trade & Economy
An agreement, signed by 44 nations in 1944 at Bretton Woods, New Hampshire, USA, to effect a post-war international monetary system. From this came the creation of the International Monetary Fund and the World Bank. The system was based on fixed exchange rates combined with temporary financing facilities to overcome crises. In 1971 the dollar ceased to be convertible into gold at the then 35 dollars per ounce official price and that element of the Bretton Woods system was superseded by an era of floating currencies.
A town in New Hampshire, famous for a major international meeting in 1944 where world leaders mapped out a common strategy for the post WWII economy. This led to the formation of the Bretton Woods institutions: The World Bank; the International Monetary Fund (IMF) and the General Agreement of Tariffs and Trade (GATT).
a series of multilateral agreements on international economic relations that were reached in July 1944 at Bretton Woods (New Hampshire, US) following the end of the Second World War. Bretton Woods is the term used to refer to the system of fixed exchange rates and the liberalization of trade (through the General Agreement on Tariffs and Trade - GATT), as well as the establishment of the International Monetary Fund and the International Bank for Reconstruction and Development (now called the World Bank). The founders of the system were John Maynard Keynes (of the United Kingdom) and Harry Dexter White (of the United States). Both men were economists with differing views for the construction of the post-war international economic order. The Bretton Woods System is widely thought to be a compromise between the two proposals.
The Bretton Woods Institutions, with the role of becoming the largest lenders to governments of developing countries. The World Bank and its sister organization, the International Monetary Fund (IMF), were created at Bretton Woods, New Hampshire in 1944. The accord of Bretton Woods established a fixed exchange rate regime, whose aim was to provide stability in the world economy after the Great Depression and World War II. This accord fixed exchange rates of major currencies to the US-dollar and set the price of gold to $35 USD/oz. This accord also required central bank intervention to maintain the fixed exchange rates. The US central bank was required to exchange dollars for gold, which eventually led to the demise of this system when demand for the US-dollar declined coupled with gold reserves. This forced US President Nixon to stop the exchange for dollars for gold thus ending the system in 1971.
The site in New Hampshire of a US-sponsored international conference in 1944 which resulted in the establishment of the World Bank and the International Monetary Fund.