Bretton woods

Bretton woods

An agreement signed in 1944 at Bretton Woods, New Hampshire, USA, to effect a post-war international monetary system. This was the origin of the International Monetary Fund (IMF) 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 In 1971 the dollar ceased to be convertible into gold and the Bretton Woods system exchange rate system was superseded by floating currencies. See also IMF and World Bank.

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Part of Speech: noun
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Industry/Domain: Financial services
Category: General Finance
Company: Reuters
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Related terms

Bretton Woods

Economy; Economics

A conference held at Bretton Woods, New Hampshire, in 1944, which designed the structure of the international monetary system after the second world war and set up the IMF and the ...

Bretton Woods

Economy; International economics

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bretton woods

Financial services; General Finance

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Bretton Woods

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Financial services; General Finance

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