During the 20th century, an epochal change characterized the evolution of the international monetary system: the transition from the commodity standard to the fiat money standard. This gradual transition between the Great War and the suspension of the convertibility of the dollar in August 1971 is the interpretative key to the agreements signed at Bretton Woods in 1944. The Bretton Woods monetary order represents the last, ephemeral attempt to keep a link with the commodity standard. The basis of this transition process is the interaction between the strong imbalances of the economy and international finance in the period between the wars and the advancement of monetary theory, which had a crucial influence in the approach to a pure sign money.
IX - The Bretton Woods Agreements. Building an International Monetary Orderby Filippo Cesarano
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- IX - The Bretton Woods Agreements. Building an International Monetary Order pdf 83.8 KB by Filippo Cesarano (CONTENTS OF THE VOLUME) Data pubblicazione: 31 December 2000
- IX - The Bretton Woods Agreements. Building an International Monetary Order (only in Italian) pdf 9.6 MB by Filippo Cesarano Data pubblicazione: 31 December 2000