Template-Type: ReDIF-Article 1.0

Author-Name: Agnes Solti
Author-Workplace-Name: Magyar Nemzeti Bank
Author-Email: soltia@mnb.hu
Author-Person:  

Title: The Bretton Woods System as the Cornerstone of the United States' Hegemony

Abstract: The Bretton Woods agreement was the most important milestone in the
development of the financial system that characterised the new world order after
the Second World War. Amidst the ongoing war, on 1 July 1944, 730 representatives
from 44 Allied countries met at Bretton Woods to lay the foundations for a new
international monetary regime after the end of the global conflict. It also meant
a significant strengthening of the United States of America and the consolidation of
the economic foundations of the Pax Americana. In this flashback, we focus on the
shaping of US interests, the details of the Keynes-White debate and the long-term
effects of the Bretton Woods system.

Classification-JEL:
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Pages: 186-204
Volume: 23
Issue: 2
Year: 2024
File-URL: https://en-hitelintezetiszemle.mnb.hu/letoltes/fer-23-2-fa3-solti.pdf
File-Format: Application/pdf
Handle: RePEc:mnb:finrev:v:23:y:2024:i:2:p:186-204