Tag: Bretton Woods System

  • Bretton Woods System: The Monetary and Exchange Rate Management

    Bretton Woods System: The Monetary and Exchange Rate Management

    The Bretton Woods System is the monetary and exchange rate management system. Representatives of 45 major economies met at Bretton Woods, USA, in July 1944 to finalize a new Exchange Rate System based on the stability and flexibility to be universally implemented after the Second World War. Deliberation during this meeting resulted in the formation […]