Definition:
Bretton Woods Agreement
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Bretton Woods refers to the international monetary system that prevailed from the end of World War II until the early 1970s.Its name comes from the site of the 1944 conference that created the International Monetary Fund (IMF) and World Bank.
Bretton Woods was a monetary order that governed currency relations among sovereign states. It combined binding legal obligations with multilateral decision-making conducted through the IMF, endowed with limited supranational authority.
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July 26, 2010 | Carl Smith
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