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Back to the Future: Small Developing Countries in the International Monetary System

In: The International Monetary and Financial System

Author

Listed:
  • Terrence W. Farrell

Abstract

This fiftieth anniversary of the Bretton Woods Conference which was held in New Hampshire, United States in July 1944, will certainly add to the already voluminous literature on international monetary reform and bring forth both historical and analytical work. There have been several retrospective pieces of work on Bretton Woods, the most recent being perhaps the volume edited by Bordo and Eichengreen (1993). It is in a sense odd to commemorate the anniversary of a system which arguably collapsed in 1971, and which actually operated for a relatively short period from 1958, when the West European countries made their currencies convertible, to August 1971, when President Nixon closed the gold window (Bordo and Eichengreen, 1993).

Suggested Citation

  • Terrence W. Farrell, 1996. "Back to the Future: Small Developing Countries in the International Monetary System," Palgrave Macmillan Books, in: G. K. Helleiner (ed.), The International Monetary and Financial System, chapter 17, pages 452-475, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-24414-0_17
    DOI: 10.1007/978-1-349-24414-0_17
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