Transcript of the IMFC Press Briefing Oct 5, 2009
Don t forget that the Bretton Woods agreement came at the end of three years of work. You do not change an institution such as the IMF, even though for its smallest detail, without very detailed studies. (IMF News)
New Report Exposes Special Interests Tied to Cap-and-Trade Bill Oct 1, 2009
It took a second world war before the Bretton Woods Agreement of 1944 lowered trade barriers again [from those imposed by the Smoot Hawley Act of 1930. The report describes how emission allowances were given away free to buy votes. (Human Events Online)
* The shift in the global economy Aug 17, 2009
The 1944 Bretton Woods agreement, which has driven thinking since, placed no obligations on savers to correct global imbalances. The onus was put on countries with deficits to take corrective action. (Taipei Times, Taiwan -- World Business)
End of the dollar? How smuggler incident boosted tension about US currency... Jun 21, 2009
At first this was something enshrined in the Bretton Woods agreement of 1944, which fixed world currencies to the dollar, but although that system broke down in the 1960s and 1970s, it has remained the de facto currency of choice. In a globalised world, with trade being carried out between hundreds of different nations by thousands of different companies, having an international standard makes sense: it enables traders to exchange goods more quickly and efficiently than they would have done... (The Drudge Report)
A brief history of gold prices Feb 25, 2009
- August 1971 - U.S. President Richard Nixon takes the U.S. dollar off the gold standard, which had been in place with minor modifications since the Bretton Woods Agreement of 1944 fixed the conversion rate for one Troy ounce of gold at $35. - August 1972 - The United States devalues the dollar to $38 per ounce of gold. (Globe and Mail -- Business)
An economic bright spot in New Hampshire Feb 20, 2009
BRETTON WOODS BACK IN THE NEWS Today, it is a ski resort in America's White Mountains, but in 1944, it was best known as the site of a major economic conference (International Herald Tribune -- Health)
European finance ministers to attack Alistair Darling over ... Feb 14, 2009
They will ask him to consider direct action to increase the value of the pound, which has suffered its worst devaluation since at least the final breakdown of the Bretton Woods agreement in the early 1970s. It came as the pound dropped further against a range of currencies, following the Bank of England's unexpected acknowledgement earlier this week that it plans to start buying gilts imminently as part of its quantitative easing efforts. (Telegraph.co.uk)
