Constitutional Ignorance Reigns Supreme on Capitol Hill Nov 10, 2009
This thing called Multilateral Financial System for the world to take the place of our International System that was created after World War II at the Bretton Woods conference. This really does scare me more than any of our domestic issues because I still believe in the American spirit of sheer will and we will overcome any weakness in our domestic system; but if our leaders in the White House are creating this smoke screen so that a bigger force can try and destroy our way of life, we are in... (Atlanta Journal-Constitution -- Opinion)
* New financial system must reflect reality and sound principles Nov 7, 2009
A new Bretton Woods conference, like the one that established the post-World War II international financial architecture, is needed to establish new international rules, including treatment of financial institutions that are too big to fail and the role of capital controls. It would also have to reconstitute the IMF to reflect better the prevailing pecking order among states and to revise its methods of operation. (Taipei Times, Taiwan -- World)
* Monetary chaos once again rears its ugly head Nov 7, 2009
The only successful instance of such an arrangement is the Bretton Woods conference in 1944, but even then the exchange rates that were fixed there proved unrealistic and a major wave of parity alterations was soon needed (as well as the maintenance of exchange controls). Other currency-centered conferences were dismal failures. (Taipei Times, Taiwan -- World)
Soros: Double-Dip Global Recession Possible Oct 31, 2009
The world financial system needs to be reinvented to prevent a repeat of the crisis, Soros told a lecture in Budapest, calling for a new Bretton Woods conference to revise the IMF's methods of operation and consider new rules to control capital movements. "I regret to tell you that the recovery is liable to run out of steam and may even be followed by a 'double dip,' although I am not sure whether it will occur in 2010 or 2011," Soros said. (Newsmax)
* Head of World Bank optimistic about new economic order Oct 6, 2009
The IMF and World Bank were set up at the Bretton Woods conference in 1944 and their governance still reflects the dynamics of the 1940s ... The IMF and World Bank were set up at the Bretton Woods conference in 1944 and their governance still reflects the dynamics of the 1940s. (Taipei Times, Taiwan -- World)
65th anniversary of historic NH conference Jul 23, 2009
BRETTON WOODS, N.H. (AP) -- It's been 65 years since the 1944 Bretton Woods conference in New Hampshire laid the groundwork for the International Monetary Fund and the World Bank. At the conference, which concluded on July 22, representatives of 44 countries met at the Mount Washington Hotel. (Concord Monitor)
Can IMF be global banker? Jul 4, 2009
We have to understand a bit of history to understand the IMF. The IMF and the World Bank were created in 1945 under the famous Bretton Woods Conference. There was a famous debate between the economic advisor to the US Treasury, Harry White and Lord John Maynard Keynes, the most famous economist of his generation, who wanted a global central bank and a global development fund. (The Star Online, Malaysia -- Business)
Is the dollar history? May 8, 2009
The second issue regarding the role of the dollar as the principal reserve currency also came in for some discussion with suggestions about the need for a second Bretton Woods conference to reform the global financial architecture. As in the 1940s, the discussion has centred around world liquidity and the dollars hegemony. (India Times)
International Monetary Fund 2.0 Apr 10, 2009
Even in its revamped form, the IMF will be less of a significant player on the world stage than its founders intended at the Bretton Woods conference in 1944. Back then, the resources allocated to the IMF amounted to more than half of the world's current account payments. (Time.com)
The G-20's summit of fear Apr 2, 2009
The London meeting will last one day; the Bretton Woods conference was a tough 21-day working session ... The Bretton Woods Conference created new multilateral institutions and rules to manage the postwar world ... The meeting, like the Bretton Woods Conference, would be an inclusive process, and like Bretton Woods it should be a working session lasting several weeks. (Asia Times Online)
* We need yesterdays heroes Mar 5, 2009
But the war also brought us the welfare state and the 1944 Bretton Woods conference, leading to the IMF, the World Bank, the General Agreement on Tariffs and Trade (now the WTO) and a body to implement the Marshall Plan for the reconstruction of Europe. This body evolved into the Organization for Economic Cooperation and Development. (Taipei Times, Taiwan -- Sports)
Fighting Global Crisis Isn't Meant to Be Easy Mar 2, 2009
Three criticisms: The original Bretton Woods Conference in 1944 lasted three weeks and was preceded by more than two years of technical groundwork. Two, the Doha round is effectively dead until global growth picks up. (Bloomberg -- Columnists)
Obama urges quick action on Wall Street reform Feb 26, 2009
The G20 comprised of the United States and major European economies as well as fast-growing economies like China is looking at how to reshape the financial regulatory system that was largely shaped toward the end of World War Two at the 1944 Bretton Woods conference. Turmoil throughout the banking and financial system caused by the subprime mortgage crisis is at the core of the recession that has spread worldwide. (USA Today -- Money)
Advanced Economies in `Depression' Now, Worse May Come, Strauss-Kahn Says Feb 8, 2009
The IMF and the World Bank were set up at the 1944 Bretton Woods conference. The IMF was designed to prevent crises in the international monetary system and to provide financing to distressed countries. (Bloomberg -- Germany)
