The operation and demise of the Bretton Woods system; 1958 to 1971 by Michael D. Bordo published by NBER (2/2017). “This chapter revisits the history of the origins, operation and demise of the Bretton Woods International Monetary System…As it turned out, after 1965 the key problem facing the global economy was inflation, not deflation, reflecting expansionary Federal Reserve policies to finance the Vietnam war and the Great Inflation…”
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