Reserve Accumulation (IMF)

According to Strategy Department IMF, in Reserve accumulation and international Monetary Stability – supplementary information: the history of International Monetary System (IMS) starts with the shift from a bimetallic system to the Gold Standard and after negotiations beteween the U.K and U.S. in the 1940s led the emergence of Bretton Woods system, and finishing with the current arrangements centered on floating currencies. See: http://www.imf.org/external/np/pp/eng/2010/041310a.pdf