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Bretton Woods

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Bretton Woods

Township in New Hampshire, USA, where the United Nations Monetary and Financial Conference was held in 1944 to discuss post-war international payments problems. The agreements reached on financial assistance and measures to stabilize exchange rates led to the creation of the International Bank for Reconstruction and Development (World Bank) and the International Monetary Fund (IMF).

There were 44 nations represented at the conference, which considered proposals by the US, UK, and Canadian governments. The IMF became a specialized agency of the UN in 1947. The ‘Bretton Woods’ system was based on a policy of fixed exchange rates pegged to the dollar, the elimination of exchange restrictions, currency convertibility, and a multilateral system of international payments.



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? Mentioned in ? References in periodicals archive
 
What is equally striking is the constant reluctance of the developed nations to endow the General Assembly, and indirectly the Council, with effective powers on the allocation of international funds while still in favour of retaining the power of the Bretton Woods institutions, over which the Group of Eight (G-8) has effective control.
The Economic and Social Council, the Group of Eight and the ... by Hannema, Sybren Elias / UN Chronicle
Its despicable dealings with the Nazis in receiving and laundering the shipments of plunder explain why the 1944 Bretton Woods Agreement establishing the IMF and the World Bank also called for the abolition of the BIS.
BIS birthday blues: uneasy times as the Bank for International ... by Engelen, Klaus C. / The International Economy
Trippon, CPA, Bretton Woods Press, Bellaire, Texas, www.
Countdown to your client's retirement by Journal of Accountancy
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