Lessons from the 1970s for international monetary reform

IF 2.1 2区经济学 Q2 ECONOMICS

Oxford Review of Economic Policy Pub Date : 2023-04-10 DOI:10.1093/oxrep/grad001

Barry Eichengreen

引用次数: 2

Abstract

The collapse of the Bretton Woods System in 1971–3 led to ambitious efforts to reform the international monetary system, mainly through the deliberations of the Committee of Twenty (C-20). Many of the issues considered by the C-20 will be familiar to aficionados of twenty-first century discussions of international monetary reform. Ultimately, attempts to reach a consensus in the C-20 were unsuccessful. This paper seeks to identify explanations for that failure in an effort to limit the likelihood that it will be repeated.

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20世纪70年代国际货币改革的经验教训

布雷顿森林体系在1971-3年的崩溃导致了改革国际货币体系的雄心勃勃的努力，主要是通过二十国委员会（C-20）的审议。C-20考虑的许多问题对于21世纪国际货币改革讨论的爱好者来说都很熟悉。最终，试图在C-20中达成共识的努力没有成功。本文试图找出失败的原因，以限制失败再次发生的可能性。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Oxford Review of Economic Policy ECONOMICS-

CiteScore

12.50

自引率

1.50%

发文量

期刊介绍： The Oxford Review of Economic Policy is a refereed journal which is published quarterly. Each issue concentrates on a current theme in economic policy, with a balance between macro- and microeconomics, and comprises an assessment and a number of articles. It gives a valuable appraisal of economic policies worldwide. While the analysis is challenging and at the forefront of current thinking, articles are presented in non-technical language to make them readily accessible to all readers. The Oxford Review is aimed at a wide audience including government, business and policy-makers, as well as academics and students. It is required reading for those who need to know where research is leading.