And now for something completely different, as Monty Python might say. Many of you know that I used to work at the International Monetary Fund (IMF). The IMF - along with the World Bank - was born in 1944 after forty-four allied nations gathered in Bretton Woods, New Hampshire. The two lead negotiators at this conference were U.S. Treasury official Harry Dexter White and eminent British economist John Maynard Keynes. The agreement they reached gave rise to the Bretton Woods system of fixed exchange rates anchored to the U.S dollar, and held in place by capital controls and strict financial regulation. This international stability formed the backdrop to the “thirty golden years” of rising and shared prosperity.
Bretton Woods Rap Battle
Bretton Woods Rap Battle
Bretton Woods Rap Battle
And now for something completely different, as Monty Python might say. Many of you know that I used to work at the International Monetary Fund (IMF). The IMF - along with the World Bank - was born in 1944 after forty-four allied nations gathered in Bretton Woods, New Hampshire. The two lead negotiators at this conference were U.S. Treasury official Harry Dexter White and eminent British economist John Maynard Keynes. The agreement they reached gave rise to the Bretton Woods system of fixed exchange rates anchored to the U.S dollar, and held in place by capital controls and strict financial regulation. This international stability formed the backdrop to the “thirty golden years” of rising and shared prosperity.