Ideology and the International Economy : The Decline and Fall of Bretton Woods
by
R. Leeson
Book Details
Format
Hardback or Cased Book
ISBN-10
1403903700
ISBN-13
9781403903709
Publisher
Palgrave USA
Imprint
Palgrave Macmillan
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Sep 9th, 2003
Print length
242 Pages
Ksh 16,200.00
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For twenty-five years, the International Monetary Fund administered a worldwide system of fixed exchange rates until their system was destroyed by a combination of market forces and those who advocated market forces.
Ideology and International Economy is the first major study of the intellectual and institutional forces which combined to undermine the Bretton Woods system of fixed exchange rates. In two decades, Milton Friedman''s "case for flexible exchange rates" was transformed from a minority academic viewpoint to the operational framework for the international monetary system. In the process, the International Monetary Fund was defeated, sidelined and in danger of becoming an irrelevant organization.
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