oussama94
05-28-2017, 19:31
Of the three aforementioned parameters, only the first point is still in
existence today. The organizations formed as a direct result of Bretton
Woods include the International Monetary Fund (IMF), World Bank, and
General Agreement on Tariffs and Trade (GATT), which are still in existence
today and play a crucial role in the development and regulation of
international economies. The IMF, for instance, initially enforced the price
of $35 per ounce of gold that was to be fixed under the Bretton Woods
system, as well as the fixing of exchange rates that occurred while Bretton
Woods was in operation (and the financing required to ensure that fixed exchange
rates would not create fundamental distortions in the international
economy).
existence today. The organizations formed as a direct result of Bretton
Woods include the International Monetary Fund (IMF), World Bank, and
General Agreement on Tariffs and Trade (GATT), which are still in existence
today and play a crucial role in the development and regulation of
international economies. The IMF, for instance, initially enforced the price
of $35 per ounce of gold that was to be fixed under the Bretton Woods
system, as well as the fixing of exchange rates that occurred while Bretton
Woods was in operation (and the financing required to ensure that fixed exchange
rates would not create fundamental distortions in the international
economy).