Abstract
The present international monetary system, is generally called the “post-Bretton Woods” system. Literally, it has inherited some features from its predecessor, the Bretton Woods system (1945–1971), which was established as a post-war arrangement and an attempt for reconstruction of the world financial order.
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Notes
- 1.
On March 23, 2009, Mr. Zhou Xiaochuan-Governor of the People’s Bank of China issued a far-reaching proposal for diversification away from the U.S. dollar in international standard toward a supranational currency based on the IMF’s SDRs.
- 2.
In this proposal released in late October, the Pontificate Council in Vatican calls for “New World Economic Authority” including a “Global Central Bank” and tax on the financial transaction.
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Wang, J. (2016). Introduction. In: The Past and Future of International Monetary System. SpringerBriefs in Economics. Springer, Singapore. https://doi.org/10.1007/978-981-10-0164-2_1
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DOI: https://doi.org/10.1007/978-981-10-0164-2_1
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Publisher Name: Springer, Singapore
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Online ISBN: 978-981-10-0164-2
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