A detailed exploration of the Bretton Woods System, the international monetary framework established in 1944 that featured fixed exchange rates and positioned the US dollar as the world's primary reserve currency.
The Bretton Woods Conference was a seminal meeting in 1944 that established a framework for international monetary cooperation and fixed exchange rates.
The Smithsonian Agreement of December 1971 marked the end of the fixed exchange rate system established at the Bretton Woods Conference, transitioning to floating exchange rates.
A comprehensive explanation of currency pegs, their operational mechanisms, historical context, and implications in the global economy.
