Titlebook: Building Trust in the International Monetary System; The Different Cases Giovanni Battista Pittaluga,Elena Seghezza Book 2021 The Editor(s

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The Bretton Woods System,s in the gold standard, on a fiat money, the dollar. Over time, the changing dynamics of inflation and productivity made the Bretton Woods system less attractive to the advanced countries, in particular the USA. On August 15, 1971 President Nixon suspended the convertibility of the dollar and the Br

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,Introduction: The Main Features of the International Money’s Evolution, is at the heart of the current system, has gained momentum. The contrasting views on these issues reflect differing theories on the origin of international money. Just as in the national sphere, so in the international sphere the evolution of money has been characterized by the transition from comm

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The Gold-Exchange Standard, Its Collapse and the Interwar Lack of an International Money,ls significantly higher than the pre-war period and experiencing marked exchange rate volatility. In this context governments became convinced of the necessity to rebuild an international monetary order by re-establishing a system similar to the gold standard: the gold-exchange standard. This system

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The Dollar Standard,owever, failed. With the end of the fixed exchange rate regime governments’ discretion in managing monetary policy expanded significantly. The result, in the 1970s, was a high level of monetary disorder. The stability of the international monetary system was eventually restored through institutional

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Critical Issues in the Current International Monetary System and Future Prospects,either the euro nor the renminbi qualify as international money..Although the dollar, in the post-Bretton Woods period, has maintained, if not indeed strengthened, its dominant role in the international monetary system, the system’s stability has been and is threatened by various factors. The first