The Failure Of World Monetary Reform, 1971–74
Condition: SECONDHAND
This is a secondhand book. The jacket image is a photograph of the exact copy we have in stock. This image shows the condition of this book. Further condition remarks are below.
Condition remarks:
Book: Good
Jacket: No dust jacket
Pages: Good
Condition remarks: Condition as shown in image
At the epicentre of one of the twentieth century's most consequential financial upheavals, The Failure of World Monetary Reform, 1971–74 chronicles the dramatic unravelling of the Bretton Woods international monetary system and the turbulent negotiations that followed. John Williamson, a distinguished economist with first-hand knowledge of international monetary affairs, presents a rigorous and authoritative account of why the global community failed to construct a viable replacement framework during this critical three-year window — a period that forever altered the architecture of international finance. Williamson's analysis cuts through the political manoeuvring and institutional inertia that doomed successive reform efforts, arguing with precision that the collapse was as much a failure of political will as of economic theory. Written in a measured yet compelling academic register, the work illuminates the competing national interests, the role of the IMF, and the seismic shift toward floating exchange rates that reshaped global trade for decades to come. For anyone seeking to understand the fault lines of today's monetary order, this seminal study reveals that the ghosts of 1971–74 have never truly been laid to rest.
Author: John Williamson
Format: Paperback
Genre: Business & economics
Condition remarks:
Book: Good
Jacket: No dust jacket
Pages: Good
Condition remarks: Condition as shown in image
At the epicentre of one of the twentieth century's most consequential financial upheavals, The Failure of World Monetary Reform, 1971–74 chronicles the dramatic unravelling of the Bretton Woods international monetary system and the turbulent negotiations that followed. John Williamson, a distinguished economist with first-hand knowledge of international monetary affairs, presents a rigorous and authoritative account of why the global community failed to construct a viable replacement framework during this critical three-year window — a period that forever altered the architecture of international finance. Williamson's analysis cuts through the political manoeuvring and institutional inertia that doomed successive reform efforts, arguing with precision that the collapse was as much a failure of political will as of economic theory. Written in a measured yet compelling academic register, the work illuminates the competing national interests, the role of the IMF, and the seismic shift toward floating exchange rates that reshaped global trade for decades to come. For anyone seeking to understand the fault lines of today's monetary order, this seminal study reveals that the ghosts of 1971–74 have never truly been laid to rest.