Chapter 3

Bretton Woods and Monetary Regimes

S.C. Knight

American University, Washington, DC, USA



Formal monetary unions, in which two or more countries agree to give up their national currencies for a single, shared currency, are rare events in the history of international monetary cooperation. The Eurozone, which is analyzed in detail elsewhere in this volume, is the most important modern-day example. There are other types of monetary regimes, ranging in the degree to which countries surrender ...

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