From the History Books: The Rethinking of the International Monetary System

2021-08-16T10:00:38-04:00August 16, 2021|

By Atish Rex Ghosh

Fifty years ago, the world changed. On August 15, 1971, US President Richard Nixon slammed shut the “gold window,” suspending dollar convertibility. Although it was not Nixon’s intention, this act effectively marked the end of the Bretton Woods system of fixed exchange rates. […]