cover image: The political economy of the European Monetary System

20.500.12592/f32grk

The political economy of the European Monetary System

4 Nov 2021

an obligation to manage its· domestic policies with the needs of the rest of the world in mind. [...] '· -7-' acknowledged the connection between its own interest and the stability 5/ of the overall system -- and acted accordingly.- Since the breakdown of the Bretton Woods sy~tem, the United States has continued to act in a demonstrably nationalistic fashion.. [...] The virus of inflation began to spread, and ultimately the whole world was infected, setting the stage for the dramatic events of 1971, when the Bretton Woods system was brought dMm ..., ...,. [...] More recently, much of the heat has gone out of the "locomotive" 6/ debate.- But the underlying tensions between the United States and its allies in Europe and Japan remain, symptomatic of a far deeper malaise in international monetary relations-- the global. [...] One often _hears remarks to the effect that the E~U would ·~elp to take off the dollar some of the strain of being,· still,.
Pages
209
Published in
Italy