Bretton_Woods_Institutions Bretton_Woods_Institutions

Bretton Woods Institutions - Definition and Overview

The Bretton Woods Institutions (BWIs) consist of the World Bank (originally International Bank for Reconstruction and Development, IBRD) and the International Monetary Fund (IMF), founded in July 1944 at a meeting of delegates of 44 countries in Bretton Woods, New Hampshire (USA). At the same time they agreed on fixing exchange rates of their currencies with the U.S. dollar in purpose to stabilize international monetary system and financial relations.

The system of Bretton Woods was initiated by two economists of the time, the American minister of state in the U.S. treasury, Harry Dexter White, and the British economist John Maynard Keynes.

External links

  • Bretton Woods Project [1] (http://www.brettonwoodsproject.org)

Example Usage of Institutions
quickwrit: Is life so dull and meaningless that my most profound thoughts involve personal commentary on financial Institutions? ASB is cool.
marcusod: "There are1000s of debates that Institutions can't afford to lose. They have money..they need journalism & journalists." http://is.gd/4Sfzk
RuthAhlbrand: RT @KClothier: Banks Hasten to Adopt New Rules: Regional and small banks are the most likely financial Institutions to benefit.. http:// ...
Copyright 2009 WordIQ.com - Privacy Policy  :: Terms of Use  :: Contact Us  :: About Us
This article is licensed under the GNU Free Documentation License. It uses material from the this Wikipedia article.