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Bretton Woods Agreement

   Also found in: Wikipedia, Hutchinson 0.04 sec.
Bretton Woods Agreement
An agreement made in Bretton Woods, United States, in 1944. It set fixed exchange rates for major currencies and subsequently established the IMF.

Notes:
This agreement governed currency relationships until the early 1970s when a floating exchange rate system was adopted.

Bretton Woods Agreement
An agreement signed by the original United Nations members in 1944 that established the International Monetary Fund (IMF) and the post-World War II international monetary system of fixed exchange rates.
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Its despicable dealings with the Nazis in receiving and laundering the shipments of plunder explain why the 1944 Bretton Woods Agreement establishing the IMF and the World Bank also called for the abolition of the BIS.
BIS birthday blues: uneasy times as the Bank for International ... by Engelen, Klaus C. / The International Economy
Also created as part of the Bretton Woods agreement was the World Bank, a labyrinth of regional lending banks, a dispute settlement agency, a finance corporation, a pair of global development funds, and various subsidiary organizations.
Foreign Aid Follies by Bonta, Steve / The New American
The designers of the Bretton Woods agreement that created the IMF wanted countries to allow the free movement of capital as quickly as possible.
Capital Controls - a la Russe by Richter, Stephan G. / Chief Executive (U.S.)
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