Bretton Woods agreement
Definition
An agreement signed in 1944 that outlined rules and regulations for an international monetary system. It established a fixed exchange rate linked to the U.S. dollar, with other countries pegging their currency to the dollar. It created the International Monetary Fund (IMF), as well as the International Bank for Reconstruction and Development (IBRD), a precursor for the modern World Bank. By the 1970s the fixed exchange rate collapsed, as the U.S. was no longer willing to exchange the dollar for gold. The agreement was so named because it was signed in Bretton Woods, New Hampshire.
This content can be found on the following page:
http://www.investorwords.com/6424/Bretton_Woods_agreement.html
email to a friend
 print this definition
 cite this definition
 link to this page
Copy and paste this HTML in your website to link to this page
Related Research Articles from the InvestorGuide.com University
Introduction to Other Investments
Stocks, bonds and mutual funds are the most popular asset classes and therefore get most of the market's attention, but there are other important investment opportunities every investor should know about as well, including options, futures, and currency. Although these investments are complex and usually intended for sophisticated investors, it's worth understanding what they are and how they operate in order to decide if they should play any role in your overall investment strategy.
Federal Reserve and Monetary Policy
Learn the basics about the Federal Reserve, The Federal Open Market Committee (FOMC), and how monetary policy is used to target interest rates to avoid inflation and slow economic growth.
International Stocks
What information should you consider before investing in international stocks? Learn about the different kinds of international stocks, how to buy them, and how to weigh the pros and cons of risk and diversification.
Featured Sponsor
|
