THE BRETTON WOODS TREATY AND RELATED AGREEMENTS

The research problem lies in the instability of international exchange rates, which led to the necessity of forming the Bretton Woods Treaty and the dominance of the United States of America over international organizations, which negatively affects the economies of developing countries and their cu...

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Bibliographic Details
Published in:Academy of Entrepreneurship journal 2022-01, Vol.28, p.1-12
Main Author: Anjas, Rana Ali Jamil
Format: Article
Language:English
Subjects:
Agreements
American dollar
Currency
Developing countries
Economists
Entrepreneurship
Foreign exchange rates
Global economy
Hegemony
International organizations
International relations
LDCs
World War II
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Summary:The research problem lies in the instability of international exchange rates, which led to the necessity of forming the Bretton Woods Treaty and the dominance of the United States of America over international organizations, which negatively affects the economies of developing countries and their currency markets. In this paper we have demonstrated the impact of the Bretton Woods Treaty on the development of developing countries. Also, we have searched for the repercussions of monetary crises on developing countries. Furthermore, we have developed suggested necessary solutions and proposals that contribute to achieving exchange rate stability.
ISSN:1087-9595
1528-2686