80 Years after Bretton Woods

2024 marks the 80th anniversary of the Bretton Woods conference, where the foundations of a new international economic and monetary order were laid down. After the end of the fixed exchange-rates regime between 1971 and 1973, the US dollar hegemony was strengthened while the international system was dominated by increasing global imbalances and greater vulnerability of the world economy. This was mainly due to the built-in destabilizer that characterizes each international monetary system relyin