{"product_id":"sdr-from-bretton-woods-to-a-world-currency-9782807610170","title":"Sdr: From Bretton Woods to a World Currency","description":"\u003cp\u003e • Author(s): Centro Studi Sul Federalismo | Elena Flor\u003cbr\u003e • Publisher: P.I.E-Peter Lang S.A., Editions Scientifiques\u003cbr\u003e • Publisher Imprint: P.I.E-Peter Lang S.A., Editions Scientifiques\u003cbr\u003e • BISAC: Finance - General\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eKeynes's proposal in 1944 at the Bretton Woods Conference to found the new international monetary system on a world currency (the \"bancor\") was rejected and the dollar - convertible into gold - was put at the center of the system.\u003c\/p\u003e \u003cp\u003eIn 1968 the IMF created its own \"unit of account\" - the SDR - based on a basket of national currencies and, in 1971, president Nixon announced the end of dollar convertibility to gold.\u003c\/p\u003e \u003cp\u003eIn 2008 the financial crisis erupted and in 2016 the renminbi was included in the SDR basket: a new international multi-currency reserve system is emerging.\u003c\/p\u003e \u003cp\u003eThis work offers a synthetic but comprehensive view of the international monetary system's evolution from an original perspective: the process for reinforcing and stabilizing it through the gradual introduction of a world currency (notably, the SDR).\u003c\/p\u003e","brand":"P.I.E-Peter Lang S.A., Editions Scientifiques","offers":[{"title":"Paperback","offer_id":47889403773079,"sku":"9782807610170","price":3214.0,"currency_code":"INR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0666\/3471\/1191\/files\/9782807610170.webp?v=1781176307","url":"https:\/\/atlanticbooks.com\/products\/sdr-from-bretton-woods-to-a-world-currency-9782807610170","provider":"Atlantic Books","version":"1.0","type":"link"}