Replacing the International Monetary System?

Abstract

The present international monetary and financial system, put together at the end of the Second World War and managed by the International Monetary Fund, is no longer functional. It should not surprise us that the long postwar period that began in 1945 eventually came to an end in 1990, or that the world system which will evidently succeed it will be qualitatively different from what we have known for nearly half a century.

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