Fifty Years After Bretton Woods, IMF Called Upon To Reign Again
REGULATIONS
Fifty years after it was created by the Bretton Woods Agreement, proponents of the International Monetary Fund (IMF) are calling for broader powers. If some of the proposals being floated are carried out, the IMF would serve as the main body through which a flexible exchange rate system would be managed.
The Bretton Woods Commission (headed by former Federal Reserve Board chairman Paul Volcker) will release a report in July that early versions indicate are sympathetic to proposals of this kind (F
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