The argument of this paper is that was never enough agreement between Britain and United States on the 'rules of the game' to make the Bretton Woods Agreement any more than a form of words to paper over the cracks. There were far too many contractual escape clauses and 'voluntary misunderstandings'.
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Find related papers by JEL classification: F30 - International Economics - - International Finance - - - General F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
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