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A Masterclass In Central Banking | Professor Jane Knodell
Forward Guidance
Bretton Woods and the Euro Dollar
Bretton Woods put the dollar at the center of the international monetary system. The idea was we're still going to be based on gold, but it's the dollar that's convertible to gold and all the other currencies are going to convert to dollars at fixed prices. And then also I really want to talk about the euro dollar system,. How offshore banks, not within the US would be able to essentially create and lend against a dollars that they can essentially print from nothing.
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