Hugo Bänziger (eabh) and Barry Eichengreen (Berkeley) look to the past and the future of the international monetary system.
15 August, 1971 marked the end of the Bretton Woods system, terminating the convertibility of the US dollar to gold. From this point onwards global exchange rates started to float freely and monetary institutions around the world were looking for new monetary anchors.
In this episode of the eabh Podcast we are asking: What was the Bretton Woods system? Why did it end? How did it go since 1971? And what comes next: Can we draw a comparison from Bretton Woods to Digital Central Bank Currencies (CBDC)?