TY - JOUR AU - ASKARI, H. PY - 2013/10/20 Y2 - 2024/03/28 TI - Twenty-five years of post-Bretton Woods experience: some lessons JF - PSL Quarterly Review JA - PSL QR VL - 52 IS - 208 SE - Editorial DO - 10.13133/2037-3643/10620 UR - https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/10620 SP - AB - <p class="FreeForm">In 1971 many academic economists were predicting that the Bretton Woods system of fixed parities would collapse. Some, most notably Milton Friedman, became excited about the possibility of a floating system because the benefits of international capital mobility can only be achieved through the flexibility in the exchange rate. These economists argued that a floating exchange rate system can ensure positive results more than the fixed parities system. Twenty-five years later, however, there is still no consensus on the matter. The author reviews the post-Bretton Woods experience to highlight some policies and approaches that might be helpful for the future.</p><p class="FreeForm"> </p><p class="FreeForm"><strong>JEL Codes: </strong>F31, F00<br /><br /></p> ER -