How Did Bretton Woods Work?
To establish a stable economic environment for business and trade.
"By now I think we can agree that the absence of an official, rules-based cooperatively managed, monetary system has not been a great success. In fact, international financial crises seem at least as frequent and more destructive in impeding economic stability and growth..."That is all a long introduction to a plea – a plea for attention to the need for developing an international monetary and financial system worthy of our time."