U.S. Policy in the Bretton Woods Era

Abstract

Allan H. Meltzer, John M. Olin Professor of Political Economy and Public Policy at Carnegie Mellon University, discusses U.S. international economic policy during the Bretton Woods era. His article, which was presented in St. Louis on April 8, 1991, as the fifth annual Homer Jones Memorial Lecture, reviews the roles of the U.S. as the world’s strongest economy and the dollar as its reserve currency in a system of fixed exchange rates.

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