France and the Bretton Woods International Monetary System 1960 to 1968

  • Michael D. Bordo
  • Dominique Simard
  • Eugene N. White


France played a crucial role in the breakdown of the Bretton Woods international monetary system. Aggressive financial diplomacy coupled with the conversion of dollar holdings into gold weakened confidence in the dollar and helped to precipitate the collapse of fixed exchange rates. Most standard histories of the period find the motives behind these policies in President de Gaulle’s ‘anti-American’ political goals rather than any sound economic objectives. President de Gaulle is viewed as playing to French fears of encroachments on their autonomy.2


Wall Street Journal French Government International Monetary System Bretton Wood System Payment Deficit 
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Copyright information

© Jaime Reis 1995

Authors and Affiliations

  • Michael D. Bordo
  • Dominique Simard
  • Eugene N. White

There are no affiliations available

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