Why There Will Be No New Bretton Woods
Benn Steil's Wall Street Journal op-ed explains the unique historical circumstances in which the Bretton Woods international monetary system...
Interviewer: Robert E. Rubin, Co-Chairman, Council on Foreign Relations
Interviewee: A. Michael Spence, Distinguished Visiting Fellow, Council on Foreign Relations
April 18, 2011
Economist A. Michael Spence says emerging market growth is going to produce a boom in investment, which in turn may lead to higher interest rates globally, and a tendency to intervene in international capital flows. Spence spoke to Robert Rubin, Former Treasury Secretary and Co-Chairman of the Council on Foreign Relations, at CFR's 2011 Corporate Conference.
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Benn Steil's Wall Street Journal op-ed explains the unique historical circumstances in which the Bretton Woods international monetary system...
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