Author Prof. Dr. Dimitar Dimitrakiev

Why does world need more currencies?
Published by Prof. Dr. Dimitar Dimitrakiev on
The Bretton Woods Conference (*1) is one of greatest international economic gatherings ever. And while no one can say yet whether the role of the USD in the international monetary system will be the same dominant in future, there are more than just doubts. One key feature of the Bretton Woods system was that countries would bind their exchange rates to the US dollar. While this system was effectively eliminated in 1971, the US dollar’s dominating role in the global currency system is still ...