new Bretton Woods system

Seminar paper from the year 2008 in the subject Politics - Topic: Globalization, Political Economics, grade: 1,3, Free University of Berlin (Center for Global Politics), course: International Political Economy, language: English, abstract: Barry Eichengreen and Michael Dooley understand the current international monetary and financial system as "e;new Bretton Woods System."e; Global imbalances such as the expanding US current account deficit in combination with a stable US Dollar exchange rate imply that Asia central banks are storing large amounts of US dollars in their international reserve portfolios. It follows a comparison of the new system with the old Bretton Woods framework relating the findings to arising potential for international political conflicts.