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Peter Arnold's Articles in Finance

  • History of Foreign Exchange
    Until the mid-seventies, the major industrial economies were governed by the Bretton Woods agreement of 1944. The Bretton Woods Agreement, which was named after the venue of the international conference of the establishment of this new decree obliges participating international monetary savings to peg their currencies to the dollar, which was itself within a standard deviation of 1% of the rate prevailing in gold.

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