Lessons from the 1970s for international monetary reform
回顾1971-73年布雷顿森林体系崩溃后，二十国委员会改革国际货币体系的失败尝试，分析原因以避免重蹈覆辙，对研究国际货币改革的经济学者和政策制定者有参考价值。
Abstract The collapse of the Bretton Woods System in 1971–3 led to ambitious efforts to reform the international monetary system, mainly through the deliberations of the Committee of Twenty (C-20). Many of the issues considered by the C-20 will be familiar to aficionados of twenty-first century discussions of international monetary reform. Ultimately, attempts to reach a consensus in the C-20 were unsuccessful. This paper seeks to identify explanations for that failure in an effort to limit the likelihood that it will be repeated.