The monetary system of the Western World is based on the agreement on the establishment of the International monetary Fund (IMF), which was made at Bretton Woods, New Hampshire (USA), in 1944.

西方世界的货币体系是根据1944年在美国新罕布什尔州布雷顿森林制定的关于建立国际货币基金组织协议而形成的。

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Since the collapse of the Bretton Woods system in the 70s of 20th century, the international monetary system has entered in Jamaica system, in which floating exchange rate becomes legitimate.

自20世纪70年代布雷顿森林体系崩溃以来，国际货币体系进入了浮动汇率合法化的牙买加体系时代。

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The breakdown of the gold-based Bretton Woods international monetary system during 1968-71 signaled to Mundell that severe trouble was ahead.

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During the 1970s the Bretton Woods international monetary system broke down when Richard Nixon severed the dollar from the price of gold.

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But that short-lived experiment didn't work, and during World War II the dollar's tie to gold was reaffirmed by the Bretton Woods international monetary system.

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