Estratégias periféricas sessenta anos depois do acordo de Bretton Woods Peripheral strategies sixty years after the Bretton Woods agreement

• Main Author: André Moreira Cunha
• Format: Article
• Language: English
• Published: Editora 34 2006-12-01
• Series: Brazilian Journal of Political Economy
• Subjects: Bretton Woods Agreement; capital flows and exchange rate management; emerging economies
• Online Access: http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572006000400001

<abstract language="eng">After sixty years, the Bretton Woods Agreement continuous to be a reference for the debates concerning institutional organization of the international monetary system. This paper compares some features of the arrangements that have emerged in that context with the recent wave of institutional reforms in the international financial architecture. We explore some arguments suggesting that, in an instable financial environment, is possible to envisage a strong rationality in strategies for emerging economies associated with a more active capital flows and exchange rate management. Apparently, those strategies are not dissimilar to the ones today's advanced countries had used in Bretton Woods Era.