H. ROBERT HELLER
The structure and flexibility of the new international monetary system. Bretton Woods. The International Monetary Fund and Special Drawing Rights. Monetary supplies and inflation. Currency pegging in 1978. Private capital markets. Eurocurrency, and the instability of the dollar.
Recent events have brought about a significant change in the international monetary system. The process of change was instituted in August 1971, when the United States severed the link between gold and the U.S. dollar; since then most major