‘Despite the fact that they lay down explicit limitations on capital movements, the Bretton Woods agreements delineated an international monetary system that, in practice, made these movements indispensable. At this point we can see how the Bretton Woods agreements opened the way to the post-war ‘dollar gap’ and to the subsequent international ‘dollar glut’ the consequences of which we are still paying for.’
Amato and Fantacci: The End of Finance
