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Bretton Woods Conference (view source)
Revision as of 22:22, August 26, 2025
, 22:22, August 26, 2025→Triffen's dilemma
===Triffen's dilemma===
===Triffen's dilemma===
In October 1959, Yale Professor Robert Triffin the Joint Economic Committee of Congress that the Bretton Woods system was doomed. The dollar could not survive as the world's reserve currency without requiring the [[United States]] to run ever-growing [[trade deficit]]s.
In October 1959, Yale Professor Robert Triffin told the Joint Economic Committee of Congress that the Bretton Woods system was doomed. The dollar could not survive as the world's reserve currency without requiring the [[United States]] to run ever-growing [[trade deficit]]s.
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