Overview

Smithsonian parities


Show Summary Details

Quick Reference

New parities for the world's major currencies agreed at the Smithsonian conference in 1971. These were intended to replace the Bretton Woods system, which had broken down. The new parities agreed were rapidly found to be unsustainable.

Subjects: Economics.


Reference entries

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.