Richard Nixon

US monetary policy developments past, present and future

US monetary policy developments past, present and future

Monday 23 August 2021 – Vol.12 Ed.34.1

Commentary: Nixon shock was a welcome development

By Mark Sobel in Washington

Numerous commentaries in recent weeks have commemorated the 50th anniversary of the August 1971 Nixon shock, which brought the Bretton Woods system to its end. For Mark Sobel, US chairman of OMFIF, the Nixon shock was a historically welcome development. It set in motion a series of events that led to the onset of generalised...

https://allaboutshipping.co.uk/2021/08/23/us-monetary-policy-developments-past-present-and-future/

Renminbi’s rise, 50 years after the dollar-gold shock, IMF shifts approach to low income countries and special drawing rights, and more

Renminbi’s rise, 50 years after the dollar-gold shock, IMF shifts approach to low income countries and special drawing rights, and more

THE WEEKEND REVIEW  – OMFIF

Latest opinion and analysis from OMFIF around the world

9-13 August 2021, Vol.12 Ed.32

Most-Read Commentary

Renminbi’s rise, 50 years after the dollar-gold shock: President Richard Nixon, in his TV address on 15 August 1971, announced unilaterally that America was reneging on the gold-dollar link. The consequences remain with us today....

https://allaboutshipping.co.uk/2021/08/14/renminbis-rise-50-years-after-the-dollar-gold-shock-imf-shifts-approach-to-low-income-countries-and-special-drawing-rights-and-more/