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Descent of the Global Monetary System

Tom Spencer

The principal goal of the Bretton Woods System was to create an efficient foreign exchange system in order to promote trade and economic growth while at the same time preventing countries from engaging in competitive currency devaluations. While focusing intently on consumer prices, central banks tend to ignore rising asset prices.

System 88
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China Cash Crunch Eases, For How Long? Three Things China Needs to Avoid; When can Beijing Truly move to Market-Determined Interest Rates?

MishTalk

They are happy for the financial sector to experiment with new products on- and off-balance sheet, allowing the system gently to displace state allocation of capital through decreed interest rates, loan quotas, loan-to-deposit ratios and specific credit restrictions.