The result was that many countries found themselves with currencies fixed at an inappropriate rate of exchange to those of other countries.
In the end, the Bretton Woods agreement established the American dollar as the world's predominant currency, pegged to gold and with other currencies fixed against it — a system that endured until the 1970s, when President Richard M. Nixon took the dollar off the gold standard and floating exchange rates soon prevailed.
With them are other "flow monsters"—firms with a big share of high-volume markets, such as currencies, fixed income and equities including Barclays and Credit Suisse.
An Industry Group Seeks Stable Chinese Currency With many American manufacturers still shedding jobs, a coalition of industry groups and labor unions petitioned the administration to sue China to keep the value of its currency fixed against the dollar.
The second time they faced each other the First Minister insisted he believed Scotland could use sterling, but said he had three plan Bs – a currency fixed to the pound, unilateral use of sterling or its own currency.
Let's do one of Niall Ferguson's virtual history exercises and think through what would have happened had Brown been overruled and UK entry into the single currency fixed for 2005.
Before Mr. Snow's visit here, a group of American manufacturers and farm organizations released a report accusing China of increasing exports by keeping the exchange rate for its currency fixed at an artificially low level and Japan of devaluing its currency through huge yen sales.
It is a movement that promises to increase trade tensions beyond Bush administration complaints about China's surging trade surplus and its tactic of keeping its currency fixed against the dollar, giving it a competitive advantage in selling to the United States.
But the tribulations experienced by this small Baltic country since 2008, as it kept the lat, its currency, fixed to the euro while fiercely tightening fiscal policy, have sparked a big dispute among dismal scientists.Latvia is now the European Union's fastest-growing economy.
Born of panic, the proposal was ill planned and ineptly explained: next day, investors were still wondering what exactly Mr Mahuad meant by "dollarisation"—since he also talked of keeping the sucre, Ecuador's currency, fixed at a rate of 25,000 to the dollar.
But Mr. Kubilius and his team say that with a budget deficit of 9 percent of G.D.P., a currency fixed to the euro and international bond markets unwilling to lend to Lithuania, the government had no choice but to show the world it could impose its own internal devaluation by cutting public spending, restoring competitiveness and reclaiming the good will of the bond markets.
