The Bretton Woods Transcripts, edited by Center for Financial
Stability Senior Fellow Kurt Schuler and Research Associate Andrew
Rosenberg, offer a front row seat at the conference that shaped the
international monetary system for nearly 70 years. The Bretton
Woods transcripts were never intended for publication, and give an
inside perspective of what participants at this major international
gathering said behind closed doors.
Schuler and Rosenberg spent more than a year carefully and
skillfully editing never before published transcripts as well as
creating summaries of meetings and participants that established
the International Monetary Fund, the World Bank, and post World War
II international financial system.
The transcripts reveal an untold story from World War II, as
well as the vision of luminaries such as John Maynard Keynes,
future presidents, prime ministers, and other world leaders.
Despite a war still waging in 1944, delegates from 44 nations
worked tirelessly in Bretton Woods, New Hampshire to construct a
financial system that would promote growth, minimize global
imbalances, and foster stability.
The Bretton Woods Conference began a new era in international
economic cooperation that continues today.
PRAISE FOR THE BRETTON WOODS TRANSCRIPTS
"Even though there have been thousands and thousands of pages
written about the Bretton Woods Conference, nothing beats the
transcripts for a first-hand feel of what transpired."
From the preface by Jacques de Larosiere, Managing Director of the
IMF from 1978-1987, and Steve H. Hanke, Professor of Applied
Economics, Johns Hopkins University
Kurt Schuler, Andrew Rosenberg and the Center for Financial
Stability deserve our thanks and congratulations for having
unearthed and then nicely reproduced and edited the original
Bretton Woods transcripts. This is truly a treasure trove for
historians, showing exactly who said what to whom, when and why at
that iconic Conference.
Charles Goodhart, Financial Markets Group, London School of
Economics; Former Chief Advisor, Bank of England
The global economy is stuck with low growth rates and over
indebtedness in many leading countries today. Thus, what better
than to counter now with how the founding fathers of the IMF and
the World Bank negotiated a broad consensus to create an
institution with a clear technical, financial, and macro
mandate?
Eduardo Aninat, Former Deputy Managing Director, IMF; Former
Finance Minister of Chile; Present, Director General, UNIAPAC
Foundation
Bretton Woods set the standard for all future international
economic conferences. These transcripts are a precious contribution
to historical study and more importantly an inspiration for those
charged with shaping the future.
Lawrence H. Summers, Former Secretary, US Treasury; Charles W.
Eliot University Professor, Harvard University
A fascinating new book, The Bretton Woods Transcripts, has just
been published by the Center for Financial Stability. Kurt Schuler
and his coeditor Andrew Rosenberg have done a remarkable job of
making the book user friendly. Their commentary is fascinating in
its own right.
John B. Taylor, Former Under Secretary, US Treasury; Mary and
Robert Raymond Professor of Economics, Stanford University
Everyone thinks they know what happened at Bretton Woods, but
what they know has been filtered by generations of historical
accounts. By publishing the Bretton Woods transcripts, Kurt Schuler
and Andrew Rosenberg provide the unfiltered version. International
monetary history will never be the same.
Barry Eichengreen, George C. Pardee and Helen N. Pardee Professor
of Economics and Political Science, University of California,
Berkeley
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