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Robert Triffin: A Life
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With World War II still raging, nations came together to create a new international monetary order, the Bretton Woods system. This agreement created the International Monetary Fund, the World Bank, and a system of stable exchange rates with currencies pegged against the dollar. One man saw the political, economic, and moral tensions inherent in keeping the dollar, a national currency, as a global reserve currency. When the monetary arrangement collapsed in 1973, economist Robert Triffin had...