Retrospective on the Breton Woods System.

• Position: Conferences

On October 3-6, the NBER commemorated the 20th anniversary of the end of the postwar fixed exchange rate system with "A Retrospective on the Bretton Woods System," held in New Hampshire at the site of the original conference. Some of the original attendees participated in this event. Research Associates Michael D. Bordo, Rutgers University, and Barry J. Eichengreen, University of California, Berkeley, organized the program:

Michael D. Bordo, "The Bretton Woods International

Monetary System: An Historical Overview"

Discussants: Rudiger Dornbusch, NBER and MIT,

and Richard Cooper, Harvard University

Alberto Giovannini, NBER and Columbia University,

"Bretton Woods and Its Precursors: Rules versus

Discretion in the History of International Monetary

Regimes"

Discussants: Anna J. Schwartz, NBER, and Charles

Wyplosz, European Institute of Business

Administration

G. John Ikenberry, Princeton University, "The

Political Origins of Bretton Woods"

Discussants: John Odell, University of Southern

California, and Leslie S. Pressnell, London School

of Economics

Maurice Obstfeld, NBER and University of California,

Berkeley, "The Adjustment Process"

Discussants: Robert Z. Aliber, University of Chicago,

and Vittorio U. Grilli, NBER and Yale University

Sebastian Edwards, NBER and University of

California, Los Angeles, and Julio A. Santaella, University

of California, Los Angeles, "The Bretton Woods

System, the IMF, and Some Devaluation

Controversies in the Developing Countries"

Discussants: Stanley Fischer, NBER and MIT, and

Albert Fishlow, University of California, Berkeley

Panel Session I: "Perspectives of the Policymakers"

Chair: Michael L. Mussa, IMF and NBER

Panelists: Edward Bernstein, Brookings Institution;

W. Max Corden, Johns Hopkins University; Robert

Solomon, Brookings Institution; and Robert Triffin,

Universite Catholique de Louvain

Hans Genberg and Alexander Swoboda, Graduate

Institute of International Studies, Geneva, "The

Provision of Liquidity in the Bretton Woods System"

Discussants: Stanley Black, University of North

Carolina, and John Williamson, Institute for

International Economics

Kathryn M. Dominguez, NBER and Harvard

University, "The Role of International Organizations in

the Bretton Woods System"

Discussants: Alberto Alesina, NBER and Harvard

University, and William H. Branson, NBER and

Princeton University

Alan C. Stockman, NBER and University of Rochester,

"Some Issues in International Transmission under

Bretton Woods"

Discussants: Toru Iwami, University of Tokyo, and

Bennett T. McCallum, NBER and Carnegie-Mellon

University

Peter M. Garber, NBER and Brown University, "The

Collapse of the Bretton Woods Fixed Exchange

Rate System"

Discussants: Willem H. Buiter, NBER and Yale

University, and Dale W. Henderson, Georgetown

University

Richard C. Marston, NBER and University of

Pennsylvania, "Interest Differentials under Fixed and

Flexible Exchange Rates: The Effects of Capital

Controls and Exchange Risk"

Discussants: Paul R. Krugman, NBER and MIT, and

Allan Meltzer, Carnegie-Mellon University

Susan M. Collins, NBER and Harvard University, and

Francesco Giavazzi, NBER and Universita Bocconi,

"Attitudes Towards Inflation and the Viability of

Fixed Exchange Rates: Evidence from the EMS"

Discussants: Michele Fratianni, Indiana University,

and Niels Thygesen, University of...