Handelsblatt Global Edition Magazine - - Monetary Policy -

At the Bret­ton Woods con­fe­rence in Ju­ly 1944, de­le­ga­tes from 44 coun­tries set up the post-World War II mo­ne­ta­ry or­der.

Bret­ton Woods crea­ted the In­ter­na­tio­nal Mo­ne­ta­ry Fund (IMF) and set up the dol­lar as the world‘s re­ser­ve cur­ren­cy.

With ne­ga­ti­ve in­te­rest ra­tes crea­ting as­set bub­bles and wrea­king ha­voc with the fi­nan­ci­al sys­tem, so­me are cal­ling for the ma­jor cen­tral banks to bet­ter co­or­di­na­te their po­li­cies.

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