Professor Richard N. Cooper – advisor to many U.S. Presidents on international monetary affairs – was recently interviewed by the Center for Financial Stability on his decades of experience at the center of international monetary policy.
Highlights include:
- Evolution of the international monetary system,
- Insights into Nixon Shock (cessation of the gold standard),
- System of floating exchange rates,
- Recent revelations regarding the 1944 Bretton Woods Conference,
- China and measures to move forward,
- Proposals for the future.
We thank Kurt Schuler and Robert Yee for such a wonderfully insightful exchange and Richard Cooper – Maurits C. Boas Professor of International Economics at Harvard and formerly Under-Secretary of State for Economic Affairs, and Chairman of the Federal Reserve Bank of Boston.
To view the full interview:
http://centerforfinancialstability.org/research/Cooper_Yee_0916.pdf