Re:Ask HN: Best talks of 2018?
by hidiegomariani on Saturday December 22, 2018 @02:59PM
(#18742165)
The Bretton Woods system was a predecessor of the Eurozone (Fixed exchange rate currency). Saying, that in order to have a healthy common monetary union you need to have a federal union first. Otherwise things crashes, as happened to bretton woods and as it’s happening on the eurozone
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Re:Ask HN: Best talks of 2018?
by raverbashing on Saturday December 22, 2018 @03:15PM
(#18742241)
The Euro is not fixed to anything, but its value floats freely like any other currency. It is "fixed" to Eurozone members in the sense that they can't value/devalue it by themselves.
Comparing the Bretton Woods system to the Eurozone is not a direct comparison
Re:Ask HN: Best talks of 2018?
by hidiegomariani on Saturday December 22, 2018 @06:06PM
(#18743005)
Fixed exchange rate meant as if all countries in Europe would have a fixed exchange rate between them (even if they would use different currencies). Hence the comparison eurozone-Bretton Woods