November 25th, 2020 
Discussion Question: The Bretton Woods system was a better designed international monetary system than the gold standard but, like the gold standard, it ultimately failed to allow countries to successfully combine exchange rate stability with the joint attainment of internal and external balance, and thus became, in Krugman’s words, “a victim of the trilemma” (Krugman, p. 271). Do you agree?
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