The Gold Pool (1961-1968) and the Fall of the Bretton Woods System. Lessons for Central Bank Cooperation.
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The views expressed in this paper do not represent the opinion of the Banque de France, Eurosystem, or the National Bureau of Economic Research. We thank the archivists of the Bank for International Settlements, the Bank of England, the New York Fed and the Banque de France for their help. Piet Clement kindly shared by email some additional documents. Kathleen Rasmussen guided us to the US Department of State online archives. We are grateful to seminar participants at the University Paris 1 Sorbonne, the credit, currency and commerce conference (University of Cambridge), Saint Louis Fed and World Cliometrics Congress for comments. We are indebted to Owen Humpage, Walter Jansson and Catherine Schenk for comments on previous drafts. We also thank David Chambers for sharing data.