Do you agree that the role of US dollar as the vehicle currency is a legacy of the bretton woods system of exchange rate determination? Why the latter was introduced and what factors were responsible for its demise?

Take a position · 20 marks · 30 min

About 1200 words. The examiner marks against these:

• ☐ Take a position
• ☐ Causes
• ☐ Impact

Debate: Is US dollar dominance a lasting legacy of the Bretton Woods system?