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Write about BRETTON WOODS: Why were the designers of the Bretton woods system desperate to avoid prolonged deflationary macro-adjustment? Why did the creators of BW

Write about BRETTON WOODS: Why were the designers of the Bretton woods system desperate to avoid prolonged deflationary macro-adjustment? Why did the creators of BW want a compromise between fixed and floating exchange rates? How did the structure of the Bretton Woods reflect concern of about the conflict between internal and external balance?

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