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The Triffin paradox warned that the gold-exchange system of the Bretton Woods agreement was programmed to collapse in the long run. was indeed responsible for

The Triffin paradox

warned that the gold-exchange system of the Bretton Woods agreement was programmed to collapse in the long run.

was indeed responsible for the eventual collapse of the dollar-based gold-exchange system in the early 1970s.

was first proposed by Professor Robert Triffin.

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