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Read Yanis Varoufakis, “Imagining a New Bretton Woods,” Project Syndicate, 5/4/2016 (attached with this assignment). In a short essay (2-3 pages), explain the Varoufakis position on the global reserve currency. What problems is Varoufakis trying to solve? Evaluate.
You must use the assigned article in your answer.This is not a research paper. If you wish to consult an additional article, please attach a copy of it (with all publication details) to your assignment. Wikipedia is not a credible source
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The paper should be typed, double-spaced, and avoid excessive quotation or paraphrasing.The paper should follow the APA style for in-text references (and all quotations and paraphrases must be accompanied with in-text citations), for example (Partnoy 2009: 189).Failure to observe rules concerning references is considered plagiarism, renders the paper unacceptable.
Grading based upon:
Understanding of the issues and cogency of argument
Organization of paper
Attention to assigned reading
Proper treatment of quotation, citation, and paraphrase
Grammar, spelling, and punctuation
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May 16, 2018
Ethical Conduct Reflection
Creation of the Bretton Woods institutions followed a consensus between different parties on the
need for an international system that would ensure effective management of finances belonging
to diverse countries engaged in international trade. However, Varoufakis highlights the
differences in opinions between John Keynes, the British representative to the Bretton summit,
and Harry D. White, the American representative. Varoufakis highlights that White’s position
prevailed against Keynes’ gave rise to the modern system of monetary institutions, with the
American dollar as the res...
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