Under the Bretton Woods regime, world currencies were pegged to the dollar, which in turn was tied to a set price of gold.

根据布雷顿森林体系，世界货币与美元挂钩，而美元又与黄金的固定价格挂钩。

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But a paper published on May 19th by Ila Patnaik and her colleagues at the National Institute of Public Finance and Policy in Delhi documents a gradual thinning out of the Bretton Woods II regime.

但是，5月19号由位于新德里的国家公共财政与政策研究所的Ila Patnaik以及她的同事发表的一篇文章证明了布雷顿森林体系机制的逐步淡出。

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Yet global foreign-exchange reserves are at record levels, equivalent to 15 weeks of imports, more than twice as high as they were in the late 1960s under the Bretton Woods regime.

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Mr Volcker served as Under Secretary of the Treasury for International Affairs when the US abandoned the gold standard and ended the Bretton Woods regime of fixed interest rates in the early 1970s.

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However, in 1971 under President Richard Nixon, the Bretton Woods system collapsed and the major currencies shifted to a floating exchange rate regime.

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