致使旧的布雷顿森林体系宣告结束。
这是布雷顿森林会议真实的准备情况。
This was true of the preparations for the Bretton Woods meeting.
G20并非布雷顿森林。
用什么替换布雷顿森林2体系？
布雷顿森林会议经常被比作是一场扑克游戏。
那么，布雷顿森林体系II之后又将是什么呢？
许多学者过于草率地抹杀《布雷顿森林体系II》。
在考虑新布雷顿森林体系时，以上原则应当被记住。
These principles need to be born in mind when considering any putative Bretton Woods II.
在布雷顿森林体系I终结后，随之而来的是一个浮动利率时期。
The end of Bretton Woods I was followed by a period of floating exchange rates.
在布雷顿森林协议下各国货币以固定汇率和美元绑定。
Under the Bretton Woods arrangement currencies were pegged to the dollar at fixed exchange rates.
并不是新的布雷顿森林体系，但却是对旧秩序的坚决转变。
Not a new Bretton woods-but a decisive shift in the old order.
布雷顿森林体系易于改变：所需要的就是西方国家的意愿。
The Bretton Woods duo are easier to change: all that is needed is Western will.
最为重要的一个协定是1944年签定的布雷顿森林的协定。
The most important, signed in 1944, is called the Bretton Woods Agreement.
换言之，相当于美元在布雷顿森林体系终止后贬值了90%。
In other words the dollar had lost around 90% of its value since the demise of Bretton Woods.
然而，美元和以其作为动力之源的后布雷顿森林体系绝不可能完整复苏。
But it is unlikely that either the dollar, or the post-Bretton Woods system of which it is the beating heart, will emerge whole.
不难想象，布雷顿森林体系II可能将以一种无序的方式土崩瓦解。
It is not difficult to imagine a situation in which Bretton Woods II could unravel in a disorderly fashion.
1944年，布雷顿森林体系的设计师们抓住了构建美好未来的机遇。
In 1944 the architects of the Bretton Woods system seized a moment to build for a changed future.
在某些方面，布雷顿森林体系II理论似乎就像一个巨大的洗钱卡特尔。
In some respects, Bretton Woods II appears like a giant money laundering cartel.
但这就表明布雷顿森林体系II理论无法再按照其应该运行的方式运行。
However, that suggests that the Bretton Woods II system is no longer working the way it is supposed to work.
当年的布雷顿森林会议历时三周，之前还经过了两年多技术上的准备工作。
The original Bretton Woods lasted three weeks and was preceded by more than two years of technical preparation.
当年的布雷顿森林会议历时三周，之前还经过了两年多技术上的准备工作。
The original Bretton Woods lasted three weeks and was preceded by more than two years of technical preparation.
“布雷顿森林体系”的代表已深刻体会到，对权力关系转变的认识是构筑未来的基石。
Understanding shifting power relations is fundamental for shaping the future -- as the Bretton Woods’ delegates appreciated.
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。
Under the Bretton Woods regime, world currencies were pegged to the dollar, which in turn was tied to a set price of gold.
本周的《经济学人》问：“应该用什么来取代《布雷顿森林体系2.0版》？”
THIS week the Economist asked: "What should replace the Bretton Woods 2 monetary system?"
要想知道缘由，我们还要从第一次布雷顿森林会议说起，来回顾一下近代国际金融监管史。
To see why, leave behind the first Bretton Woods conference for the more recent history of international financial regulation.
布雷顿森林体系对汇率和资本的管制阻止了国内的储蓄者到国外寻找更高的回报。
The exchange-rate and capital controls of the Bretton Woods financial system kept savers from seeking high returns abroad.
自固定汇率的布雷顿森林体系在1971年崩溃后，其平均实际利率为3.3%。
Since the Bretton Woods system of fixed exchange rates collapsed in 1971, the average has been 3.3%.
布雷顿森林会议所建立的多边金融机构已采取各种措施帮助各国防范或应对危机。
The multilateral financial institutions created at Bretton Woods have stepped in to help countries avert or address the crises.
布雷顿森林会议所建立的多边金融机构已采取各种措施帮助各国防范或应对危机。
The multilateral financial institutions created at Bretton Woods have stepped in to help countries avert or address the crises.
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