French actors shape new international monetary system with capital control interventionism.
The article discusses how the international monetary system has evolved over time, with French actors playing important roles. It explores France's stance on exchange rates and capital controls in the global financial system. Influential figures like Charles Rist and Jacques Rueff have shaped France's positions. Key French political figures, including Jacques Delors and Emmanuel Macron, have supported economic liberalization. The negotiations at Bretton Woods in 1944 were based on the American plan, with the British government agreeing to it over a plan by J. M. Keynes.