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Why the current Bretton Woods-like international financial system, featuring large current account deficits in the center country, the United States, and massive reserve accumulation by the periphery, is not sustainable.

International finance --- 332.042 --- International monetary system --- International money --- Finance --- International economic relations --- United Nations Monetary and Financial Conference --- Bretton Woods Conference --- Conférence monétaire et financière des Nations Unies, --- Conferencia Monetaria Internacional de Bretton-Woods --- Conferencia Monetaria y Financiera de las Naciones Unidos --- Monetary and Financial Conference, United Nations --- Rengōkoku Tsūka Kinʼyū Kaigi --- United Nations Monetary & Financial Conference --- United nations monetary and financial conference, --- International finance. --- Business & Economics --- International Finance --- ECONOMICS/Political Economy --- ECONOMICS/Macroeconomics