In his time as a Treasury official in the 1960s he had laboured to maintain the Bretton Woods agreement of 1944, which had built an international monetary system round pegging the dollar to gold at $35 an ounce. When this began to founder he went along with a temporary suspension and then, in 1973, with decisive decoupling, but longed for some system of fixed exchange rates.
在20世纪60年代作为财政部官员时,保罗·沃尔克曾努力维护1944年的《布雷顿森林协定》。它建立了一个国际货币体系,将美元与黄金