A nation’s choice as to which currency regime to follow reflects national priorities about all factors of the economy, including inflation, unemploy....
The International Monetary Fund classifies all exchange rate regimes into eight specific categories (listed here with the number of participating coun....
One of the most important players in the current international financial system, the IMF was created to administer a code of fair exchange practices a....
Where is the international financial system today? The answer to this question revolves around three facts:....
By March 1985 the dollar had hit its peak. The US current account deficit was at the unheard of level of over USD 100 billion a year. Most economists ....
The firms engaged in international business must have an idea about the exchange rate arrangement prevailing in different countries as this will facil....
In a target-zone arrangement, the intra-zone exchange rates are fixed. An opposite example of such an arrangement is the European Monetary Union (EMU)....
Normally, a developing country pegs its currency to a strong currency or to a currency with which it has a very large part of its trade. Pegging invol....
In a floating-rate system, it is the market forces that determine the exchange rate between two currencies. The advocates of the floating-rate system ....
In the wake of the collapse of the Bretton Woods exchange rate system, the IMF appointed the Committee of Twenty that suggested for various options fo....
Of paramount importance to the representatives at the 1944 meeting in Bretton Woods was the prevention of another breakdown of the international finan....
After World War I, in twenties, the exchange rates were allowed to fluctuate. This was the result of large fluctuations in currency values. Consequent....
Since the days of the Pharaohs (about 3000 B.C.), gold has served as a medium of exchange and a store of value. the Greeks and Romans used gold coins ....
Over the ages, currencies have been defined in terms of gold and other items of value, and the international monetary system has been the subject of a....
Let us begin with some terms in order to prevent confusion in reading this unit:....
The international monetary system is the framework within which countries borrow, lend, buy, sell and make payments across political frontiers. The fr....
Ethics is creating a frame work of values and principles to help us make a decision of what to do or what ought not to do in different situations pose....
As we are standing on an important point on our learning curve, this has to be quite interesting, summating all the concepts we have studied, and also....