The Bretton Woods System Of Fixed Exchange Rates Theoretical Background And Its Development
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The Bretton Woods System Of Fixed Exchange Rates Theoretical Background And Its Development
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Author : Kathrin C. Hägele
language : en
Publisher: GRIN Verlag
Release Date : 2010-08
The Bretton Woods System Of Fixed Exchange Rates Theoretical Background And Its Development written by Kathrin C. Hägele and has been published by GRIN Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-08 with Business & Economics categories.
Seminar paper from the year 2006 in the subject Economics - Monetary theory and policy, grade: 1, Pforzheim University, course: International Economics, 37 entries in the bibliography, language: English, abstract: This work is about the international monetary system, which is a called the Bretton Woods System, starting primarily from the end of the Second World War till the the 1970s. First of all the background of the years before the formation of the Bretton Woods System will be disclosed. This is important to evaluate the importance of a reformation of the monetary system. In the chapter "History" you will find further information, first about the Classical Gold Standard before 1914, second about the Gold-Exchange-Standard after the First World War and finally, about the currency confusion in the period from 1931 till the Second World War. In the third chapter of this assignement the Bretton Woods System will be revealed in detail. It starts with the background of the system, the theoretical details like the two proposals for the formation of the system, followed by some important aspects, as well as the main principles. Further points in this chapter are the implementation and the development throughout the years. Last but not least this is followed by a conclusion.
A Retrospective On The Bretton Woods System
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Author : Michael D. Bordo
language : en
Publisher: University of Chicago Press
Release Date : 2007-12-01
A Retrospective On The Bretton Woods System written by Michael D. Bordo and has been published by University of Chicago Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-12-01 with Business & Economics categories.
At the close of the Second World War, when industrialized nations faced serious trade and financial imbalances, delegates from forty-four countries met in Bretton Woods, New Hampshire, in order to reconstruct the international monetary system. In this volume, three generations of scholars and policy makers, some of whom participated in the 1944 conference, consider how the Bretton Woods System contributed to unprecedented economic stability and rapid growth for 25 years and discuss the problems that plagued the system and led to its eventual collapse in 1971. The contributors explore adjustment, liquidity, and transmission under the System; the way it affected developing countries; and the role of the International Monetary Fund in maintaining a stable rate. The authors examine the reasons for the System's success and eventual collapse, compare it to subsequent monetary regimes, such as the European Monetary System, and address the possibility of a new fixed exchange rate for today's world.
From Bretton Woods To The Idea Of A Bretton Woods Ii System
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Author : Michael Frei
language : en
Publisher: GRIN Verlag
Release Date : 2013-07-29
From Bretton Woods To The Idea Of A Bretton Woods Ii System written by Michael Frei and has been published by GRIN Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-07-29 with Business & Economics categories.
Essay from the year 2009 in the subject Economics - Finance, grade: 5 von 5, Free University of Bozen-Bolzano (School of Economics and Management), language: English, abstract: The Bretton Woods institutions – International Monetary Fund (IMF) and International Bank for Reconstruction and Development (IBRD) = World Bank – are based on a hierarchical level of cooperating national states. The function of the International Monetary Fund is to be a reserve bank of industry states, as well as being a controlling body which is supervising the account of payments and the accounts of debits. The duties of World Bank have been defined to coordinate and resolve development and reconstruction aid. (Tetzlaff, S. 47). It was a long way before the Bretton Woods institutions began their work concrete in 1947. From 1942 until the conference in 1944 in Bretton Woods were discussed proposals by different states. Many oft that proposals was presented by the United States and by Great Britain. Some of the fundamental aspects in the discussion presented by the national states were to build up a strong world economic, to influence the capital movement, to provent currency manipulation but also to maintain the national currency and economic policy. Contents: Economic situation until the foundation of Bretton Woods in 1944, Bretton Woods – Theoretic idea, The End of the Bretton Woods System, The Bretton Woods II System in Asia, Euro or Dollar?, Conclusion
Exchange Rate Economics
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Author : Peter Isard
language : en
Publisher: Cambridge University Press
Release Date : 1995-09-28
Exchange Rate Economics written by Peter Isard and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995-09-28 with Business & Economics categories.
This book describes and evaluates the literature on exchange rate economics. It provides a wide-ranging survey, with background on the history of international monetary regimes and the institutional characteristics of foreign exchange markets, an overview of the development of conceptual and empirical models of exchange rate behavior, and perspectives on the key issues that policymakers confront in deciding whether, and how, to try to stabilize exchange rates. The treatment of most topics is reasonably compact, with extensive references to the literature for those desiring to pursue individual topics further. The level of exposition is relatively easy to comprehend; the historical and institutional material (part I) and the discussion of policy issues (part III) contain no equations or technical notation, while the chapters on models of exchange rate behavior (part II) are written at a level intelligible to first-year graduate students or advanced undergraduates. The book will enlighten both students and policymakers, and should also serve as a valuable reference for many research economists.
Exchange Rate Regime Choice In Historical Perspective
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Author : Michael D. Bordo
language : en
Publisher: International Monetary Fund
Release Date : 2003-08-01
Exchange Rate Regime Choice In Historical Perspective written by Michael D. Bordo and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003-08-01 with Business & Economics categories.
In this paper, I survey the issue of exchange rate regime choice from the perspective of both the industrial and emerging economies taking an historical perspective. I first survey the theoretical issues beginning with a taxonomy of regimes. I then examine the empirical evidence on the delineation of regimes and their macroeconomic performance. The penultimate section provides a brief history of monetary regimes in industrial and emerging economies. The conclusion considers the case for a managed float regime for today's emerging economies.
The Economics Of Common Currencies
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Author : Harry G. Johnson
language : en
Publisher: Routledge
Release Date : 2013-07-18
The Economics Of Common Currencies written by Harry G. Johnson and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-07-18 with Business & Economics categories.
Gathering together the papers presented at the Madrid Conference on Optimum Currency Areas in 1970 this volume represents one of the first complete surveys of the theory and policy implication of monetary integration. The book discusses: the economics of fixed exchange rates relevant to monetary relations within an integrated monetary area the evolution of economic doctrine and a survey of optimum currency area theory problems of policy co-ordination within a currency area relevance of the monetary-fiscal policy mix problems of monetary union in developing countries the book predicted the establishment of an European currency but presented the case for greater flexibility of exchange rates as an alternative to currency unification.
The Reconstruction Of International Monetary Arrangements
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Author : Robert Z. Aliber
language : en
Publisher: Springer
Release Date : 1986-12-15
The Reconstruction Of International Monetary Arrangements written by Robert Z. Aliber and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 1986-12-15 with Business & Economics categories.
The decade of the 1970s was one of turbulence in international monetary arrangements - the exchange rates fluctuated through a wide range, national price levels more than doubled fueled partly by several oil price shocks, and the external debts of the developing countries increased from $120 billion to
The Bretton Woods International Monetary System
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Author : Michael D. Bordo
language : en
Publisher:
Release Date : 1992
The Bretton Woods International Monetary System written by Michael D. Bordo and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1992 with International finance categories.
Exchange Rates And Economic Policy In The 20th Century
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Author : Derek H. Aldcroft
language : en
Publisher: Routledge
Release Date : 2017-07-05
Exchange Rates And Economic Policy In The 20th Century written by Derek H. Aldcroft and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-07-05 with History categories.
The themes of this study are the exchange rate regimes chosen by policy makers in the twentieth century, the means used to maintain these regimes, and the impact of these decisions on individual national economies and the world economy in general. The book draws heavily on new research showing the lessons and the legacy left for policy makers by the gold standard and the attempt at its resurrection in the 1920s. In examining issues such as the gold exchange standard, the gold bullion standard, the experience of floating exchange rates, the Bretton Woods arrangements, the EMS and the ERM, and the Currency Board approach, there is a conscious attempt to draw out the relevance of history for policy makers now.
Evolution And Performance Of Exchange Rate Regimes
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Author : Mr.Kenneth Rogoff
language : en
Publisher: International Monetary Fund
Release Date : 2003-12-01
Evolution And Performance Of Exchange Rate Regimes written by Mr.Kenneth Rogoff and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003-12-01 with Business & Economics categories.
Using recent advances in the classification of exchange rate regimes, this paper finds no support for the popular bipolar view that countries will tend over time to move to the polar extremes of free float or rigid peg. Rather, intermediate regimes have shown remarkable durability. The analysis suggests that as economies mature, the value of exchange rate flexibility rises. For countries at a relatively early stage of financial development and integration, fixed or relatively rigid regimes appear to offer some anti-inflation credibility gain without compromising growth objectives. As countries develop economically and institutionally, there appear to be considerable benefits to more flexible regimes. For developed countries that are not in a currency union, relatively flexible exchange rate regimes appear to offer higher growth without any cost in credibility.