Floating Exchange Rates at Fifty
(0 User reviews)
57
978-0881327496
Peterson Institute for International Economics
2024
For read a book, Please sign into your account.
loginFifty years ago, in March 1973, the major industrial economies abandoned fixed exchange rates, conclusively ending the post–World War II Bretton Woods arrangements. Proponents believed their action would strengthen countries’ ability to reconcile domestic macroeconomic policies with the balance of payments. But opponents feared it would initiate a new era of instability and financial shocks. Since 1973, much of the world has moved away from fixed exchange rates to a variety of regimes based on considerable exchange rate flexibility. But international trade conflicts and unstable capital flows, along with a rise in financial crises around the world, have nonetheless accompanied the global shift away from exchange rate pegs.
There are no reviews for this eBook.
There are no comments for this eBook.
You must log in to post a comment.
Log in
