What was the Bretton Woods currency system?
What will be an ideal response?
In the Bretton Woods System, in place between 1944 and 1971, the participating countries agreed to an exchange rate regime that linked their exchange rates to the dollar. They could fluctuate in a 1% band around a fixed parity. The dollar itself had a fixed gold parity ($35 per ounce). When a country ran into a temporary balance of payments problem (a current account deficit) that threatened the currency peg, it could draw on the lending facilities of the IMF, also established at Bretton Woods in 1944, to help it defend the currency. Countries were also allowed to change their parities when their balances of payments were considered to be in "fundamental disequilibrium." The system broke down when President Nixon abandoned the U.S. commitment to exchange dollars for gold in August 1971.
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A clothing store decides to expand to the international market and follows the same strategy in Europe and Asia that it did in North America. Their sales in Asia fail to pick up. What general environment dimension is affecting this company?
A. The technological dimension B. The economic dimension C. The international dimension D. The sociocultural dimension E. The natural dimension
What evidence is there for the existence of a glass ceiling?
What will be an ideal response?
Why is it important to consider the missing information when evaluating a particular case?
What will be an ideal response?
If a firm wants to maintain its ratios at their existing levels, then if it has a positive sales growth rate of any amount, it will require some amount of external funding.
Answer the following statement true (T) or false (F)