2016
Discuss the evolution of international monetary systems adopted by the world economies.
(20)
Examiners want: Evolution of international monetary systems, why Bretton Woods began and ended, the dollar's vehicle-currency role, a judgement
Discuss the evolution of international monetary systems adopted by the world economies.
Do you agree that the role of US dollar as the vehicle currency is a legacy of the bretton woods system of exchange rate determination? Why the latter was introduced and what factors were responsible for its demise?
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News about this debate watches for: bretton woods, gold standard, us dollar, reserve currency, imf, nixon shock, de-dollarisation, international monetary system, federal reserve, fixed exchange rates.