【ppt精品課件】貨幣金融學7版英文課件--20-大學課件2(編輯修改稿)
2025-01-21 13:28 本頁面
【文章內(nèi)容簡介】 gold standard loses control of Ms 2. World inflation determined by gold production 6 169。 2023 Pearson Education Canada Inc. Fixed Exchange Rate Systems Bretton Woods 1. Fixed exchange rates 2. Other central banks keep exchange rates fixed to $: $ is reserve currency 3. $ convertible into gold for central banks only ($35 per ounce) 4. International Moary Fund (IMF) sets rules and provides loans to deficit countries 5. World Bank makes loans to developing countries European Moary System 1. Value of currency not allowed outside “snake” 2. New currency unit: ECU 3. Exchange Rate Mechanism (ERM) Key weakness of fixed rate system Asymmetry: pressure on deficit countries losing international reserves to ? M, but no pressure on surplus countries to ? M 7 169。 2023 Pearson Education Canada Inc. Intervention in a Fixed Exchange Rate System 8 169。 2023 Pearson Education Canada Inc. Analysis of Figure 2: Intervention in a Fixed
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