国际商务 The International Monetary System.pptVIP

Learning Objectives Be familiar with the historical development of the modern global monetary system. Be familiar with the differences between a fixed and floating exchange rate system. Know what exchange rate regimes are used in the world today and why countries adopt different exchange rate regimes. Managerial implications. Case- Argentina’s Monetary Crisis Summary of Key Facts (Opening Case) In the 1990s, fixed exchange rate system. By 2001, economy was in trouble. Anticipation of devaluation by corporations and individuals. Measures by the government and IMF. Devaluation came in