国际商务Chap011.pptVIP

International Business 9e by Charles W.L. Hill Chapter 11 The International Monetary System Introduction The institutional arrangements that countries adopt to govern exchange rates are known as the international monetary system When a country allows the foreign exchange market to determine the relative value of a currency, a floating exchange rate system exists When a country fixes the value of its currency relative to a reference currency, a pegged exchange rate system exists Introduction When a country tried to hold the value of its currency within some range of a reference curren