国际商务PPT第十一章.pptVIP

International Business 9e By Charles W.L. Hill Chapter 11 The International Monetary System What Is The International Monetary System? The international monetary system refers to the institutional arrangements that countries adopt to govern exchange rates A floating exchange rate system exists when a country allows the foreign exchange market to determine the relative value of a currency the U.S. dollar, the EU euro, the Japanese yen, and the British pound all float freely against each other their values are determined by market forces and fluctuate day to day What Is The International