世界经济教学资料 5. the international monetary system讲义教材.pptVIP

International monetary system Types of exchange rate Floating exchange rate the foreign exchange market determines the relative value of a currency Pegged exchange rate the value of the currency is fixed relative to a reference currency Fixed exchange rate the value of a set of currencies are fixed against each other at some mutually agreed on exchange rate Dirty float try to hold the value of the currency within some range against an important reference currency The gold standard Pegging currencies to gold and guaranteeing convertibility By 1880, most of the world’s major trad