【學(xué)習(xí)筆記】International Finance 國際金融論研究學(xué)習(xí)筆記-6
Part I
Basics ofInternational Finance --6
Ch2 --3
InternationalMonetary System
Evolution of theInternational Monetary System --4
(3)InterwarPeriod: 1915-1944
(①) Exchangerates fluctuated as countries widely used “predatory” depreciations of theircurrencies as a means of gaining advantage in the world export market.
(②) Attemptswere made to restore the gold standard, but participants lacked the politicalwill to “follow the rules of the game.”
(③) Theresult for international trade and investment was profoundly detrimental.
Evolution of theInternational Monetary System --5
(4) Bretton Woods System: 1945-1972
(①) Named for a 1944meeting of 44 nations at Bretton Woods, New Hampshire.
(②) The purpose was todesign a postwar international monetary system.
(③) The goal wasexchange rate stability without the gold standard.
(④) The result was thecreation of the IMF and the World Bank.