Notes and Study material for Exams
The International Monetary System: A Journey Through Time and Challenges The global economy operates on a complex web of interconnected systems, with the International Monetary System (IMS) serving as its crucial backbone. This intricate framework governs the exchange of currencies, facilitates international trade and investment, and promotes global economic stability. Understanding the evolution, structure, and … Read more
The Fixed Exchange Rate: A Balancing Act Between Stability and Flexibility The exchange rate, the price of one currency in terms of another, plays a crucial role in the global economy. It influences trade, investment, and the overall economic performance of nations. While floating exchange rates, determined by market forces, are the norm in today’s … Read more
The Bretton Woods System was a monetary system that was established at the Bretton Woods Conference in 1944. The system was based on the idea of fixed exchange rates, which meant that the value of each currency was pegged to the value of the US dollar. The US dollar was, in turn, pegged to the … Read more