The International Monetary System in the (Very) Long Run
The dawn of the new millennium is an appropriate time to take stock of the evolution of the international monetary system. In most of the literature on this subject, a long view is anything that considers the behavior of exchange rates and associated policies prior to the breakdown of the Bretton Wo...
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| Zusammenfassung: | The dawn of the new millennium is an appropriate time to take stock of the evolution of the international monetary system. In most of the literature on this subject, a long view is anything that considers the behavior of exchange rates and associated policies prior to the breakdown of the Bretton Woods System of par values in 1973. Thus, Baxter and Stockman (1989), in a widely-cited study of exchange rate regimes, extend their data set all the way back to 1960! |
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