The International Capital Market and the International Monetary System

  • Erik Hoffmeyer


In this chapter I shall discuss three main problems. The first concerns the breakdown of the Bretton Woods system — the fixed-rate system or adjustable-peg system. In order to understand the forces now at work, I think it is necessary to have a clear notion of why the old system was abandoned.


Exchange Rate Market Force International Capital Capital Movement Real Effective Exchange Rate 
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Copyright information

© Palgrave Macmillan, a division of Macmillan Publishers Limited 1987

Authors and Affiliations

  • Erik Hoffmeyer

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