The International Capital Market and the International Monetary System
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.
KeywordsExchange Rate Market Force International Capital Capital Movement Real Effective Exchange Rate
Unable to display preview. Download preview PDF.