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The International Capital Market and the International Monetary System

  • Erik Hoffmeyer

Abstract

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.

Keywords

Exchange Rate Market Force International Capital Capital Movement Real Effective Exchange Rate 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Palgrave Macmillan, a division of Macmillan Publishers Limited 1987

Authors and Affiliations

  • Erik Hoffmeyer

There are no affiliations available

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