What are the key macroeconomic variables that explained devaluation or revaluation in the Bretton Woods system?
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What are the key macroeconomic variables that explained devaluation or revaluation in the Bretton Woods system?
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In the Bretton Woods system which operated from 1944 to 1971 exchange rates were fixed relative to the US dollar which was pegged to gold at a rate of 35 per ounce Central banks were responsible for m...View the full answer
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Related Book For
International Corporate Finance Value Creation With Currency Derivatives In Global Capital Markets
ISBN: 9781119550464
2nd Edition
Authors: Laurent L. Jacque
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