Bimetallism: Before 1875 A ³double standard´ in the sense that both gold and silver were used as money. Some countries were on the gold standard, some on the silver standard,…
Forex ² An Overview Compiled by: CA Sapna Jain The foreign exchange market (forex, FX, or currency market) is a worldwide decentralized over the counter financial market…
Corporate Hedging for Foreign Exchange Risk in India Introduction In 1971, the Bretton Woods system of administering fixed foreign exchange rates was abolished in favor of…
Special Drawing Right (SDR) Kevin P. Francis Dhanya.M. What is SDR? The SDR is an international reserve asset, created by the IMF in 1969. SDRs are allocated to member countries…
Fixed Versus Flexible Exchange Rate in China By Hanjiang Zhang Department of Economics George Mason University CONTENTS I. Introduction 2 II. Evolution of exchange rate regime,…
1. The Bretton Woods System By: Denise Davies 2. History • Named for the Bretton Woods Monetary Conference which took place in New Hampshire, during July 1-22, 1944. •…
1. Balance of Payments and Foreign Exchange Foreign Exchange 2. A country with a great deal of trade will be more likely affected by external events. The Balance of Payments…