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Business Environment, 1st Edition by Pearson
book

Business Environment, 1st Edition by Pearson

by A. C. Fernando
May 2024
Intermediate to advanced content levelIntermediate to advanced
688 pages
51h 31m
English
Pearson India
Content preview from Business Environment, 1st Edition by Pearson
Chapter 50: The International Monetary Fund | 649 |
or xed rates. Such an arrangement will get for the system the
advantages of both without incurring the disadvantages of either,
as and when there is a need to revise currency values when
circumstances so warranted them.
The main characteristic of the Bretton Woods system was the
responsibility or each member country to follow a monetary policy
that would maintain the exchange rate of its currency within a xed
value with in a uctuation of 1 per cent in terms of gold and the
ability of the IMF to set right on a temporary basis imbalances of
payments. What emerged of this system was the “pegged rate”
currency regime. Members were required to establish a parity of
their national currencies ...
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Publisher Resources

ISBN: 9781299446762Publisher Website