International Monetary and Financial System


After going through this chapter, you should be able to:

  • Identify the characteristics of the international monetary system
  • Identify the forces that determine exchange rates
  • Outline the history of the Bretton Woods Agreement
  • Explain the functioning of the foreign exchange market
  • Discuss the structure and functions of the international capital market
  • Explain the implications of the evolution and functioning of the international monetary system for international business

MILA: Unification of the Latin American Stock Exchanges

MILA, the Integrated Latin American Market combining the stock exchanges of Lima, Peru (the BVL); Colombia (the BVC); and Santiago, Chile (the BCS), ...

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