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What is Understanding Exchange Rate Regimes about?

After WWII, countries went off the gold standard except the US, giving it power. Under Bretton Woods, major currencies pegged to the US dollar and gold, and smaller currencies pegged to major ones. There are debates around fixed versus floating exchange rates. In a fixed rate, central banks must intervene to prevent appreciation, while flexible rates let the market adjust on its own. Most countries now use managed floating rates over pegged rates due to globalization. Flexible rates experience more volatili

Author

MoussaLolo

Language

EN