About this document
Global Currency Dynamics and Challenges by Prerit is a document available to read on EtoBox.
- Historically, international trade was denominated in gold, which acted as an early global currency. After World War II, the US dollar became the dominant global currency through its peg to gold under the Bretton Woods system. - Since the collapse of Bretton Woods in 1971, most currencies are no longer pegged to the US dollar, but it remains the dominant currency for international transactions due to the size of the US economy. - The only other serious challengers have been the Japanese yen in the 1980s
- Author
- Prerit
- Language
- EN