Ims if sarjeevan
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The document discusses the evolution of international monetary systems from Bretton Woods to present. It describes the key aspects of the Bretton Woods system established in 1945 including the gold exchange standard and the creation of the IMF and World Bank. It then outlines the transition to a flexible exchange rate regime in 1973 after the demise of Bretton Woods. Finally, it discusses considerations for an ideal international monetary system.
Ims if sarjeevan
- 1. International Monetary System Sarjeevan Sainbhi Sarjeevan Sainbhi 1
- 2. Bretton Woods System: 19451972 Signing of Articles of Agreement of the International Monetary Fund (IMF). Creation of sister institution i.e. The international Bank of Reconstruction and Development (IBRD), better known as the World Bank. Sarjeevan Sainbhi 2
- 3. Bretton Woods System: 19451972 Design of the Gold-Exchange System British German French Pound Mark Franc Par value U.S. Dollar Pegged at $35/oz. Gold Sarjeevan Sainbhi 3
- 4. Bretton Woods System: 19451972 Triffin Paradox Special Drawing Rights (SDRs) Portfolio of currencies. Smithsonian Agreement : G-10. Sarjeevan Sainbhi 4
- 5. The Flexible Exchange Rate Regime: 1973-Present Followed the Demise of the Bretton Woods system. Jamaica Agreement Plaza Accord: G-5 Louvre Accord: G-7 Sarjeevan Sainbhi 5
- 6. Fixed vs. Flexible Exchange rate regime Key feature of flexible exchange rates: Easier external Adjustments National Policy Autonomy Drawback: Exchange rate uncertainty may hamper international trade & investment. Sarjeevan Sainbhi 6
- 7. Ideal International Monetary system Liquidity Adjustment Confidence IMS should be able to provide the world economy with sufficient monetary reserves to support the growth of international trade and investment Sarjeevan Sainbhi 7