Mgnt 4670 Ch 11 Intl Monetary System (Fall 2007)

CHAPTER 11 THE GLOBAL MONETARY SYSTEM

International Monetary System ,[object Object],[object Object],[object Object],[object Object]

TERMS ,[object Object],[object Object],[object Object],[object Object],[object Object]

WHY A FIXED RATE? ,[object Object],[object Object],[object Object],[object Object]

WHY A FLOATING RATE? ,[object Object],[object Object],[object Object],[object Object]

$MONEY, MONEY, MONEY$ ,[object Object],[object Object],[object Object],[object Object],[object Object]

History of Profit and Money ,[object Object],[object Object],[object Object]

History of Profit and Money ,[object Object],[object Object]

The Gold Standard-1800’s ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

The Gold Standard ,[object Object],[object Object],[object Object]

Between the Wars 1914-1939 ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Key Date: Bretton Woods, 1944 ,[object Object],[object Object],[object Object],[object Object],[object Object]

International Monetary Fund ,[object Object],[object Object],[object Object]

IMF: MAIN DUTIES TODAY ,[object Object],[object Object],[object Object]

WORLD BANK ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

1945-73: FIXED EXCHANGE RATES: US $ IS Main Reserve ,[object Object],[object Object],[object Object],[object Object],[object Object]

1970’s: MONETARY SYSTEM UNDER PRESSURE: COLLAPSE OF THE FIXED EXCHANGE RATE ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

1976: FLOATING EXCHANGE RATE REGIME ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

TODAY’S REGIME: ECLECTIC IMF MEMBER REGIME CHOICES, 2004 p. 380 6 th ed.

International Monetary System Evolution ,[object Object],[object Object],Many forms of money Main World Trading Partners Adopt the Gold Standard IMF countries Adopt fixed rate Tied to the U.S. $ (which is backed by gold Mixed system with Major currencies being floated; Other currencies- various systems 1973 - NOW On and off The Gold Standard

FLOATING EXCHANGE RATE REGIME SINCE 1973 ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

FINANCIAL CRISES in the POST-BRETTON WOODS ERA ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Anatomy of CURRENCY CRISES ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Anatomy of CURRENCY CRISES ,[object Object],[object Object],[object Object],[object Object]

WHAT HAPPENS WHEN THERE IS FINANCIAL CRISIS IN A COUNTRY? ,[object Object],[object Object],[object Object],[object Object]

MEXICO CRISIS: 1995 ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

MEXICO CRISIS: 1995 ,[object Object],[object Object],[object Object],[object Object]

MEXICO CRISIS: Impact on Wal-Mart ,[object Object],[object Object],[object Object],[object Object]

ASIAN CRISIS ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

ASIAN CRISIS ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

ASIAN CRISIS ,[object Object],[object Object],[object Object],[object Object],[object Object]

ASIAN CRISIS ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

CRITIQUE OF IMF POLICIES ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

IMPLICATIONS FOR BUSINES ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Mgnt 4670 Ch 11 Intl Monetary System (Fall 2007)

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Mgnt 4670 Ch 11 Intl Monetary System (Fall 2007)