Bretton-Woodský měnový systém: Systém fixních nebo de-facto plovoucích kurzů?
[Bretton-Woods Monetary System: Was It Fixed or De-facto Floating?]
AbstractInternational monetary system made by agreement in Bretton – Woods, is widely known to be the system of fixed exchange rates with allowed +/- 1% band of oscillation. As such, it is viewed as the period of exchange rates stability. However, our analysis of Reinhart – Rogoff’s (2004) database of exchange rates regimes shows, that most countries chose far more flexible exchange rates’ regimes. By the same token, the de – facto exchange rates varied very often and substantially from the officially declared ones.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 15297.
Date of creation: 21 May 2009
Date of revision:
International monetary system; Bretton – Woods; foreign exchange rates; peg; floating;
Find related papers by JEL classification:
- F31 - International Economics - - International Finance - - - Foreign Exchange
- F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
This paper has been announced in the following NEP Reports:
- NEP-ALL-2009-05-30 (All new papers)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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