International Monetary System by A.V. Vedpuriswar
Name : International Monetary System by A.V. Vedpuriswar.
Category : Finance
Files Source: www.vedpuriswar.org
File Added : August 27, 2010
Size : 213 KB
Download : 614
This online presentation talk about introduction International Monetary System, global forex trading, Currencies : ISO Codes, country’s choice of exchange rate system, Export dependence on a few commodities, and other.
Content summary :
International Trade – Barter
Bond issues to finance infrastructure projects in developing countries (19th century)
Gold Standard (1879 – 1934)
Bretton Woods (1944 – 1971)
1960s: Decline of U.S Economy
1971: Devaluation of Dollar
Managed / Dirty float
America,Germany first to free capital flows
Britain, 1979, Japan, 1980 (mostly)
France, Italy removed restrictions in 1990
Currency Board in Hong Kong
Dollarisation
Creeping peg in Brazil
The Euro
The rise of China
Is the dollar losing its importance?
Forex Markets
* Players : Individuals, corporate banks, central banks and securities firms
* 95 % of trading between banks
* More than 97 % or trading is speculative
* Trading almost around the clock
* Dealing room
* Reuter’s screen
* Society for Worldwide Interbank Financial Telecommunication, Sophisticated electronics technology…………………….” Download for more information!!
