Bretton Woods Fixed Exchange Rate System versus Floating Exchange Rate System

Paula Geza and Laura Giurca Vasilescu

MPRA Paper from University Library of Munich, Germany

Abstract: One of the most important issues of monetary policy is to find out whether the state should intervene among the exchange rates, taking into account the fact that changes in the exchange rates represent a significant transmission channel of the effects generated by the monetary policy. Taking into consideration the failure of fixed exchange rate regimes and the recent improvement of financial markets, the return in the near future to such a regime – as for example the Bretton Woods system – is probably almost impossible.

Keywords: Fixed exchange rate; floating exchange rate; Bretton Woods system (search for similar items in EconPapers)
JEL-codes: E42 F31 (search for similar items in EconPapers)
Date: 2011-03-29
New Economics Papers: this item is included in nep-ifn, nep-mac and nep-mon
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