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The International Capital Market and the International Monetary System

Erik Hoffmeyer

Chapter 13 in Money and the Economy: Central Bankers’ Views, 1987, pp 245-261 from Palgrave Macmillan

Abstract: Abstract In this chapter I shall discuss three main problems. The first concerns the breakdown of the Bretton Woods system — the fixed-rate system or adjustable-peg system. In order to understand the forces now at work, I think it is necessary to have a clear notion of why the old system was abandoned.

Keywords: Exchange Rate; Market Force; International Capital; Capital Movement; Real Effective Exchange Rate (search for similar items in EconPapers)
Date: 1987
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-07927-8_14

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DOI: 10.1007/978-1-349-07927-8_14

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