Bretton-Woodský měnový systém: Systém fixních nebo de-facto plovoucích kurzů?

Bretton-Woods Monetary System: Was It Fixed or De-facto Floating?

Radek Bednarik (bednarik.radek@gmail.com)

MPRA Paper from University Library of Munich, Germany

Abstract: International 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.

Keywords: International monetary system; Bretton – Woods; foreign exchange rates; peg; floating (search for similar items in EconPapers)
JEL-codes: F31 F33 (search for similar items in EconPapers)
Date: 2009-05-21
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