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

Bednarik, Radek (2009): Bretton-Woodský měnový systém: Systém fixních nebo de-facto plovoucích kurzů? Forthcoming in: MEKON 2009 , Vol. 1, No. 11 (21 May 2009)

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.

• Item Type: MPRA Paper
• English Title: Bretton-Woods Monetary System: Was It Fixed or De-facto Floating?
• Language: Czech
• Keywords: International monetary system, Bretton – Woods, foreign exchange rates, peg, floating
• Subjects: F - International Economics > F3 - International Finance > F31 - Foreign Exchange; F - International Economics > F3 - International Finance > F33 - International Monetary Arrangements and Institutions

References

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