Author Question: The collapse of the Bretton Woods system marked A) the end of floating exchange rates and a move ... (Read 141 times)

amal · **on:** Jun 30, 2018

The collapse of the Bretton Woods system marked

A) the end of floating exchange rates and a move to fixed exchange rates.
B) marked the end of fixed exchange rates and a move to floating exchange rates.
C) the beginning of the gold standard.
D) a plunge in the price of gold.
E) the elimination of paper currencies.

Question 2

What are the main lessons economists learned from the developing country crisis?

What will be an ideal response?

Heffejeff · **Reply #1 on:** Jun 30, 2018

Answer to Question 1

B

Answer to Question 2

(1 ) Choosing the right exchange rate regime
(2 ) The central importance of sound banking system
(3 ) The proper sequence of reform measures
(4 ) The importance of contagion