POLI 244 Lecture Notes - Hegemonic Stability Theory, Exchange-Rate Regime, International Monetary Fund

98 views3 pages

Document Summary

The rate at which one currency is exchanged for another. Cheaper your currency is, the more people buy your stuff. When a company buys land, builds offices and factories, invests in another country"s businesses. Governments must manage to have markets opened enough for other countries to trade with it, but also closed enough to not be exploited. The us dollar was tied to gold and everyone else"s currency was tied to the. Manage situations in which countries ran out of foreign exchange. Provided short-term loans to countries so that country could keep trading. Created a set of rules to facilitate trades. Made it easier for countries to foster employment and make things happen. Punishments is still by states, but sanctioned by wto. But how do you punish the bigger players (china, usa) Decline of brits, failure of us to fill role --> great depression. Euro supposed to be a parallel/substitute to the dollar.

Get access

Grade+20% off
$8 USD/m$10 USD/m
Billed $96 USD annually
Grade+
Homework Help
Study Guides
Textbook Solutions
Class Notes
Textbook Notes
Booster Class
40 Verified Answers
Class+
$8 USD/m
Billed $96 USD annually
Class+
Homework Help
Study Guides
Textbook Solutions
Class Notes
Textbook Notes
Booster Class
30 Verified Answers

Related Documents

Related Questions