lecture 3 (incomplete)

3 Pages
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Department
Political Science
Course Code
POLB81H3
Professor
Francis Wiafe- Amoako

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Description
Lecture 3 notes Polb81h3 Global fianc International monetary and financial systemCritical role in global economyUndergone transformations to changes in domestic and global conditionsChanges o Collapse of Money and politicsWhat money to be used to facilitate international economic transactions and how it should be managedWhat is the exchange relationship between national currenciesHow should credit be allocated at the international levelInternational monetary system has distributive effects on the power of states as well as the welfare of groups within these statesIt facilitates the growth of world trade foreign investments and global interdependence Classic gold standardAn automatic adjustment mechanism that is designed to impose market logic to the prevailing patterns of international trade and global financeStates currencies were pegged to gold at
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