Textbook Notes (368,460)
Canada (161,892)
POLI 354 (26)

Power , Money and Trade - Politics of Monetary Regime

3 Pages
Unlock Document

Political Science
POLI 354
Mark Brawley

POLITICS OF INTERNATIONAL MONETARY REGIMESMoney performs three essential functions i As a measure ii Medium of exchangeTrade would have have to take place via barterYou would need double coincidence of wantsiii Store of valueInternational markets are to work via market exchangethen some sort of international money is neededIn international monetary regimes we studyi Exchange rates Refers to the rules governing how national currencies are traded Exchange rates themselves are only the prices of one currency in terms of other currencies Whether they are fixedfloating or somwehre in the middleii Nature of the reservesa Commodity Precious metal like gold or silverwhich serves as a monetary reserve because they have some high intrinsic value recognized internationallyb National currency c Money created by an international agencyiii Convertibility of capital How open or closed the international f
More Less

Related notes for POLI 354

Log In


Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.