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Bretton Woods Fixed Exchange Rate System versus Floating Exchange Rate System

Author

Listed:
  • Geza, Paula
  • Giurca Vasilescu, Laura

Abstract

One of the most important issues of monetary policy is to find out whether the state should intervene among the exchange rates, taking into account the fact that changes in the exchange rates represent a significant transmission channel of the effects generated by the monetary policy. Taking into consideration the failure of fixed exchange rate regimes and the recent improvement of financial markets, the return in the near future to such a regime – as for example the Bretton Woods system – is probably almost impossible.

Suggested Citation

  • Geza, Paula & Giurca Vasilescu, Laura, 2011. "Bretton Woods Fixed Exchange Rate System versus Floating Exchange Rate System," MPRA Paper 29932, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:29932
    as

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    File URL: https://mpra.ub.uni-muenchen.de/29932/1/MPRA_paper_29932.pdf
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    References listed on IDEAS

    as
    1. Preston J. Miller & Richard M. Todd, 1992. "Real effects of monetary policy in a world economy," Staff Report 154, Federal Reserve Bank of Minneapolis.
    2. repec:cto:journl:v:20:y:2000:i:1:p:109-113 is not listed on IDEAS
    3. Frenkel, Jacob A. & Mussa, Michael L., 1985. "Asset markets, exchange rates and the balance of payments," Handbook of International Economics, in: R. W. Jones & P. B. Kenen (ed.), Handbook of International Economics, edition 1, volume 2, chapter 14, pages 679-747, Elsevier.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Fixed exchange rate; floating exchange rate; Bretton Woods system;
    All these keywords.

    JEL classification:

    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
    • F31 - International Economics - - International Finance - - - Foreign Exchange

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