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Chapter 3 The International Monetary System
History of the International Monetary System ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
History of the International Monetary System ,[object Object],[object Object],[object Object],[object Object],[object Object]
History of the International Monetary System ,[object Object],[object Object],[object Object]
History of the International Monetary System ,[object Object],[object Object],[object Object],[object Object]
History of the International Monetary System ,[object Object],[object Object],[object Object],[object Object],[object Object]
History of the International Monetary System ,[object Object],[object Object],[object Object]
Exhibit 3.1  U.S. Dollar-Denominated Interest Rates, June 2005
History of the International Monetary System ,[object Object],[object Object],[object Object],[object Object]
History of the International Monetary System ,[object Object],[object Object],[object Object],[object Object]
History of the International Monetary System ,[object Object],[object Object],[object Object]
Exhibit 3.2  The IMF’s Nominal Exchange Rate Index of the U.S. Dollar and Significant Events 1957-2008
The IMF’s Exchange Rate  Regime Classifications ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Fixed Versus Flexible  Exchange Rates ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Fixed Versus Flexible  Exchange Rates ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Attributes of the “Ideal” Currency ,[object Object],[object Object],[object Object],[object Object],[object Object]
Exhibit 3.4  The Impossible Trinity
Emerging Markets  and Regime Choices ,[object Object],[object Object],[object Object],[object Object]
Emerging Markets  and Regime Choices ,[object Object],[object Object],[object Object],[object Object]
The Euro:  Birth of a European Currency ,[object Object],[object Object]
The Euro:  Birth of a European Currency ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Effects of the Euro ,[object Object],[object Object],[object Object],[object Object]
Achieving Monetary Unification ,[object Object],[object Object],[object Object]
Exchange Rate Regimes:  The Future ,[object Object],[object Object],[object Object],[object Object],[object Object]
Exhibit 3.8  The Trade-offs between Exchange Rate Regimes
Mini-Case Questions:  The Revaluation of the Chinese Yuan ,[object Object],[object Object]
Mini-Case Questions:  The Revaluation of the Chinese Yuan (cont’d) ,[object Object],[object Object]
Additional Chapter Exhibits Chapter 3
Exhibit 3.3  World Currency Events, 1971–2008
Exhibit 3.3  World Currency Events, 1971–2008  (cont.)
Exhibit 3.5  The Ecuadorian Sucre Exchange Rate, November 1998–March 2000
Exhibit 3.6  The Currency Regime Choices for Emerging Markets
Exhibit 3.7  The U.S. Dollar/Euro Spot Exchange Rate, 1999–2008 (Monthly Average)
Exhibit 1  Monthly Average Exchange Rates: Chinese Renminbi per U.S. Dollar

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M03 eiteman0136091008 12_mbf_c03

  • 1. Chapter 3 The International Monetary System
  • 2.
  • 3.
  • 4.
  • 5.
  • 6.
  • 7.
  • 8. Exhibit 3.1 U.S. Dollar-Denominated Interest Rates, June 2005
  • 9.
  • 10.
  • 11.
  • 12. Exhibit 3.2 The IMF’s Nominal Exchange Rate Index of the U.S. Dollar and Significant Events 1957-2008
  • 13.
  • 14.
  • 15.
  • 16.
  • 17. Exhibit 3.4 The Impossible Trinity
  • 18.
  • 19.
  • 20.
  • 21.
  • 22.
  • 23.
  • 24.
  • 25. Exhibit 3.8 The Trade-offs between Exchange Rate Regimes
  • 26.
  • 27.
  • 29. Exhibit 3.3 World Currency Events, 1971–2008
  • 30. Exhibit 3.3 World Currency Events, 1971–2008 (cont.)
  • 31. Exhibit 3.5 The Ecuadorian Sucre Exchange Rate, November 1998–March 2000
  • 32. Exhibit 3.6 The Currency Regime Choices for Emerging Markets
  • 33. Exhibit 3.7 The U.S. Dollar/Euro Spot Exchange Rate, 1999–2008 (Monthly Average)
  • 34. Exhibit 1 Monthly Average Exchange Rates: Chinese Renminbi per U.S. Dollar