【学习笔记】International Finance 国际金融论研究 学习笔记-8

Part I

Basics ofInternational Finance --8

Ch2 --5

InternationalMonetary System

Evolution of the InternationalMonetary System --7

Fixed versus Flexible Exchange Rate Regimes --1

1.      Argumentsin favor of flexible exchange rates:

  –Easier external adjustments.

  –National policy autonomy.

2.      Argumentsagainst flexible exchange rates:

  –Exchange rate uncertainty may hamperinternational trade.

  –No safeguards to prevent crises.

Fixed versus Flexible Exchange Rate Regimes --2