 | Learning Objectives
(See related pages)
- Describe the historical development of the modern global monetary system.
- Explain the role played by the World Bank and the IMF in the international monetary system.
- Compare and contrast the differences between a fixed and a floating exchange rate system.
- Identify exchange rate regimes used in the world today and why countries adopt different exchange rate regimes.
- Understand the debate surrounding the role of the IMF in the management of financial crises.
- Explain the implications of the global monetary system for currency management and business strategy.
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