INTERNATIONAL MONETARY SYSTEM | FINANCIAL MANAGEMENT | LEC 13 | COMMERCE | UGC-NET PAPER 2 скачать в хорошем качестве

INTERNATIONAL MONETARY SYSTEM | FINANCIAL MANAGEMENT | LEC 13 | COMMERCE | UGC-NET PAPER 2

INTERNATIONAL MONETARY SYSTEM | FINANCIAL MANAGEMENT | LEC 13 | COMMERCE | UGC-NET PAPER 2 International Monetary Systems The international monetary system refers to the operating system of the financial environment, which consists of financial institutions, multinational corporations, and investors. The international monetary system provides the institutional framework for determining the rules and procedures for international payments, determination of exchange rates, and movement of capital. The major stages of the evolution of the international monetary system can be categorized into the following stages. Before 1870, the international monetary system consisted of bimetallism, where both gold and silver coins were used as the international modes of payment. The exchange rates among currencies were determined by their gold or silver contents. Some countries were either on a gold or a silver standard. The international gold standard prevailed from 1875 to 1914. In a gold standard system, gold alone is assured of unrestricted coinage. There was a two-way convertibility between gold and national currencies at a stable ratio. No restrictions were in place for the export and import of gold. The exchange rate between two currencies was determined by their gold content. The gold standard ended in 1914 during World War I. Great Britain, France, Germany, and many other countries imposed embargoes on gold exports and suspended redemption of bank notes in gold. The interwar period was between World War I and World War II (1915-1944). During this period the United States replaced Britain as the dominant financial power of the world. The United States returned to a gold standard in 1919. During the intermittent period, many countries followed a policy of sterilization of gold by matching inflows and outflows of gold with changes in domestic money and credit. The Bretton Woods System was established after World War II and was in existence during the period 1945-1972. In 1944, representatives of 44 nations met at Bretton Woods, New Hampshire, and designed a new postwar international monetary system. This system advocated the adoption of an exchange standard that included both gold and foreign exchanges. Under this system, each country established a par value in relation to the US dollar, which was pegged to gold at $35 per ounce. App Link.: https://play.google.com/store/apps/de... Website link.: https://swamivivekanandinstitute.com/ Facebook link.:   / swamivivekanandinstitute1   Instagram Link.:   / swami_vivekanandinstitute   Registration Start for New Batch...... Hurry UP!!!!! We offer top-notch facilities for education:- *Highest Results in CSE 2022 *Genuine Students Review *Top Courses To Crack IAS Classes *Online | Offline Classes *Doubt Solving Session *Mock Test Series *Available PDF Notes *Recorded Classes Contact Us for more Details Phone No.- 9315200364 Address - C-105,Site-4, Budhela Vikaspuri, New Delhi 110018 #internationalmonetarysystem #ims #financemanagement #commerce #swamivivekanandinstitute #svi #ugcnet #students #ugcnet2023preparation #libraryandinformationscience #career #guidance #exam #preparation #ugcnet #upsc #librarysections #shaheenmaam