International Business: The Challenges of Globalization (8th Edition)
International Business: The Challenges of Globalization (8th Edition)
8th Edition
ISBN: 9780133866247
Author: John J. Wild, Kenneth L. Wild
Publisher: PEARSON
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Chapter 10.4, Problem 1QS4
Summary Introduction

To Determine:

The name of the system for an exchange rate system in which currencies float against one another with governments intervening to stabilize currencies at target rates.

Introduction:

To return to the system of the fixed exchange rate was uncertain by 1976. Therefore, the Jamaican Agreement was drafted by the world leaders, members of the IMF. As the new international monetary system, the existing floating exchange rate system was formalized.

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