Postwar worlds key currency, International Economics

Assignment Help:

Q. Explain why the dollar of the United States became the postwar world's key currency.

Answer:

1. The untimely convertibility of the U.S dollar in 1945.

2. The special position of the dollar in the Bretton Woods system.

3. The potency of the American economy relative to the devastated economies of Europe and Japan.

4. Central banks logically found it advantageous to hold their international reserves in the form of interest-bearing dollar assets.


Related Discussions:- Postwar worlds key currency

Land- and labor-intensive, Q.. "A good cannot be both land- and labor-inte...

Q.. "A good cannot be both land- and labor-intensive." Discuss. Answer: In a two good or two factor models for instance the original Heckscher-Ohlin framework and the factor

Fiscal policies to both internal and external balances, Q. Using the II - X...

Q. Using the II - XX framework, show using a figure that fiscal policies by themselves cannot bring the economy to both internal and external balances. Answer: Starting at poi

International Trade, What constitutes the basis for trade? What are the ga...

What constitutes the basis for trade? What are the gains from trade in terms of production and consumption? Use theories and examples from a country of your choice.

Theories about the problems of lower income countries, Theories about the P...

Theories about the Problems of LICs are discussed below: In order to explain this big problem of poverty and of the asymmetric ownership of the wealth and income in the world,

Ppp theory with regard to the real exchange rates, Q. What are the pr...

Q. What are the predictions of the PPP theory with regard to the real exchange rates? Answer: The real exchange rate among two countries is a broad summary measure of

Opportunity cost, what are the different forms of opportunity cost theory

what are the different forms of opportunity cost theory

Alternative theories of trade, How can I present the theories step by step ...

How can I present the theories step by step in an assignment?

Income distribution, argument about fair distribution of income and gnp as ...

argument about fair distribution of income and gnp as a measurment of economic growth

Neo - classical models explanation of the determinants, Q. If a scale econ...

Q. If a scale economy is the dominant technological factor establishing or defining comparative advantage, then the underlying facts explaining why a particular country dominates

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd