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

Explain interest rate differential according to ppp theory, Describe and e...

Describe and explain the relationship between expected inflation rates in two countries and their interest rate differential according to the PPP theory. Answer:  Expected pric

What is the interest parity condition, Q. What is the interest parity cond...

Q. What is the interest parity condition? Answer: The circumstance that the expected returns on deposits of any two currencies are equal when measured in the same currency is

Nationalization of the YPF, I need a research essay about the effects socia...

I need a research essay about the effects socially and economically of nationalization of the YPF with 8 pages. How much it costs?

Protectionism and free trade, why is international trade important for sout...

why is international trade important for south africa

Change in money supply creates immediate demand and cost, "Although the pri...

"Although the price levels appear to display short-run stickiness in many countries, a change in the money supply creates immediate demand and cost pressures that eventually lead t

What are the main weaknesses of the east asian economies, Q. Based on the 1...

Q. Based on the 1997 Crisis and your own experience, what are the main weaknesses of the East Asian economies? Answer: The limitation is little productivity increases most of

Fixed versus floating exchange rates, 1 Answer True or False. Brief explain...

1 Answer True or False. Brief explain your answer. No credit without explanation. a Bretton Woods. During the Bretton Woods system countries with large current account surpluses

Financial resources, Financial Resources: The first investor is the Fitaih...

Financial Resources: The first investor is the Fitaihi Company under the leadership and technical and medical assistance of Dr. Walid Fitaihi, who was then joined by other investo

Open door economic policy, Open Cities & Open Coastal Areas: like the Sezs...

Open Cities & Open Coastal Areas: like the Sezs, aimed at attracting foreign investments and technology. They are : Dalian (Liaoning province); Qinhuangdao (Hebei), Tianjin, Yant

#foreign trade, What is the role of foreign trade in an economic developmen...

What is the role of foreign trade in an economic development of a country

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