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

NET BARTER TERMS OF TRADE OR COMMODITY TERMS OF TRADE, TERMS OF TRADE MEAN...

TERMS OF TRADE MEANING AND NET BARTER TERMS OF TRADE MEANING TABLE DIAGRAM

Effects of the reunification of eastern and western germany, Q. Discuss the...

Q. Discuss the effects of the reunification of eastern and western Germany in 1990 on both Germany and its neighboring European countries. Answer: Germany rumbles high interest

Fixed exchange rates, Q. "Fixed exchange rates are not even an option...

Q. "Fixed exchange rates are not even an option for most countries." Discuss. Answer: Durable fixed exchange rate arrangements may possibly not even be possible unless c

Economic investigations report, The latest economic investigations report t...

The latest economic investigations report that the recent earthquake, tsunami and nuclear disaster have led to an economic recession in Japan. This recession may reduce the demand

Dev Planning and Project Eva, 1. Species that have reached the extinction t...

1. Species that have reached the extinction threshold and are on the verge of extinction – beluga whales, African elephants, mountain gorillas and the California condor might be cl

Complete equalization of factor prices, Q. International trade leads to co...

Q. International trade leads to complete equalization of factor prices. Discuss. Answer : This statement is usually "true...but". Under a limited and strict set of assumpti

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

Free trade and protectionism, why is international trade important for sout...

why is international trade important for south Africa?.

How much steel will the monopolist sell, Q . Now the monopolist discovers ...

Q . Now the monopolist discovers that it will export as much as it likes of its steel at the world price of $5/ton. It will thus expand for- export production up to the point whe

SRC, What does SRC stand for?

What does SRC stand for?

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