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

Policy tool under fixed exchange rates, Q. "A monetary policy is not ...

Q. "A monetary policy is not a policy tool under fixed exchange rates." Discuss. Answer: It is True Under fixed exchange rates domestic asset transactions by the centr

Trams of trade, different between her barter terms of trade and net barter ...

different between her barter terms of trade and net barter terms of trade

INTERNATIONAL MEASUREMENT FOR ECONOMIC DEVELOPMENT, WHAT ARE THE ROLES OF F...

WHAT ARE THE ROLES OF FOREIGN TRADE IN ECONOMIC DEVELOPMENT

Explain why relative ppp is useful, Q. Explain why Relative PPP is useful w...

Q. Explain why Relative PPP is useful when comparing countries that base their price levels on different product baskets. Answer: For instance If the U.S price level increase

Economic development of an economy, Question: Banks contribute to the e...

Question: Banks contribute to the economic development of a country. Banks have always been financing projects that help individuals and enterprises fulfill their plans. Howev

Economic reasoning behind this behaviour, In this year, the Bank of Canada ...

In this year, the Bank of Canada raised the target for overnight rate consistently and continuously.  The rate changes are as follows: Date Target (%)

Describe forms of capital inflow to finance external deficit, Q. Describe a...

Q. Describe alternative forms of capital inflow to finance external deficits and explain why these methods were used in different times? Answer: The capital inflows to facili

Gross barter terms of trade, tion..What is the range of gross barter terms ...

tion..What is the range of gross barter terms of trade ?

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

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