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1988 | OriginalPaper | Chapter

The Evolution of the Exchange Rate from “Sacrosanct” Parity to Flexible Monetary Policy Instrument

Author : Otmar Emminger

Published in: German Yearbook on Business History 1987

Publisher: Springer Berlin Heidelberg

Included in: Professional Book Archive

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Deutsche Bundesbank’s refusal to continue supporting the dollar at a fixed rate after the dollar nose-dived on March 1, 1973 triggered off an avalanche in the international monetary landscape. It resulted in the collapse of the Bretton-Woods-system of fixed parities and in the introduction of the mixed system of free floating and the European “snake”.

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Metadata
Title
The Evolution of the Exchange Rate from “Sacrosanct” Parity to Flexible Monetary Policy Instrument
Author
Otmar Emminger
Copyright Year
1988
Publisher
Springer Berlin Heidelberg
Book
German Yearbook on Business History 1987

Print ISBN: 978-3-642-73932-3

Electronic ISBN: 978-3-642-73930-9

Copyright Year: 1988

DOI
https://doi.org/10.1007/978-3-642-73930-9_1