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Erschienen in:
Buchtitelbild

1988 | OriginalPaper | Buchkapitel

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

verfasst von : Otmar Emminger

Erschienen in: German Yearbook on Business History 1987

Verlag: Springer Berlin Heidelberg

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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”.

Metadaten
Titel
The Evolution of the Exchange Rate from “Sacrosanct” Parity to Flexible Monetary Policy Instrument
verfasst von
Otmar Emminger
Copyright-Jahr
1988
Verlag
Springer Berlin Heidelberg
DOI
https://doi.org/10.1007/978-3-642-73930-9_1