The Basics of Foreign Exchange Markets A Monetary Systems Approach【電子書籍】[ William D. Gerdes ]

＜p＞＜strong＞In an increasingly interdependent global economy, an understanding of foreign exchange markets is more critical than ever.＜/strong＞ These markets are inextricably entwined with underlying monetary standards and consequently they are treated conjointly in this book. Four different foreign exchange rate regimes are analyzed including exchange rates under commodity money, fiduciary money, fiat money (with fixed exchange rates), and fiat money (with flexible exchange rates).＜/p＞ ＜p＞For more than eight decades, most countries have operated with fiat money. Proponents maintain that fiat money provides individual countries with much greater monetary autonomy. Yet both analytics and experience indicate that this is not always the case. Whether a country has more monetary autonomy depends on whether fiat money is paired with fixed or flexible exchange rates. Although flexible exchange rate regimes are not without their critics, it has become increasingly apparent that fiat money with．．．楽天市場のショップで商品詳細の続きを見る