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The Floating Exchange Rate Regime

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MAIN ELEMENTS: `

Floating rates were declared acceptable.

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Gold was abandoned as reverse asset.

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Total annual IMF quotas were increased.

 

1.

2. 3. 4. 5.

The oil crisis in 1971. The loss of confidence in the dollar. dollar. The oil crisis of 1979. The unexpected rise in the dollar between 1980  & 1985. The rapid fall of the U. S. dollar against the Japanese yen and German deutsche mark 1985

6.

7.

1987

between & The partial collapse of. the European Monetary System in 1992. The 1997 Asian currency crisis.

 

1.

Slowdown in U.S. economic activity & sluggish recovery recovery..

2.

Expansion of U.S. govt.¶s budget deficit.

3.

³Talk±down´ of value of dollar by the U. S. officials.

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