Chapter 7 International Monetary System ●第一节国际货市体系概述 ●国际货币体系的涵义 国际间进行各种交易支付所采用的一系列安排和惯 例;以及支配各国货币关系的一套规如和机构 The channels of interdependence depend, in turn on the monetary and exchange rate arrangements that countries adopted-a set of institutions called the international monetary system
Chapter 7 International Monetary System 第一节 国际货币体系概述 国际货币体系的涵义 国际间进行各种交易支付所采用的一系列安排和惯 例；以及支配各国货币关系的一套规则和机构。 The channels of interdependence depend, in turn, on the monetary and exchange rate arrangements that countries adopted-a set of institutions called the international monetary system
Arrangement Categories ●国际收支及其调节 ●汇率决定及其变动 国际货币或储备资产的数量和形式 国际金融市场与资本流动 国际货币合作的形式与机构 g Objects and Functions Internal balance requires the full employment of a country' resources and domestic price level stability. EXternal balance is attained when a countrys current account is neither so deeply in deficit - nor so strongly in surplus
Arrangement Categories 国际收支及其调节 汇率决定及其变动 国际货币或储备资产的数量和形式 国际金融市场与资本流动 国际货币合作的形式与机构 Objects and Functions Internal balance requires the full employment of a country’ resources and domestic price level stability. External balance is attained when a country’s current account is neither so deeply in deficit nor so strongly in surplus
Types of International monetary system 1.汇率制度 exchange rate system (1) FiXed exchange rate system (2) Adjustable Peg ③) Crawling Peg 4)Managed Float (5)Floating exchange rate system 2.货币本位 monetary standard( reserve asset (1)Commodity Standard(Gold Standard) (2) Credit Standard(inconvertible paper money) ( 3)Mixed Standard(gold exchange standard)
Types of International monetary system 1. 汇率制度 exchange rate system (1) Fixed exchange rate system (2) Adjustable Peg (3) Crawling Peg (4) Managed Float (5) Floating exchange rate system 2. 货币本位 monetary standard (reserve asset) (1) Commodity Standard (Gold Standard) (2) Credit Standard (inconvertible paper money) (3) Mixed Standard (gold exchange standard)
The Gold standard(1) 第二节/国际金本位制度的形成及其特点 The gold standard had its origin in the use of gold coins as a medium of exchange, unit of account, and store of value. The gold standard as a legal institution dates from 1819, when the British Parliament passed the Resumption Act-exchanging currency notes for gold on demand at a fixed rate
The Gold Standard (1) 第二节 国际金本位制度的形成及其特点： The gold standard had its origin in the use of gold coins as a medium of exchange, unit of account, and store of value. The gold standard as a legal institution dates from 1819, when the British Parliament passed the Resumption Act-exchanging currency notes for gold on demand at a fixed rate
The Gold Standard(2 e Later in the nineteenth century, Germany,Japan, and other countries also adopted the gold standard The United States effectively joined the gold standard in 1879 when it pegged to gold the paper"greenbacks issued during the Civil War. The U.S. Gold Standard act of 1 900 institutionalized the dollar-gold link
The Gold Standard (2) Later in the nineteenth century, Germany, Japan, and other countries also adopted the gold standard. The United States effectively joined the gold standard in 1879 when it pegged to gold the paper “greenbacks” issued during the Civil War. The U. S. Gold Standard Act of 1900 institutionalized the dollar-gold link