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International Monetary Development

International Monetary Development

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Published by raviqd86
ppt on international finance parts
ppt on international finance parts

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Published by: raviqd86 on Mar 11, 2010
Copyright:Attribution Non-commercial

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12/31/2013

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INTERNATIONAL MONETARYDEVELOPMENT
 IMF is aninternational organizationthat oversees theglobal financial system  by following themacroeconomic policiesof its member countries.
 It impact onexchange ratesand thebalance of payments.
 It is an organization formed with a stated objective of stabilizing internationalexchange rates and facilitating development.
 
 It also offers highlyleveraged  loans , mainly to poorer countries.
 
GOLD
 
STANDARD
The
gold standard
is amonetary systemin which the standardeconomic unit of accountis a fixed weight of gold.
A monetary system in which a country's government allowsits currency unit to be freely converted into fixed amounts of goldand vice versa
 
BRETTON WOODS SYSTEM
The
Bretton Woods system
of monetarymanagement established the rulesforcommercialandfinancialrelations among the world's majorindustrial statesin the mid 20th century.
The Bretton Woods system was the first example of a fully negotiatedmonetary order intended to govern monetary relations among independentnation-states.

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