Chapter 10 Outline
The Tragedy of the Congo
(Zaire)
Introduction
The Gold Standard
Nature of the Gold Standard
The Strength of the Gold Standard
The Period between the Wars, 1918 - 1939
The Bretton Woods System
The Role of the IMF
The Role of the World Bank
The Collapse of the Fixed
Exchange Rate System
The Floating Exchange
Rate Regime
The Jamaica Agreement
Exchange Rates since 1973
Fixed Versus Floating
Exchange Rates
The Case for Floating Exchange Rates
The Case for Fixed Exchange Rates
Who Is Right?
Exchange Rate Regimes
in Practice
Pegged Exchange Rates and Currency Boards
Target Zones: The European Monetary System
Recent Activities and
the Future of the IMF
Financial Crises in the Post-Bretton Woods Era
Third World Debt Crisis
Mexican Currency Crisis, 1995
Russian Ruble Crisis
The Asian Crisis
Evaluating the IMF's Policy Prescriptions
Implications for Business
Currency Management
Business Strategy
Corporate - Government Relations
Chapter Summary
Critical Discussion Questions
Caterpillar Inc.
Notes
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