<a onClick="window.open('/olcweb/cgi/pluginpop.cgi?it=jpg::::/sites/dl/free/0073102555/324680/globe.jpg','popWin', 'width=NaN,height=NaN,resizable,scrollbars');" href="#"><img valign="absmiddle" height="16" width="16" border="0" src="/olcweb/styles/shared/linkicons/image.gif"> (1.0K)</a>CHAPTER 11

Opening Case
Rescuing Brazil

Introduction

The Gold Standard
     Mechanics of the Gold Standard
     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
     Currency Boards

Country Focus
Argentina's Currency Board

Crisis Management by the IMF
     Financial Crises in the Post–Bretton Woods Era
     Mexican Currency Crisis of 1995
     The Asian Crisis
     Evaluating the IMF’s Policy Prescriptions

Country Focus
Turkey's 18th IMF Program

Implications for Managers
     Currency Management
     Business Strategy

Management Focus
Airbus and the Euro 39
     Corporate–Government Relations

Chapter Summary

Critical Thinking and Discussion Questions

Research Task

Closing Case
China's Pegged Exchange Rate