We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Economics - Term Paper Example

Comments (0)
Topic: Provide a brief summary and a basic timeline of the international monetary arrangement that came into being with the Bretton Woods agreement of 1944. Why was the agreement instituted? What purpose did it serve? Why did it collapse?
The Bretton Woods Agreement came into…
Download full paper
Economics term paper
Read TextPreview

Extract of sample

Download file to see previous pages... 44 Allied nations from 1 July to 22 July 1944 to sign agreements for the establishment of International Bank for Reconstruction (IBRD, the World Bank), the International Trade Organization (ITO), and the International Monetary Fund (IMF). A system of exchange rate management was deployed, which was working till 1970. Currency conversion was mandatory by the member countries of the agreement, which became functional only in 1959, culminating in the setting of IMF and IBRD. As per the agreement, the member nations needed to consult one anther to reach a unilateral decision on global monetary developments, impacting the economies of all nations. The purpose behind the creation of IBRD was to take quick action for post-war reconstruction, to reach political stability, and promote peace through making of programs for reconstruction and development .
Thus, the major industrial nations of the world came closer by framing rules for introducing a system of monetary functions of businesses among the allied powers of the World War II. By 1945, the IBRD an associate of World Bank Group currently and IMF started functioning after the ratification of the agreement by a good number of member countries. As per the agreement, in each member country’s monetary policy it was mandatory to maintain the exchange rate of its currency around a fixed value with the flexibility of 1 percent up or down against gold. It was essential to clear the imbalances in payments by the IMF. The system couldn’t work beyond 1971 due to increasing financial glitches and one-sided termination of conversion of dollar into gold by the United States. This action of the United States created furors in the international economy, and a new situation surfaced making the dollar “reserve currency” for the member nations that signed the agreement .
The worldwide depression of ...Download file to see next pagesRead More
Comments (0)
Click to create a comment or rate a document
Economics term papaer
It was announced in order to encourage the currency from appreciating. There are various kinds of reserves that the bank needs to maintain. They are legal reserves, primary reserves, loan loss reserves and desired reserves among others. However, it is worthwhile mentioning in this case that the kind of reserves that was ordered by the Central Bank to the commercial bank has been the deposit reserves ratio.
4 Pages(1000 words)Term Paper
Microcredit Term Paper
The aim of microfinance is to help those individuals who cannot access credit from regular banks due to insufficiency of adequate collateral. This paper describes micro financing in relation to the reason why the poor require loans from micro financing institutions.
9 Pages(2250 words)Term Paper
Arthashastra Term Paper
Its authorship is mainly attributed to Kautilya, an ancient scholar at Takshashilla and the teacher and guardian of Emperor Chandragupta Maurya, the man behind the founding of Mauryan Empire. Wise men say that nothing vindicates belief better than reality.
7 Pages(1750 words)Term Paper
Term paper
By and large, consumption goes beyond the mere act of buying and the subsequent consumption. As Mcnall (1990) notes, the latent function of consumption engender some form of signaling effect of uniqueness and exclusivity: "consumers actively involve themselves in purchases not only to consume but also as a way of 'telling' others who they are, or who they wish to become" (49), thus the status consumption.
7 Pages(1750 words)Term Paper
Macroeconomics Term Paper
This was being done in hope that the US housing prices would go up always but when to the contrary they started falling, the whole economic environment got massively affected and finally the US economy plunged deep into recession taking along with it major parts of the world economy.
8 Pages(2000 words)Term Paper
Economics Term paper
Modern advertising developed with the rise of mass production in the late 19th and early 20th centuries (Oxford Journal, April 20, 2009). In years, advertising is focused on the emphasis of consumers’ benefit to a certain product or service,
6 Pages(1500 words)Term Paper
Term paper for the class the economics of race and gender
changing times, women slowly started taking on several men oriented jobs like steel workers, physicians, and also office managers along with their normal household duties as well. This paper aims at analysing ten recent articles about the changing roles and how women are now
7 Pages(1750 words)Term Paper
Term paper for economics
Nonetheless, the point of departure between these agreeing line of thoughts involve the approaches to use while distributing wealth that a nation created. A number of theories and legends provide the way that nations should distribute the national cake, which are historical in
5 Pages(1250 words)Research Paper
Term Paper: Business Law
Underwriting means the process in which the bank handles the IPO process. Investment Banks are usually hired by the firms going public to handle these firms’ IPO cases. These banks may operate either
3 Pages(750 words)Term Paper
Term paper
Duane Reade is famous for its large number of stores. The firm was founded by Eli Cohen, Abraham Cohen and Jack Cohen. Presently the company has around 250 stores in different locations. Other than pharmaceutical products the company deals with
8 Pages(2000 words)Term Paper
Let us find you another Term Paper on topic Economics term paper for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us