ADM 3318 Lecture Notes - Lecture 7: International Monetary Fund, Federal Reserve System, Japanese Yen

• School: University of Ottawa
• Department: Administration
• Course: ADM 3318
• Professor: Ado Abdoulkadre

Document Summary

Adm3318 monday february 29th - international institutions and global monetary system. Engages a wide variety of stakeholders- policymakers, parliamentarians, academics, major groups, foundations, business sector representatives, and ngos in a productive dialogue on sustainable development. Un article 55: with a view to the creation of conditions of stability and well-being which are necessary for peaceful and friendly relations among nations based on respect for the principle of equal rights and self-determination of peoples. The global monetary system refers to the institutional arrangements that countries adopt to govern exchange rates. Gold standard: system in which the value of most major currencies was maintained by fixing their prices in terms of gold, which served as the common denominator. Bretton-woods system: system in which all currencies were pegged at a fixed rate to the us dollar. Post-bretton woods system: system of flexible exchange rate regimes with no official common denominator.