How is bretton woods system different …
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Meghna Thapar 5 years, 2 months ago
The Bretton Woods Agreement and System created a collective international currency exchange regime that lasted from the mid-1940s to the early 1970s. The Bretton Woods System required a currency peg to the U.S. dollar which was in turn pegged to the price of gold. The Bretton Woods system was a fixed exchange rate system, while the gold standard was a floating exchange rate system. ... This occurred because the baht was pegged too high in value against the dollar.
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