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International Monetary Problems and the Foreign Exchanges (Classic Reprint) - Hardcover

Egon Sohmen

 
9780331434392: International Monetary Problems and the Foreign Exchanges (Classic Reprint)

Synopsis

How exchange rates shape economies and policy

A clear, accessible look at how currencies move, why markets matter, and what that means for trade and living standards.

This book explains the mechanics behind the world’s monetary system, from par values to the current practice of flexible rates. It untangles complex ideas with practical focus on real-world effects, policy choices, and historical developments.
  • Learn how exchange rates are set and what central banks actually do to prevent wild swings
  • See how depreciation, terms of trade, and the balance of payments interact in simple terms
  • Compare different views on how an economy adjusts to external shocks and why theories differ
  • Understand the evolution of the Bretton Woods system, convertibility, and international finance institutions
Ideal for readers of economics and policy who want a straightforward grounding in how money moves and matters in international trade.

"synopsis" may belong to another edition of this title.