국제금융론 CONTROVERSIES OVER EXIT STRATEGY AND KEY CURRENCY AFTER GLOBAL FINANCIAL ECONOMIC CRISIS
- 최초 등록일
- 2014.09.19
- 최종 저작일
- 2009.10
- 10페이지/
한컴오피스
- 가격 1,000원
소개글
CONTROVERSIES OVER
EXIT STRATEGY AND KEY CURRENCY
AFTER GLOBAL FINANCIAL ECONOMIC CRISIS
목차
Ⅰ. Introduction
Ⅱ. Korea: One year after financial crisis
Ⅲ. Debate on Exit Strategy
Ⅳ. Debate on Key Currency
Ⅴ. Conclusion
본문내용
Ⅰ. Introduction
The collapse of a global housing bubble, which peaked in the U.S, in 2006, caused the value of securities tied to housing prices to decline thereafter, damaging financial institution globally. Economies worldwide slowed in late 2008 and early 2009 as credit tightened and international trade decreased. Government and central banks responded with unprecedented fiscal stimulus, monetary policy expansion, and institutional bailouts. That is, U.S. sub-prime mortgage crisis becomes global economic crisis, as the financial market crisis spreads to real market.
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such as Switzerland and France, lost faith in the Dollar and began to trade their Dollar reserve into gold from the US. In order to stabilize the economy, President Nixon canceled the Bretton Woods System in 1971. After that, the Dollar could no longer be converted into gold directly.
In the following 30 years, after the collapse of fixed exchange rate under the Bretton Woods System, most major countries in the world adopted floating exchange rates. But most international transactions are still denominated in Dollars; this maintains the US Dollar as the de facto world currency.
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