1. NS3040 Fall Term 2018 International Monetary Systems
Federal Reserve Bank of Chicago, Strong Dollar Weak Dollar

2. Overview
Various global financial systems have existed at one point or another
Gold Standard – late 1800s to 1930s, although countries went off during WWI – problems of off an on
Flexible exchange rates – 1930s -- competitive devaluations
Bretton Woods System 1946 – quasi fixed system
Hybrid system current with no formal rules
Bretton Woods II? Said to characterize the current system

3. Gold Standard

4. Bretton Woods System

5. Current System