Discuss the characteristics of the three Monetary Systems obvserved during this and the last century. In...

Discuss the characteristics of the three Monetary Systems obvserved during this and the last century. In particular discuss:

1. Gold Standard

2. Bretton Woods

3. Flexible Exchange rates

Focus on the characteristics on the pros and cons of each system, on the effectiveness of the Monetary anf Fiscal policy under each case, on the behaviour of thr central bank. Include graphs in the analysis. Explain what each syatem caused in the macroeconomic environment of the countries implemented. under each case what were thr optimal policies to achieve externak and internal balances?

Expert Solution

Rahul Sunny answered 6 months ago

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