In: Economics
d. Why and when was the Gold Standard abandoned? Discuss the incidents that lead to the abolishment of the Gold Standard.
e. What is the difference between the Bretton Woods and Gold Standard monetary systems? What is the role of gold in the Bretton Woods system?
f. Discuss the role of capital controls and fixed exchange rates in the Bretton Woods system. Discuss the monetary trilemma.
g. Why and when was the Bretton Woods system abandoned?