Sign In
Not register? Register Now!
Essay Available:
2 pages/≈550 words
Check Instructions
English (U.S.)
MS Word
Total cost:
$ 8.64

Discussion. Global Managerial economics. Management Essay. (Essay Sample)


In 1944, finance specialists and bankers from around the world met to discuss what the post-WWII monetary system would be. Given the instability of the pre-war period, the goal was to create a new system. The outcome of this was the Bretton Woods system, which had the U.S. dollar as the world reserve currency linked to gold at $35 an ounce. All other currencies were tied to the dollar with limits on how much they could appreciate or depreciate. The system lasted until the 1970s, when the United States decided to move away from gold convertibility. The modern system is based on supply and demand for currency and a managed float. Discuss the following in your main post:
The U.S. dollar remains the world's reserve currency. Is this good for the United States, and if so, why?
People usually think a "strong" dollar is good. Is this true for U.S. businesses, and does it help or hurt the U.S. balance of payments?


Question 1
The United States dollar is the most used currency around the world. It represents 61% of the international foreign exchange currency reserves. This makes it easy for the United States to run high trade deficits. This has prevented any currency disaster in the United States. Using the dollar of the United States as the world's reserve currency is good. This is because the dollar is suitable to be a world reserve. After all, it can be used by everyone around the globe. A currency is selected as a reserve currency because it is supported by an economy that is stable (Pettinger, 2017). 

Get the Whole Paper!
Not exactly what you need?
Do you need a custom essay? Order right now:

You Might Also Like Other Topics Related to world war 1:

  • Civil Liberties - Korematsu Case Discussion Essay.
    Description: The internment of Japanese Americans during WWII violated several civil liberties. The FBI searched and seized people, violating their freedom from unreasonable searches and seizures....
    1 page/≈275 words | MLA | Literature & Language | Essay |
  • Visual, Outline, and Definitions. Literature & Language Essay
    Description: Youth incarceration refers to the imprisonment of people of underage. The youth may be detained while awaiting trial or committed for a particular period as they wait for a long-term care program. ...
    4 pages/≈1100 words | 2 Sources | MLA | Literature & Language | Essay |
  • Zweig Stefan, Fantastic Night:Tales of Longining and Liberation
    Description: Loving and being loved is critical to human beings. It adds to the richness of life when people feel closer to others. The feeling of being loved creates a sense of being important, understood, and secure....
    4 pages/≈1100 words | MLA | Social Sciences | Essay |
Need a Plagiarism Free Essay?
Submit your instructions!