Before 1970, many countries were on the gold standard. Since then, floating exchange regimes have dominated the global economy. Select a country that now has a floating or a pegged exchange rate. Prior to its present regime, did this country have another regime, or the gold standard? What was the impetus for the change in regime for this country?
- Embed course material concepts, principles, and theories, which require supporting citations along with at least one scholarly, peer-reviewed reference in supporting your answer unless the discussion calls for more.Keep in mind that these scholarly references can be found in the Saudi Digital Library by conducting an advanced search specific to scholarly references.
- You need to reply to at least two peer discussion question post answers to this discussion question. These post replies need to be substantial and constructive in nature. They should add to the content of the post and evaluate/analyze that post answer. Normal course dialogue doesn’t fulfill these two peer replies but is expected throughout the course. Answering all course questions is also required.