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?

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Currency Exchange rates Introduction The exchange rate regime embraced by most nations in todays IMF system are different from those that envisioned in 1944 during the establishment of the World Bank ... View the full answer