Global Capital Markets Flashcards
1
Q
LIBOR
A
Reference rate of intérêts. Used in loans quotes or valuations
Mean of multinational bank interbank rates
2
Q
Eurocurrency
A
The currency of one country on hand in a second country
3
Q
Gold standard
A
Currencies fixed to gold.
Slow as shit
4
Q
Inter war years
A
Slight fluctuations around the gold
5
Q
Breton woods
A
US dollar is base dollar
US dollar based on gold
Countries couldn’t devalue more than 10%
6
Q
IMF
A
Help countries with shit economies
Provided financial compensation on SDRs
7
Q
Fixed exchange rates
A
US couldn’t handle being at the center of every trade.
8
Q
Floating era
A
After fixed era. Exchange rate volatility re introduced
