Answer to Question #242133 in English for Katy

Question

1. Identify and briefly explain three

 additional reasons why the United

 States became the main character of the Bretton Woods System.

2. Assign an international bank and

 identify its goals that may aid in the 

improvement of the global economy.

Answer 1

1. Identify and briefly explain three

 additional reasons why the United

 States became the main character of the Bretton Woods System.

• The Bretton Woods Agreement and System created a collective international currency exchange regime that lasted from the mid-1940s to the early 1970s.
• The Bretton Woods System required a currency peg to the U.S. dollar which was in turn pegged to the price of gold.
• The Bretton Woods System collapsed in the 1970s but created a lasting influence on international currency exchange and trade through its development of the IMF and World Bank.

2. Assign an international bank and

 identify its goals that may aid in the 

improvement of the global economy.

The IMF promotes monetary cooperation and provides policy advice and capacity development support to preserve global macroeconomic and financial stability and help countries build and maintain strong economies. The IMF also provides short- and medium-term loans and helps countries design policy programs to solve balance of payments problems when sufficient financing cannot be obtained to meet net international payments obligations. IMF loans are funded mainly by the pool of quota contributions that its members provide. IMF staff are primarily economists with wide experience in macroeconomic and financial policies.