According to Obstfeld and Taylor,which era was characterized by floating exchange rates,economic volatility,and rapidly expanding cross-border capital flows?
A)Bretton Woods
B)1860-1914
C)1914-1945
D)1945-1971
E)1971-2000

Question

Quizplus · Accepted Answer

The era characterized by floating exchange rates, economic volatility, and rapidly expanding cross-border capital flows is the period from 1971 to 2000. This period is also known as the post-Bretton Woods era, which followed the breakdown of the Bretton Woods exchange rate system in 1971. During this period, exchange rates were allowed to float freely, leading to increased volatility in exchange rates, and there was a rapid expansion of cross-border capital flows.

According to Obstfeld and Taylor,which Era Was Characterized by Floating