Chapter 5 International Exchange System 第五章国际汇率制度 第一节固定汇率制 Fixed Rate Systen The world economy operated under a system of fixed dollar exchange rates between the end of World War ll and 1973. with central banks routinely trading foreign exchange to hold their exchange rates at internationally agreed levelsChapter 5 International Exchange System • 第五章 国际汇率制度 • 第一节 固定汇率制Fixed Rate System • The world economy operated under a system of fixed dollar exchange rates between the end of World War II and 1973, with central banks routinely trading foreign exchange to hold their exchange rates at internationally agreed levels