Describes the U.S. experience with flexible exchange rates, 1973-1978, focusing on the rapid decline of the dollar in the summer of 1978. Illustrates the main determinants of exchange rates and the role of government intervention in the foreign exchange market.

Describes the U.S. experience with flexible exchange rates, 1973-1978, focusing on the rapid decline of the dollar in the summer of 1978. Illustrates the main determinants of exchange rates and the role of government intervention in the foreign exchange market.
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Michael G. Rukstad,
Daniel A. Pope
Source: Harvard Business School
17 pages.
Publication Date: Mar 08, 1984. Prod #: 384116-PDF-ENG
Demise of the dollar – 1978 HBR case solution