the International Bank for Reconstruction and Development, this particular multilateral financial institution along with government provide foreign aid (foreign capital), the largest share of foreign aid is provided as bilateral development assistance- not so much multilateral financial institutions usually set by central banks, variation in target (inflation, price level, exchange rate, goal (expansionary/ contractionary) government prefer this autonomy in institutional/ electoral model gold standard- fixed exchange rate regime in which nation pegged not to another country's currency but to gold; Bretton Wood- gold dollar standard with fixed but adjustable exchange rates ch 15 market as a whole to blame for the financial crisis

1. World Bank

the International Bank for Reconstruction and Development, this particular multilateral financial institution along with government provide foreign aid (foreign capital), the largest share of foreign aid is provided as bilateral development assistance- not so much multilateral financial institutions

2. monetary policy

usually set by central banks, variation in target (inflation, price level, exchange rate, goal (expansionary/ contractionary) government prefer this autonomy in institutional/ electoral model

3. balance of payment adjustments (differences under gold standard, Bretton Woods, and
   presently)

gold standard- fixed exchange rate regime in which nation pegged not to another country's currency but to gold; Bretton Wood- gold dollar standard with fixed but adjustable exchange rates

4. Bretton Woods II

ch 15

5. electronic herd

market as a whole to blame for the financial crisis