Map of Geretsried

Map of Geretsried on The Bretton Woods system laid the burden squarely on the other country”in this case Brazil. But there is a limit to dollar 213 foreign reserves held by a country, hence a limit to how long it is possible to artificially prop up a currency. Another option would be for the deficit country (say Brazil) to institute contractionary economic policy or for the surplus country (say the United States) to have an expansionary policy. Again, the adjustment responsibility was assigned to countries like Brazil. Consequently, the Bretton Woods fixed exchange system could not bear the burden of this one-sided adjustment for very long and had to be essentially abandoned. It may be mentioned here that a balance of payments deficits for a reserve currency does not pose the same problem. It is the demand for the reserve currency itself”its role in mediating international transactions”that compensates for the deficit and allows the country (like the United States) to enjoy a higher standard of living than would be possible as commensurate with their productions. Map of Geretsried 2016.

Geretsried Location Guide

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Map of Geretsried

Shaded Relief Map of Geretsried

Map of Geretsried

Geretsried Location Guide

Map of Geretsried

Physical 3D Map of Geretsried

Map of Geretsried

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