人们认为，内部货币格局已经出现了布雷顿森林混合汇率体系的崩溃。它清楚地解释了在黄金标准和纯浮动的两极情况下的国家。该体系似乎是灵活的，它表明了主要国家的灵活汇率。积极的中央干预显然是在主要货币的形式所考虑的情况下确定的。随着工业化和国家的发展，大多数研究的目标是在20世纪70年代早期开始关注货币市场。它的重点是在混合制度下对汇率灵活性的描述。目前，汇率的比例主要集中在对各种预测的重要性进行批判性解释的模型上。随着后布雷顿森林时代的到来，关于主要货币运动的解释的结果在自然中似乎是令人惊讶的，而在理论模型的基础上，也提出了不可预测的情况。
特征可以用资产泡沫形成的形式来表示，即形成和崩溃。金融体系的抵押贷款的特点是房价的快速上涨和住房的紧缩和金融的价格。泡沫抵押贷款的崩溃被认为与最严重的经济衰退有关。上述两个金融泡沫有一些先例。最近市场泡沫的一个独特特征是，在全球金融体系的技术进步时期出现了快速演变。这一发展使得统计模型的改进，以及市场数据的普遍可用性，为对冲风险的目的而形成了独特的特征。这在市场参与者中创造了一种金融复杂性，因此，尽管金融市场的复杂性大幅增加，但似乎出现了两大泡沫。金融市场投机过度的兴起导致了一些原因，其中包括不当的激励、缺乏投资者的老练、欺诈和经验。举例说明，在此期间，由于缺乏机构投资者的远见，在评估抵押贷款工具的过程中产生了风险。房主和抵押贷款发放者之间的复杂程度有所不同。
The internal monetary landscape is seen to have emerged the fall of the hybrid exchange rate system of the Bretton Woods. It clearly explains the state that lies somewhere in the polar cases of the gold standards and the pure float. The system seems to be flexible with indicating the flexible exchanges rates that are seen in the major countries. The active central interventions are clearly identified with the aid of the cases that considered by the form of the major currencies. As the industrialization and the development of the countries are seen, the majority of the research aims to focus on the currency markets since the early 1970’s. It is focused for the purpose of characterizing the flexibility of the exchanges rate under the hybrid regime (Farmer, 2014). The proportion of the exchange rates currently focuses on the models that critically explain the essentiality of various forecasts. As the post-Bretton Woods era is considered, the result regarding the explanation of the major currency movements is seemed to be surprising in nature, and the unpredictable situations are raised with undertaking the theoretical models.
The distinctive features can be indicated in the form of the asset bubble formation that is the formation and the collapse. The mortgaging of the financial system is characterized by the rapid rise in the housing prices and the retrenchment in the housing and the prices finance. The collapse of the mortgage of the bubble is indicated to be associated with the worst economic downturn. The above mentioned two financial bubbles are having some precedents. One of the unique features of the recent market bubbles is the occurrence of the rapid evolution during the period of the technological advancement in the global financial systems. This development enables the improvement in the statistical modelling, and the widespread availability of the market data with the formation of the unique features for the purpose of hedging the risks rose. This creates a financial sophistication among the participants in the market, and thereby, the two substantial bubbles seem to emerge despite the significant increase in the complexity of the financial markets. The rise of the speculative excesses in the financial market has led to some causes which include the misaligned incentives, lack of the investor sophistication, fraud and the experiences. The example can be illustrated in the form that during the period, a lack of institutional investor foresight is seen which gave rise to the risks during the evaluation of the mortgage instruments. The difference in the sophistication was being created between the homeowners and the mortgage originators.
