International Economics
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Dominick-Salvatore-International-Economics
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What are the alleged advantages of a fixed over a flexible exchange rate system? How would the advocates of flexible exchange rates reply? 4. On the basis of the theoretical and empirical evi- dence available, indicate what overall conclusion can be reached on whether a flexible or a fixed exchange rate system is preferred. 5. What is meant by an optimum currency area or bloc? 6. What are the main advantages and disadvantages of an optimum currency area? What are the condi- tions required for the establishment of an optimum currency area? 7. What is meant by the European Monetary Sys- tem? How has it functioned since its establishment? What is the European Monetary Union? the euro? What is the function of the European Central Bank? 8. What is meant by currency board arrangements? dollarization? Why would a nation adopt one or the other? How does each operate? What are the benefits and costs of each? 9. What is the effect of increasing the allowed band of exchange rate fluctuation under a fixed exchange rate system? 10. What is meant by an adjustable peg system? What are the advantages and disadvantages of an adjustable peg system with respect to a system of permanently fixed exchange rates? 11. What is meant by a crawling peg system? How can such a system overcome the disadvantage of an adjustable peg system? 12. What is meant by a managed floating exchange rate system? How does the policy of leaning against the wind operate? What is the advantage of a managed floating system with respect to a freely floating exchange rate system and a fixed exchange rate system? 13. What is meant by dirty floating? How well is the present managed floating system operating? Download 7.1 Mb. Do'stlaringiz bilan baham: |
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