International Economics
(b) Can the same be done under the present inter- national monetary system? *8
Download 7.1 Mb. Pdf ko'rish
|
Dominick-Salvatore-International-Economics
(b)
Can the same be done under the present inter- national monetary system? *8. sfasfd (a) Explain how a nation could attempt to dis- courage large destabilizing international capital inflows under the Bretton Woods system by inter- vening in the spot market. (b) Can the same be done under the present inter- national monetary system? 9. Explain the role of the dollar under the Bretton Woods system. 10. Explain with respect to the Bretton Woods system: (a) The immediate cause of its collapse. (b) The fundamental cause of its collapse. 11. Explain briefly the operation of the present interna- tional monetary system. 12. sfasfd (a) Explain the fundamental reason for the Mex- ican currency crisis of December 1994. Salvatore c21.tex V2 - 11/07/2012 10:29 A.M. Page 722 722 The International Monetary System: Past, Present, and Future (b) How does the International Monetary Fund propose to avoid the recurrence of similar crises in the future? 13. With regard to the Mexican crisis of December 1994, indicate the lesson that it provides (a) for developing countries relying heavily on short-term capital inflows and (b) on how to deal with a cur- rency crisis once it starts. 14. sfasfd (a) Explain the fundamental causes of the eco- nomic crises in emerging markets in the second half of the 1990s. (b) What is being proposed to avoid similar crises in the future? 15. Identify the most significant international economic problems facing the world today. APPENDIX A21.1 International Reserves: 1950–2011 In this appendix, we present historical data on the amount of international reserves in terms of SDRs, as reported by the IMF. The IMF includes gold reserves only at the official price of SDR 35 an ounce. Table 21.7 includes gold reserves at SDR market prices. The table also reports the dollar value of one SDR at year end. A few of the totals in the table are subject to very small rounding errors. The SDR market price of gold was practically identical to the official price of SDR 35 per ounce until the two-tier gold market was established in 1968. Note the sharp increase in foreign exchange reserves (mostly dollars) and gold reserves at market prices since the breakdown of the Bretton Woods system in 1971. The decline in SDR reserves in 1992 was due to many IMF members using SDRs to pay for quota increases at the IMF. Download 7.1 Mb. Do'stlaringiz bilan baham: |
Ma'lumotlar bazasi mualliflik huquqi bilan himoyalangan ©fayllar.org 2024
ma'muriyatiga murojaat qiling
ma'muriyatiga murojaat qiling