978-1260565812 Test Bank Chapter 11 Part 4

subject Type Homework Help
subject Pages 9
subject Words 3320
subject Authors Charles W. L. Hill, G. Tomas M. Hult

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98) Differentiate between a floating exchange rate and a pegged exchange rate.
99) Describe the gold standard and a balance-of-trade equilibrium.
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100) Explain the two institutions established by the Bretton Woods agreement.
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101) Describe the Jamaica agreement of 1976. What were the main elements of this agreement?
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102) The rise in the value of the dollar between 1980 and 1985 occurred when the United States
was running a large and growing trade deficit. Explain the factors that led to this rise.
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103) In terms of monetary policy autonomy, how does a floating exchange rate system differ from
a fixed system?
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104) Discuss how uncertainty provides an argument for a fixed exchange rate system.
105) Briefly describe the pegged exchange rate regime.
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106) Explain when a currency board would be put in place.
107) Compare and contrast a currency crisis and a banking crisis.
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108) Explain why all International Monetary Fund loan packages come with conditions attached.
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109) Elaborate on the main criticisms of the International Monetary Fund's approach to financial
crises.
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110) Discuss some of the changes that have occurred in the International Monetary Fund in recent
years.
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111) How has the volatility of the current global exchange rate regime affected international
businesses? How can the problem be tackled?

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