135. Which of the following is true regarding the implications for international businesses in
the present monetary system?
136. Differentiate between a floating exchange rate and a pegged exchange rate.
137. Describe gold standard and a balance–of-trade equilibrium.
138. Briefly describe the Bretton Woods agreement of 1944.
139. What was the drawback of the Bretton Woods system?
140. Describe the Jamaica agreement of 1976. What were the main elements of this
agreement?
141. 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.
142. In terms of monetary policy autonomy, how does a floating exchange rate system differ
from a fixed system?
143. In terms of speculation, describe the arguments for a fixed exchange rate system.
144. Briefly describe the pegged exchange rate regime.
145. Explain the concept of a currency board.
146. Describe the three broad types of financial crises that have occurred in the post–Bretton
Woods era.
147. All International Monetary Fund loan packages come with conditions attached.
Elaborate.
148. Elaborate on the main criticisms of the International Monetary Fund’s approach to
financial crises.
149. What changes have occurred in the International Monetary Fund in the recent years?
150. How has the volatility of the current global exchange rate regime affected international
businesses? How can the problem be tackled?