International Economics
16th Edition
ISBN: 9781305887633
Author: Robert Carbaugh
Publisher: Cengage Learning
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Who broke away from the gold exchange standard first?
Why did gold standard collapse?
what does it mean that the optimum currency area is not the world but region?
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- what is better currency appreciation or currency depreciation?arrow_forwardAn important problem with the gold standard was that one country could easily manipulate the system to its advantage and the disadvantage of other countries. a country did not have control of its domestic monetary policy. exchange rates tended to fluctuate a great deal, making it difficult for businesses to make long-run plans. it was too complicated and restricted business activity.arrow_forwardWhy do exchange rates matter to companies, especially those involved with the foreign direct investment?arrow_forward
- Critically examine the FIVE types of foreign exchange market participants and identify their motives for buying or selling foreign exchangearrow_forwardFind out any three saarc countries and find out their nominal exchange rate?arrow_forwardExplain how exchange rates worked under the gold standard and Bretton Woods.arrow_forward
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