EBK MACROECONOMICS
EBK MACROECONOMICS
7th Edition
ISBN: 9780134738970
Author: O'Brien
Publisher: PEARSON CUSTOM PUB.(CONSIGNMENT)
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Chapter 19.A, Problem 10PA
To determine

Similarity of gold standard and euro.

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Denmark pegs its currency to the euro. Even though Denmark opted not to join the single currency in 1999, it has pegged its currency very tightly to the euro ever since and keeps the value of the krone within a +/−2 percent band. How do you explain that Denmark seems to be willing to bear the cost of a tight peg to the euro without fully enjoying the benefits of membership to the single currency?
what does it mean that the optimum currency area is not the world but region?
Suppose U.S. interest rates decline compared to the rest of the world. What would be the likely impact on the demand for dollars, supply of dollars, and exchange rate for dollars compared to, say, euros?
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