Explain briefly the suggestion for reform of the international
monetary system in the
following aspects:
a....
Explain briefly the suggestion for reform of the international
monetary system in the
following aspects:
a.
A return to the Gold Standard
b.
Controls on Capital flows
c.
Coordination of macroeconomics across countries
Briefly compare these following concepts, and relate
the importance of the concepts in
the international monetary economic analysis.
a.
Imperfect capital mobility and perfect capital mobility
b.
Internal Balance (IB) and External Balance (EB) curves
c.
Incipient BOP deficit and incipient BOP surplus
d.
Fisher effect and international Fisher effect
e.
Crawling peg and managed floating of the exchange rate
f.
The version of John Williamson (1987) and Paul Krugman (1991)
target zone
proposal
What was the international monetary system established at the
Bretton Woods? What was the major international currency? How were
nations conducting their international monetary relations in the
Bretton Woods system
International Trade
For each of the following cases for limiting
international trade, briefly explain the rationale for limiting
trade and provide a possible counterargument supporting
international trade.
National security requires that we produce strategically
important goods ourselves.
Protection can help infant industries grow.
Trade shouldn’t be used to avoid environmental and
safety regulations.
Foreign competition leads to job losses.
In 50-150 words, explain which arguments you find most
compelling—the arguments against international trade or the
arguments in favor of international...