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QUESTION
Before 1970, many countries were on the gold standard. Since then, floating exchange regimes have dominated the global economy. Select a country that now has a floating or a pegged exchange rate. Prio
Before 1970, many countries were on the gold standard. Since then, floating exchange regimes have dominated the global economy. Select a country that now has a floating or a pegged exchange rate. Prior to its present regime, did this country have another regime, or the gold standard? What was the impetus for the change in regime for this country?
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Required
- Chapter 13 in International Economics
- Booth, J. (2016, March 7). Finance theory creates a distorted image of the investment world. Financial Times.
- Duarte, P., & Schnabl, G. (2015). Macroeconomic policy making, exchange rate adjustments and current account imbalances in emerging markets. Review of Development Economics, 19(3), 531-544.
- Emerging markets monitor. (2017). 23(29), 1-23.
