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QUESTION
What is the role of foreign exchange market in international business?
- What is the role of foreign exchange market in international business? Define fixed and flexible exchange rate regime. Explain in detail the advantages of each regime.
- What was the arrangement of nominal exchange rate under Bretton Woods System? How did it expect to manage the bank run? Was it successful?
- What is real exchange rate? Show how real exchange rate depreciation of a country's currency can promote CA surplus?
- What have been the historical roles of IMF, World Bank and WTO? Are these roles changing over time?
- What is welfare state? What are the main policy dilemmas for welfare state? Has globalization limited the role of a nation in terms of choosing independent policies? Are national governments withering away?
- What is public debt and what are its implications?
