Slide 1Distant Authority Monetary Policy & the Tariff Slide 2 Todays Agenda Review Distant Authority Slide Show Homework Study for Unit Test (Thursday!!!) Slide 3 Review…
Slide 1Exchange Rate Regimes Two polar cases –Fixed (pegged) exchange rates CB buys or sells reserves to maintain a set price of foreign exchange –Flexible exchange rates…
Slide 1Historical Monetary Standards 4/18/2012 Unit 4: Miscellaneous Slide 2 Historical Monetary Systems Main periods gold standard (1870-1914) + earlier gold exchange standard…
1. Current Account Imbalances in the euro area: Catching up or competitiveness? Ansgar Belke, University of Duisburg-Essen, DIW Berlin and IZA Bonn Christian Dreger, University…
Slide 1 Slide 2 Exchange Rate Systems This chapter deals with exchange rate systems. We first consider the concept of exchange rate, and then discuss the operations and adjustment…
Slide 1 AGEC 340 – International Economic Development Course slides for week 12 (Mar. 30-Apr. 1) Globalization and Comparative Advantage* Can free trade really make us…
Slide 1 Exchange Rates Slide 2 Exchange Rate: S - # of domestic currency units purchased for 1 US$. An increase in S is a depreciation and a decrease in S is an appreciation.…