Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Q. How did the international monetary system influence macroeconomic policy-making and performance during the post-World War II years during which exchange rates were fixed under the Bretton Woods agreement (1946 - 1973)?
Answer: In July 1944 legislature of 44 countries met in Bretton Woods, New Hampshire, and signed the Articles of Agreement of the International Monetary Fund (IMF) and drafted and of the World Bank. The agreement predictable fixed exchange rates against the U.S. dollar and a consistent dollar price of gold - $35 an ounce. The dollar of the United States turns into the postwar world's key currency because of a few factors:
1. The untimely convertibility of the U.S. dollar in 1945.
2. The extraordinary position of the dollar under the Bretton Woods system.
3. The strength of the American economy comparative to the devastated economies of Europe and Japan.
4. Central banks obviously found it advantageous to hold their international reserves in the form of interest-bearing dollar assets.
The Marshall Plan an agenda of dollar grants from the United States to European countries was initiated in 1948. The majority countries in Europe didn't restore convertibility until the end of 1958 with Japan following in 1964.
Q. What are the main points of economic life that macroeconomics analysis is most concerned with? Answer: There are four major aspects that are saving, unemployment, trade imb
Application of defferential calculus in economics
Q. To answer the following question, please refer to the figure below. Concentrating only at the lower left quadrant, discuss the relationship between the U.S. real money supply a
Q. What can one learn from the following figure? Answer: The figure shows the U.S. current account as well as net foreign wealth from 1977 until 1996. It illustrate that a
Porter Competitive Forces Model: Effectively dealing with the competitive forces that exist within its industry lead to a successful organization. The organization i
critically examine the effects of tariffs on the level of employment and income distribution.
Explain Purchasing Power Parity. Answer: PPP ( ) states that the exchange rate between two countries' currencies equals the ratio of the countries' price levels. A decr
Q. Now, consider that the relative price of A is actually not higher than Albania's autarkic level of 1, but quite the opposite (e.g. PA/PB = 0.5). Could Albania still be able t
Q. It is argued that import substitution is a misguided trade policy if the intent is to show long-term economic growth. Illustrate the reasons underlying this argument. Answe
what is net barter terms of trade and the effect on its economy
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd