How did the Argentine currency board function from 1991 to January 2002, and why did it collapse?
Answer to relevant QuestionsOn January 4, 1999, 11 member states of the European Union initiated the European Monetary Union (EMU) and established a single currency, the euro, which replaced the individual currencies of participating member states. ...The U.S. dollar has maintained or increased its value over the past 20 years, despite running a gradually increasing current account deficit. Why has this phenomenon occurred? What are the main components of the financial accounts? Give one debit and one credit example for each component account for the United States. What is a structured investment vehicle (SIV)? For each of the foreign exchange market participants, identify their motive for buying or selling foreign exchange.
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