For each country, identify the best International Monetary System Exchange Rate Regime classification by choosing ONE...

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For each country, identify the best International Monetary System Exchange Rate Regime classification by choosing ONE of the following for each country. Hint: A regime is used one time only. Soft Peg-Crawling Peg ✓Soft Peg-Conventional Pegged Arrangement ✓ Hard Peg-Dollarization ✓Soft Peg-Pegged Exchange Rate with (wide) Horizontal Bands ✓ Floating-Free Floating ✓ Hard Peg-Currency Board Hard Peg-Monetary Union a. Ecuador today which has no currency of its own b. The African nation of Chad that shares the CFA franc or eco with several other former French territories c. Bulgaria which backs the lev (Bulgaria's currency) with the euro as its anchor currency such that the lev is automatically convertible with the euro at a constant rate d. The Bahamas; the Central Bank uses market intervention to hold the value of the Bahamian dollar very close to one US dollar e. Nicaragua which has committed to devaluing the córdoba by 5% annually f. Any candidate country while in the ERM II prior to entering the Eurozone g. Australia which only rarely interferes with the value of the Australian dollar s value For each country, identify the best International Monetary System Exchange Rate Regime classification by choosing ONE of the following for each country. Hint: A regime is used one time only. Soft Peg-Crawling Peg ✓Soft Peg-Conventional Pegged Arrangement ✓ Hard Peg-Dollarization ✓Soft Peg-Pegged Exchange Rate with (wide) Horizontal Bands ✓ Floating-Free Floating ✓ Hard Peg-Currency Board Hard Peg-Monetary Union a. Ecuador today which has no currency of its own b. The African nation of Chad that shares the CFA franc or eco with several other former French territories c. Bulgaria which backs the lev (Bulgaria's currency) with the euro as its anchor currency such that the lev is automatically convertible with the euro at a constant rate d. The Bahamas; the Central Bank uses market intervention to hold the value of the Bahamian dollar very close to one US dollar e. Nicaragua which has committed to devaluing the córdoba by 5% annually f. Any candidate country while in the ERM II prior to entering the Eurozone g. Australia which only rarely interferes with the value of the Australian dollar s value

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Solution Soft PegCrawling peg Soft PegConventional Pegged The Bahamas the Central Bank uses mark... View the full answer