The IMF classifies all exchange rate regimes into eight specific categories that are summarized in this chapter. Under which exchange rate regime would you classify each of the following countries?
Answer to relevant QuestionsWhat are the attributes of the ideal currency? Fixed exchange rate regimes are sometimes implemented through a currency board (Hong Kong) or through dollarization (Ecuador). What is the difference between the two approaches? Where in the balance of payments accounts do the flows of “laundered” money by drug dealers and international terrorist organizations appear? 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 collateralized debt obligation (CDO)?
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