Question: 1. Why might some countries prefer fixed exchanged rates and others floating exchange rates? 2. Countries in Europe trade more with each other than with

1. Why might some countries prefer fixed exchanged rates and others floating exchange rates? 2. Countries in Europe trade more with each other than with countries outside of Europe. In 1999, most of the countries of the European Union decided to abandon their national currencies (e.g., German Deutschemarks, French Francs, Italian lira, etc.) in favor of a single currency shared by all-the euro. Why might that have been a good decision? As a result of joining the euro, what did policy tools did countries relinquish
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