Suppose that the Russian-Ukraine conflict started stifling Finland's economy. The economic ramifications resulted in a domestic...

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Suppose that the Russian-Ukraine conflict started stifling Finland's economy. The economic ramifications resulted in a domestic recession. However, Finland also increased in its export of energy resources with the increased global demand to address climate change, resulting in a Balance of Payment surplus. Question 2a Appraise the effectiveness of monetary policies in correcting the internal and external imbalances in Finland, a member of the Economic and Monetary Union. (Word limit: 450 words) (17 marks) Question 2b In relation to the export of energy resources, examine and show how the effects of the depreciation of the Euro could affect Finland's Balance of Payment differently in the short run compared to the longer run. (Word limit: 200 words) Suppose that the Russian-Ukraine conflict started stifling Finland's economy. The economic ramifications resulted in a domestic recession. However, Finland also increased in its export of energy resources with the increased global demand to address climate change, resulting in a Balance of Payment surplus. Question 2a Appraise the effectiveness of monetary policies in correcting the internal and external imbalances in Finland, a member of the Economic and Monetary Union. (Word limit: 450 words) (17 marks) Question 2b In relation to the export of energy resources, examine and show how the effects of the depreciation of the Euro could affect Finland's Balance of Payment differently in the short run compared to the longer run. (Word limit: 200 words)

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Question 2a Monetary policies play a crucial role in addressing internal and external imbalances in a country especially for a member of the Economic ... View the full answer