Activity Description
As the Signature Assignment, develop a paper in essay format and provide references for support. Research and predict future trends in the international monetary fund by focusing on the future of the global economy. Be sure your paper reflects the following points:
1.Analyze the concept of introducing a World Central Bank within a three-currency monetary union; would this lead to greater stabilization and coordination of Macroeconomic Policies among countries?
2.Analyze whether the establishment of the World Central Bank within a three-currency monetary union would positively affect Macroeconomic Policy within the G-20 set of countries.
3.Analyze whether the establishment of the World Central Bank within a three-currency monetary union would positively affect Macroeconomic Policy within the developing set of smaller countries, none of which have G-20 representation.
4.Should a return to the Gold Standard be incorporated into the above Monetary System? Why or why not?
5.Would introduction of the Gold Standard be beneficial or detrimental to World Trade stability?
6.Analyze whether the establishment of the World Central Bank within a three-currency monetary union, including the re-establishment of the Gold Standard, would be beneficial to continued accomplishment of the IMF (International Monetary Fund) goals.
7.Would the introduction of the World Central Bank within a three-currency monetary union positively or negatively affect the ability of the World Trade Organization to implement the various GATT Agreements in a fair and consistent manner?
8.In conclusion, would the introduction of such a quasi-fixed flexible system likely be beneficial for countries and organizations involved in Global Trade? Support your conclusion.
Support your paper with at least five (5) scholarly resources. In addition to these specified resources, other appropriate scholarly resources may be included.
Length: 10-12 pages not including title and reference pages
Your paper should demonstrate thoughtful consideration of the ideas and concepts that are presented in the course and provide new thoughts and insights relating directly to this topic. Your response should reflect scholarly writing and current APA standards. Be sure to adhere to Northcentral University's Academic Integrity Policy.