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q how mobile is europes labor forceanswer differences in culture and language discourage labour movements between european countries
q is europe an optimum currency areaanswer yes the areas economy is strongly integrated with its own most eu members export as of 10 to 20
qexplain why it may make sense for the united states japan and europe to allow their mutual exchange rate to floatanswer even though these regions
q explain why the oil price shocks after 1973 made countries unwilling to revive the bretton woods system of fixed exchange ratesanswer using
q explain why even owners of capital that cannot be moved can avoid more of the economic stability loss due to fixed exchange rates when norways
qexplain why after say norway unilaterally pegs the krone to the euro domestic money market disturbances will no longer affect domestic output
q illustrate why when norway unilaterally fixes its exchange rate against the euro but leaves the krone free to float against the non-euro currencies
q discuss the benefits and costs of joining a fixed-exchange areaanswer benefits generally gains from the stability of the area and reduced
q the costs and benefits for a country from joining a fixed-exchange rate area such as the ems depend on how well-integrated its economy is with
q explain the difficulties in naming the new european currencyanswer amongst the reasons maintenance the name ecu would be misleading the ecu
qhow were the initial members of emu chosen how will new members be admitted what is the structure of the complex of financial and political
qwhy did the eu countries move away from the ems toward the goal of a single shared currencyanswer1 to produce a superior degree of european
q describe the main provisions of the maastricht treaty of 1991answer it identified for a single currency by january 11999 harmonizing social
q explain how the german bundesbank gained its low-inflation reputation answer essentially germanys experience with hyperinflation in the
q explain the credibility theory of the emsanswer in this approach the other ems countries in effect imported the credibility of the german
q explain why the ems countries decided to fix their exchange rates against the german dmanswer in this manner the other ems countries in
qdiscuss the effects of the reunification of eastern and western germany in 1990 on both germany and its neighboring european countriesanswer germany
qwhat prompted the eu countries to seek closer coordination of monetary policies and greater exchange rate stability in the late 1960sanswer1to
q how did the european single currency evolveanswer the answer is related to the crumple of bretton woods and the european currency reform of
q how and why did europe set up its single currencyanswer the why part of the question is associated to large fluctuations in the exchange
q using the aa - dd framework compare the effects of a rise in real domestic money demand under flexible and under fixed exchange-rate
quse the dd - aa model to examine and compare the response of an economy under fixed and floating exchange-rate regimes to a temporary fall in
q fixed exchange rates are not even an option for most countries discuss answer durable fixed exchange rate arrangements may possibly not even
q what has been learned since 1973 with regard to the experience with floating exchange rate regimeanswer1 monetary policy autonomy yes though
q imagine a world with two large countries home and foreign evaluate how homes macroeconomic policies affect foreign compare the small and the