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... conflict between maintaining a fixed exchange rate and government macroeconomic policies can provide some explanation for the crises that have occurred recently but do not provide a comprehensive reason for why a crisis occurs in all cases. There is also a self fulfilling element in cases where speculation plays a big part such as with the UK’S ERM crisis in 1992. Overall it appears that currency crises are inevitable and foreign exchange operators are important in the timing of the crisis.
International Economics Essay:Fixed Exchange rates
Explain how a monetary authority maintains a fixed exchange rate and how government macroeconomic policies might conflict with its ability to do so. Do you think this conflict provides a satisfactory explanation for the numerous currency crises that have occurred in the last 20 years? Justify your answer
Parametri
| linguaggio |  | inglese |
| numero di parole |  | 2431 (ca. 6.5 pagine) |
| qualità del contenuto |  | N/A |
| livello di linguaggio |  | N/A |
| prezzo |  | gratis |
| bibliografia |  | 3 |
Sommario
Page 1-Fixed exchange rates
page 2-3-Changes in policy under fixed exchange rate
page 4-6-Currency Crises
Anteprima della tesi: International Economics Essay:Fixed Exchange rates
In order to answer this question I will first explain what a fixed exchange rate implies, how the central bank maintains a fixed exchange rate and the overall effects of this. I will then proceed to look at the effects of different macroeconomic policies on a fixed exchange rate. Following this I shall describe two contrasting models of currency crisis and explain the roles of the government and speculation in each of these models. Finally I shall identify whether it is the conflict ...... conflict between maintaining a fixed exchange rate and government macroeconomic policies can provide some explanation for the crises that have occurred recently but do not provide a comprehensive reason for why a crisis occurs in all cases. There is also a self fulfilling element in cases where speculation plays a big part such as with the UK’S ERM crisis in 1992. Overall it appears that currency crises are inevitable and foreign exchange operators are important in the timing of the crisis.
Tesi presente nelle categorie
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Studi Economici
/Economia
/Macroeconomia
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Studi Finanziari
/Mercato capitle e Cambi
/Commenti
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