International monetary system, International Economics

Assignment Help:

Q. How did the international monetary system influence macroeconomic policy-making and performance during the gold standard era (1870 - 1914)?

Answer: London was the hub of the international monetary system. The most important responsibility of the central bank was to preserve the official parity between its currency and gold. To sustain this price the central bank desirable an adequate stock of gold reserves. Central banks try to avoid sharp fluctuations in the balance of payments.


Related Discussions:- International monetary system

Opportunity cost thory, what is opportunity cost thory explain it with exam...

what is opportunity cost thory explain it with example

What are the main functions of money, Q. What are the main function...

Q. What are the main functions of money? Answer: Money serves generally three important functions that are a unit of account, a medium of exchange and a store of value.

Exchange rate determination, Q. Describe the chain of events leading to exc...

Q. Describe the chain of events leading to exchange rate determination for the following cases: 1. An increase in the U.S money supply 2. An increase in the growth rate of the

International trade, why is international trade important for south africa

why is international trade important for south africa

Is europe an optimum currency area, Q. Is Europe an optimum currency ...

Q. Is Europe an optimum currency area? Answer: Yes the area's economy is strongly integrated with its own: most EU members export as of 10 to 20 percent of their output

Allegorical rendition of the u.s. political, Q. It is claimed that L. Frank...

Q. It is claimed that L. Frank Baum's classic 1900 children's book, the Wonderful Wizard of Oz, is an allegorical rendition of the U.S. political struggle over gold. Discuss. A

Terms of trade, Difference between net barter terms of trade and gross bart...

Difference between net barter terms of trade and gross barter terms of trade

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd