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International business > Currency Regimes > Flashcards

Currency Regimes Flashcards

1
Q

Impossible trinity

A

Stability (managed or fixed rate)
Independence
Integration (easy movement)

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2
Q

IMF classes of currency regime (4)

A

Hard peg: given up sovereignty over monetary policy

Soft peg: fixed rate

Floating arrangement: free floating or with a little intervention

Residual

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3
Q

Currency boards and Dollarization

A

Currency board. Every dollar you have is backed by the currency of another country (all foreign reserves)

Dollarization: use of USD

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International business (5 decks)

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