Compare and contrast the following scenarios in terms of their costs and benefits. a. The central bank
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Compare and contrast the following scenarios in terms of their costs and benefits.
a. The central bank uses sterilization bonds to obtain reserves.
b. The central bank follows a strict currency board system.
c. A country maintains a backing ratio that exceeds 100%.
d. The central bank bails out the banking system to avert a financial system crisis.
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a This implies an increase in the currency premium so interest rates must increase to compensate the ...View the full answer
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