1. Outline a situation in which a central bank would not want to defend a currency peg. Would this be a smart choice for long-run
1. Outline a situation in which a central bank would not want to defend a currency peg. Would this be a smart choice for long-run monetary stability? 2. Outline the advantages of choosing to build an institutional structure such as the European Union. Why would a country choose to join? Why would such an overarching system be beneficial versus individual autonomy
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