Question
A. (10 points) Explain the differences between a target zone agreement and a fixed exchange rate and between a target zone agreement and a monetary
A. (10 points)
Explain the differences between a target zone agreement and a fixed exchange rate and between a target zone agreement and a monetary union.
Provide an example of a target zone agreement, briefly explain how it ended, and why, and in particular, why it is pretty frequent for these arrangements to fail?
B. (10 points)
First, explain how a country can join the European Monetary Union. Then, explain how monetary policy is run in this currency area.
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The Economics of Women Men and Work
Authors: Francine D. Blau, Marianne A. Ferber, Anne E. Winkler
7th edition
978-0190670863, 019067086X, 132992817, 978-0132992817
