a. Strong competition between less developed economies for international capital raises the perceived value of a 'peg': MC shifts up, C(hat) moves left, bias towards fixity. b. IMF charges a higher fee for any borrowed reserves required for stabilization: MC shifts down, C(hat) moves right; bias towards flexible. c. Citizens in a country become less risk averse, and are prepared to accept wider swings in their business cycle: MB shifts in, C(hat) moves left; bias to fixity d. Less developed economies begin to recognize that 'peg' solutions are temporary and can lead to major currency crises with overshooting when they are released: C(hat) moves right, bias towards flexible. e. Globalization brings stronger positive correlation between country business cycles. C(hat) unchanged, but the full distribution of pairings shifts to the right; the 'average' country pair is more biased to fixed