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For each country, identify the best International Monetary System Exchange Rate Regime classification by choosing ONE of the following for each country. Hint: A regime
For each country, identify the best International Monetary System Exchange Rate Regime classification by choosing ONE of the following for each country. Hint: A regime is used one time only. v Soft Peg-Crawling Peg a. Ecuador today which has no currency of its own v Soft Peg-Conventional Pegged Arrangement b. The African nation of Chad that shares the CFA franc or eco with several other former French territories v Hard Peg-Dollarization v Soft Peg-Pegged Exchange Rate with (wide) Horizontal Bands c. Bulgaria which backs the lev (Bulgaria's currency) with the euro as its anchor currency such that the lev is automatically convertible with the euro at a constant rate v Floating-Free Floating v Hard Peg-Currency Board d. The Bahamas; the Central Bank uses market intervention to hold the value of the Bahamian dollar very close to one US dollar v Hard Peg-Monetary Union e. Nicaragua which has committed to devaluing the crdoba by 5% annually f. Any candidate country while in the ERM II prior to entering the Eurozone g. Australia which only rarely interferes with the value of the Australian dollar s value
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