Section IX
| Question (memorize) | Answer (memorize) |
|---|---|
| Pegged Exchange Rates | a type of exchange rate regime wherein a currency's value is matched to the value of another single currency (most often the US Dollar), to a basket of other currencies, or to another measure of value, such as gold. |
| Why do countries Peg their exchange rates? |
|
| Dirty Float | Floating a currency when the rate is controlled by intervention by the monetary authorities. |
| Currency Union | A situation where several countries have agreed to share a single currency among them, for example, the Euro |
| Dollarization | Phenomenon that occurs when the inhabitants of a country use foreign currency in parallel to or instead of the domestic currency. |
| Okun's Law | GDP and unemployment are inversely related |
Add a section to this page!
- Click this button to contribute to this page (by adding a section here).♦
Feel free to experiment. Your edits won't immediately show up to everyone.
working...