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International Monetary Economics

International Monetary Economics. The evolution of International monetary systems. Why study history?. How did the Gold Standard work?. Hume’s price-specie mechanism. Hume’s price-specie mechanism. Hume’s price-specie mechanism example. Hume’s price-specie mechanism example.

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International Monetary Economics

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  1. International Monetary Economics

  2. The evolution of International monetary systems

  3. Why study history?

  4. How did the Gold Standard work?

  5. Hume’s price-specie mechanism

  6. Hume’s price-specie mechanism

  7. Hume’s price-specie mechanism example

  8. Hume’s price-specie mechanism example

  9. The interwar period

  10. The interwar period: Case studies

  11. Lessons so far

  12. European Postwar Arrangements

  13. The Bretton Woods System Collapse

  14. The Snake Arrangement

  15. The European Snake

  16. The EMS: Super Snake

  17. Observation 1

  18. Observation 2

  19. Observation 3

  20. Some Questions

  21. Why did fiscal and monetary indiscipline in the US lead to the collapse of the Bretton Woods system?

  22. Why did fiscal and monetary indiscipline in the US lead to the collapse of the Bretton Woods system?

  23. Why did growing inflation differentials create a problem for exchange rate stability in Europe?

  24. During the interwar era, misalignments led to competitive devaluations, which then prompter a tariff war. Explain the links from one step to the next.

  25. How can the Hume mechanism be applied to the flows of euros within the euro area?

  26. Lessons from History

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