Using appropriate economic analysis, explain the process by which price levels are likely to become more harmonized throughout Europe because of the development of the Euro?
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Using appropriate economic analysis, explain the process by which
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- How does the fluctuating value of the Euro affect the price of German cars sold in the United States?There is a Eurozone recession. if Eurozone member nations try to fix this by monetary and fiscal policies, what would be some intended and unintended consequences of it?why is the recovery of global economy, especially the Euro Zone, so important to the South African Economy.
- View the data below for the exchange rate between the US dollar and the Japanese yen. How many yen could you get per dollar at the earliest date shown on the chart? Explain. How many yen could you get per dollar at the most recent date shown on the chart? Explain. Has the dollar appreciated or depreciated in value over time? Explain.Discuss the roles and functions of the IMF, and highlight any TWO (2) criticisms it has drawn over the years.Jamaica's current account averaged US$-65.94M from 1987 until 2020, reaching an all-time high of US$153.47M in the first quarter of 2016 and a record low of US$-536.06M in the third quarter of 2012. The country recorded a current account surplus of US$53.64M in the fourth quarter of 2020. At present, Jamaica ranks 83rd out of a group of 172 countries being tracked by the World Bank in terms of current account balance. This is 27 places above the position seen 10 years ago. The current account is one of two primary components of the balance of payments. As a per cent of GDP, it provides an indication of the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have economies which are heavily dependent upon exports revenues and have high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, low saving rates and high personal consumption rates as a…
- Consider the exchange rate between the Moroccan dirham and the euro. Suppose the Moroccan government and the Eurozone governments agree to fix the exchange rate (ER) at 2.5 dirham per euro, as shown by the grey line on the following graph. Refer to the following graph when answering the questions that follow. EXCHANGE RATE (Dirham per euro) 4.0 3.5 1.0 0.5 0 0 2 4 12 QUANTITY OF EUROS (Billions) 6 8 10 Supply of Euros ER "Demand for Euros At the official dirham price of euros, there is a 14 At the official exchange rate of 2.5 dirham per euro, the euro is that Moroccans pay 16 ? and the Moroccan dirham is for European exports than they would with a free-floating exchange rate. of euros in the foreign exchange market. , which means Suppose the governments of the Eurozone and Morocco reevaluate their currencies so that their official exchange rate is now 1 dirham per 1 euro. This action results in of the euro.Imagine there is a Eurozone recession.Suppose the U.S.-EU exchange rate is $1.15 per Euro, the U.S. has 5% inflation, and the EU has 10% inflation. Under these conditions the real U.S.-EU exchange rate, rounded to the nearest cent, is approximately: $1.20 per Euro $1.10 per Euro $1.30 per Euro $1.09 per Euro
- In the last 4 years, the exchange rate Pound to Euro depreciated (decreased) to an average of 1.13 (from 1.30 before 2016). When citizens from the UK would go on holidays in a Euro zone country (e.g. Spain), would a lower exchange rate of 1.13(Sterling Pound to Euro) instead of an exchange rate of 1.30 (Pound to Euro) be of advantage or disadvantage for British tourists in Europe? Explain.The Big Mac index was introduced by The Economist magazine in 1986, as a playful example to introduce the concept of purchase power parity (PPP) and under/overvaluation of currencies. The PPP rates are usually compiled based on consumer baskets of comparable quality. The problem is that goods in different economies are hardly comparable. The customer basket contains only one good which is made everywhere in exactly the same way – McDonald’s Big Mac. You might think that is an oversimplification, but in fact the Big Mac Index has been widely used for comparing currencies ever since it was first published. Explore the concept behind the Big Mac index and critically assess the importance of comparability of goods in various economies.Part 2: Short Answer Questions 1) Why is per-capita income NOT always the best indicator of an emerging market's potential? What does the concept of purchasing power parity (PPP) suggest?