Exam 10: The Globalization of International Finance

If Canada and the United States agreed to exchange their currencies at a 1:1 rate (CAD $1.00 = USD $1.00)), that would be an example of which of the following?

Even in a world with floating exchange rates, states have some ability to control the value of their currency. What is an advantage of having a weak currency?

In what ways can private investors affect a currency's value? In what ways can a government's central bank affect the value of the state's currency? How are the role and the interests of the government different from that of a private investor?

28. The Economic Stimulus Act of 2008, in which the government attempted to stimulate the economy by sending taxpayers $600 or $1,200, is an example of which of the following?

Which vague term that is used in a multitude of ways can be broadly defined as the increased integration of markets, trade, finance, and technology?

Which concept describes the financial procedures used to calculate the value of currencies and credits when capital is transferred across borders through trade, investment, foreign aid, and loans?

What was the first phase of the Crisis of 2008?

What countries were primarily affected by the 2008 financial crisis?

In 1971, the United States unilaterally terminated convertibility of the USU.S. dollar to gold, effectively bringing the Bretton Woods system to an end. What was the newly emerged system based on?

Which type of policy do states engage in when their central banks change the money supply to manage the national economy and control inflation?

Describe the economic crisis of 2008. Describe the four stages of the crisis. What have been the impacts of the crisis?

The extent of globalization across the globe varies. Which countries are among the most global?

Describe the Bretton Woods system. Why did the United States leave the Bretton Woods system and adopt floating exchange rates to determine currency values?

What were exchange rates pegged to under the Bretton Woods monetary regime?

What currency is held in large amounts by governments for the purpose of settling international debts and supporting the value of their national currency?

What does a government engage in when it taxes businesses or individuals?

When national markets are increasingly transnationalized through the worldwide integration of capital flows, we might describe them as which of the following?

Which strategy are governments likely to employ to fight inflation?

Approximately how many banking crises have occurred in the world since the demise of the Bretton Woods system?

Some scholars argue that globalization is a euphemism for which of the following?