Should the world consider returning to a fixed exchange rate system?

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  • Type of paperEssay (Any Type)
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Look at the document ′′Global Economy Unit 5′′ first before doing anything else! You are responsible for finding the reading within the assignment and reading them for this assignment. After reading answer the assignment questions. Please do not assume anything, if you do not understand or are not sure ASK.

Unit 5

Assignment

Should the world consider returning to a fixed exchange rate system? What would be the advantages of such a system? What would be the disadvantages? Do you think the European Union’s single currency (fixed exchange rate system) is going to survive?

Readings

Globalization and its Discontents by Joseph Stiglitz, Norton Press, 2002. (Begin reading)

From Real World Globalization, 8th Ed., edited by the Dollars and Sense Collective, 2004:

· Chapter 3, Article 12, “What Causes Exchange Rate Fluctuations.”

· Chapter 3, Article 14, “The Decline of the Dollar System.”

YOU MUST READ ALL OF THE ASSIGNED READINGS