Economics Homework Help
University of Miami Currency Internationalization Cost and Benefits Discussion
- Question 1. In chapter 1, Cohen presents the main roles that a currency must enjoy in order to be “international.”
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- Please explain why would a currency seek to be an international currency and go throuth the internalization process?
- Please explain why there are so few international currencies?
- And which are the principal qualities required for a currency to become international?
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- Question 2. Please pick explain the following refereing to OUR readings.
- What explains the undiminished power of the US dollar?
- What is the euro missing to become the expected international currency?
- What is preveting the yuan to become an unstoppable international currency?
- What explains the fall and demise of the Sterling and the end of the Sterling a the hegemonic currency?
- What lessons can be drawn for the yen as a short-lived international currency
you must use the references from these 4 readings , not use others !!!!!
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