3_31_08 - 3/31/08 IPE (Int'l Political Economy): INT'L...

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3/31/08 IPE (Int’l Political Economy): INT’L FINANCE Fiscal/Monetary Policy: Monetary Policy: Printing/Circulation of money - Maintain value of state’s currency - Control Inflation (decrease of money’s value) o When the supply of cash is increased faster than the product - Hyperinflation: sudden influx of cash leading to extreme inflation o Germany Post-WWI - Balance of Payments: flow of all $$ in and out of the country (pos/negative) - National Accounts: Overall monetary position of a state o How much currency there is Bretton Woods - Goal: Stabilize global economy - Established the gold standard - “Stagflation” in the 70s: staggered inflation, doubt in the dollar o Nixon: universally decreased the value of the dollar Exchange Rates - Fixed System: Gov’t fixes length of currency - Managed: gov’t rarely gets involved, can manipulate others Hard Currency: Value rises & falls based on supply & demand - Yen - Pound - Dollar - Euro - Franc Int’l Debt
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This note was uploaded on 04/07/2008 for the course POL 160 taught by Professor Hudak during the Spring '08 term at Northeastern.

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3_31_08 - 3/31/08 IPE (Int'l Political Economy): INT'L...

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