One goal of international policy coordination is to minimize the effect of()
A. international externalities
B. sterilization
C. optimal currency areas
D. monetary autonomy
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What is the difference between international money markets and international capital markets()
A. the length of maturities for the instruments
B. the risk premium of the instruments in the market
C. the direction of financial flows in the market
D. the countries that participate in the markets
In 2008, several of the world’s central bank actively worked together to push down global interest rates. This is an example of()
A. international policy coordination
B. international policy cooperation
C. international policy externalities
D. structural interdependence
An example of an international policy externality is()
A. the locomotive effect
B. the liquidity effect
C. the monetary effect
D. sterilization
When two countries choose to use a new currency, they are()
A. participating in a monetary union
B. dollarizing
C. forming an optimal currency area
D. increasing their monetary autonomy