All Terrain Thinking

A Compendium of things I think are Important

Economics: It's not just whats' in your wallet

Questions of the Day
1970s: Exchange Rates and the Balance of Payments

1. What was the Marshall Plan and how did it solve the balance of payments problem in post WW II.

2. Under the gold standard, what would happen if a country continued to run a trade deficit?

3. What was the Bretton Woods system and why was the US forced off the system in 1971?

4. What would you expect to see happen to the value of the dollar as a result of the Asian crisis?

5. What would you expect to happen to the dollar if Japan lowered interest rates to get their economy moving?

6. If you were to import some French wine that was selling for 25FF, what would be the dollar cost of the wine?

7. You have certainly heard much about the Asian crisis.   What happened to the price of stock on the South Korean market in the 1998?  What has happened in Indonesia where Suharto left office in mid 1998?

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