Regional Monetary and Financial Integration-2010 fall

some of the things we learned in this class:

-the costs and benefits of Monetary Unions

-the costs and benefits of a common currency

-OCA and critiques (using the Barro-Gorden model)

-the impossible Trinity (it's not as blasphemous as it sounds, but I do prefer it to the other term, "unholy Trinity"

-the History of European Monetary Unon

-the Asian experience

-The collapse of the FSU monetary union

Potential Final exam questions:

1. Strong points of ERM compared to BW system

2. Explain the impossible trinity and its implication to Asia

3. Explain time-inconsistency problem and its implications to European monetary union.

4. Explain the basket currency and its implications to parallel approach backed by British government.

5. Explain why the Ruble zone collapse of the Former Soviet Union happened.