Select any one (1) of the following questions to answer, then click on the Compose Written Assignment button below and follow the instructions you find there. As you develop your essay, remember to include not only text materials but also contemporary materials as well. These can come from various sources and can reflect domestic and/or global concerns.

1. If the demand for a country's exports falls at the same time that tariffs on imports are raised, will the country's currency tend towards appreciation or depreciation in the long run?

2. What is the European Sovereign Debt Crisis. Identify and describe three major causes of the crisis. Detail the evolution of the crisis, and identify three of the countries involved.

3. What is QE1 & QE2? Explain how the Bank of England and the European Central Bank have used Quantitative Easing to alleviate the Eurozone financial debt crisis.

4. In 1981-82, the US Gold Commission after long and hard deliberations decided against a return to the gold standard. Why do you think it did not recommend that the standard be reestablished?

5. Why are floating rates considered to be superior to fixed rates in dealing with major shocks such as oil price increases? Explain why floating exchange rates did not produce a reduction in the US balance of payments deficit during the early 1980s? Describe the system that was developed to replace floating exchange rates.

6. The International Monetary Fund stands ready to help nations facing monetary crisis. Go to www.imf.org and learn about this entity. What is the stated purpose of the IMF? How many nations participate and when was it established?
It is expected that you will incorporate current/contemporary materials from the *WALL STREET JOURNAL into your discussion. Of course materials found in any of the major economic/business/financial publications such as * BARRON'S. FORBES, NEW YORK TIMES, BUSINESS WEEK, ECONOMIST can be used to supplement the Journal articles in developing your essay.