2. Synthesize and evaluate theories of exchange rate determination.
3. Assess the policy options available in an open macroeconomic environment.
4. Evaluate the extent to which macroeconomic policy effectiveness is affected by macroeconomic openness.
5. Assess the implications of a government’s choice between a fixed and a floating exchange rate regime.
6. Analyse the causes and effects of currency crises.
2. Evaluate the effectiveness of Covid Policies on the Macroeconomy in both countries.
4. Discuss the role of trade and capital flows for the effectiveness of the policy in two countries. Keeping the HBR article in mind assess what reduced globalisation of trade due to pandemic will mean for the policy effectiveness and economic recovery. Is there a role for cryptocurrency and the digital economy in the pandemic recovery?
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