Chapter 20. Shocks to Nations with Fixed Exchange Rates

Chapters in this book

1. Frontmatter I
2. Acknowledgments VII
3. About the Author IX
4. Preface XI
5. Contents XXIII
6. Chapter 1. Introduction to Global Macroeconomics 1
7. Chapter 2. Taking an Economic Pulse 13
8. Chapter 3. Labor Market Conditions 43
9. Chapter 4. Inflation and Real GDP 77
10. Chapter 5. Inflation: Who Wins, and Who Loses? 91
11. Chapter 6. Monetary Aggregates 115
12. Chapter 7. Financial Intermediation 135
13. Chapter 8. Money Creation 161
14. Chapter 9. Central Banks 193
15. Chapter 10. Real Credit Markets 243
16. Chapter 11. The Economics of Cryptocurrencies 281
17. Chapter 12. Real Goods and Services Markets 313
18. Chapter 13. Fiscal Policy 363
19. Chapter 14. Business Cycles 409
20. Chapter 15. Foreign Exchange Basics 425
21. Chapter 16. Foreign Exchange Markets 451
22. Chapter 17. Balance of Payments 499
23. Chapter 18. Putting It All Together 543
24. Chapter 19. Shocks to Nations with Flexible Exchange Rates 563
25. Chapter 20. Shocks to Nations with Fixed Exchange Rates 615
26. Chapter 21. Causes, Cures, and Consequences of the Great Recession 659
27. Chapter 22. Long-Term Growth and Development 715
28. Chapter 23. Long-Term Inflation, Exchange Rates, and Unemployment 743
29. Appendix A. List of Abbreviations 781
30. Appendix B. Important Terms and Concepts 785
31. Index 791