15 Questions
What is the 'impossible trinity' in financial globalization?
Maintaining monetary policy autonomy, cross-border capital mobility, and stable exchange rates
What was the reason behind the US decision to suspend the dollar's convertibility into gold in 1971?
Growing problem of confidence faced by the dollar
What is the purpose of IMF 'conditionality'?
To ensure that the country will be able to repay the IMF
What is the significance of sovereign wealth funds?
They blur the line between the state and the market
What is the managed floating exchange rate system?
A middle ground between the floating system and the fixed system
What is the 'impossible trinity' in relation to financial globalization?
Maintaining monetary policy autonomy, cross-border capital mobility, and stable exchange rates
What was the reason behind the collapse of the gold exchange standard in 1971?
Growing problem of confidence faced by the dollar
What is the purpose of IMF 'conditionality'?
To promote national ownership of strong and effective policies
What is the significance of sovereign wealth funds in financial globalization?
They blur the line between the state and the market
What is a managed floating exchange rate system?
A middle ground between the floating system and the fixed system
What is the main driver force in Realism?
National interest
What does Realism suggest about the international system?
It is characterized by anarchy
What is the Security Dilemma according to Realism?
A situation where states are uncertain about each other's intentions
What is the Vienna Congress?
An agreement between major states to balance power
What is Realism's view on international organizations and institutions?
They are ineffective in promoting peace
Test your knowledge on the globalization of finance and its impact on national policy autonomy with this quiz. Explore the Asian Financial Crisis of 1997-1998 and the Global Financial Crisis of 2008, and the role of capital controls and global private financial markets. Discover the risks of capital flight and the IMF's conditionalities. Challenge your understanding of embedded liberalism and financial liberalization.
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