Floating exchange rates Assignment Essay

Floating exchange rates Assignment Essay

Description/Paper Instructions

Floating exchange rates Assignment Essay

A floating exchange rate is a type of exchange rate regime in which the value of a currency is determined by supply and demand in the foreign exchange market. This means that the price of one currency in terms of another is not fixed, but can fluctuate over time.

There are two main types of floating exchange rates:

Freely floating exchange rates: In this system, the government does not intervene in the foreign exchange market to influence the value of the currency. The value of the currency is determined solely by the forces of supply and demand.

Managed floating exchange rates: In this system, the government may intervene in the foreign exchange market to some extent, but it does not try to fix the value of the currency. The government’s goal is to smooth out the fluctuations in the value of the currency, but it does not try to prevent them from happening altogether.

Floating exchange rates have a number of advantages and disadvantages.

Advantages:

Floating exchange rates can help to promote economic efficiency. This is because they allow the price of a currency to reflect the underlying economic conditions of the country. For example, if a country’s economy is doing well, the value of its currency will tend to appreciate. This makes it cheaper for foreigners to buy goods and services from the country, which can help to boost exports.

Floating exchange rates can also help to insulate a country’s economy from external shocks. For example, if there is a global economic downturn, the value of a country’s currency may depreciate. This can help to protect the country’s exports from becoming too expensive.

Disadvantages:

Floating exchange rates can be volatile. This means that the value of a currency can fluctuate wildly over a short period of time. This can make it difficult for businesses to plan for the future, and it can also make it more difficult for consumers to make purchases in foreign currencies.

Floating exchange rates can also make it more difficult for governments to manage their economies. This is because the government cannot control the value of the currency, and this can make it difficult to achieve its economic goals.

Overall, floating exchange rates have both advantages and disadvantages. The best system for a particular country will depend on its specific circumstances.

Here are some of the factors that can affect the value of a floating exchange rate:

Economic conditions: The value of a currency is likely to be affected by the economic conditions of the country. For example, if a country’s economy is doing well, the value of its currency is likely to appreciate.

Political stability: The value of a currency is also likely to be affected by the political stability of the country. For example, if a country is experiencing political instability, the value of its currency is likely to depreciate.

Interest rates: The value of a currency is also likely to be affected by interest rates. For example, if a country’s interest rates are higher than those in other countries, the value of its currency is likely to appreciate.

Speculation: The value of a currency can also be affected by speculation. This is when investors buy or sell a currency in the hope of making a profit from the fluctuations in its value.

Floating exchange rates are a complex topic, and there is no easy answer to the question of whether they are good or bad. However, they are an important part of the global financial system, and they have a significant impact on the economies of countries around the world.

Floating exchange rates Assignment Essay

RUBRIC QUALITY OF RESPONSE NO RESPONSE POOR / UNSATISFACTORY SATISFACTORY GOOD EXCELLENT Content (worth a maximum of 50% of the total points) Zero points:  Student failed to submit the final paper. 20 points out of 50:  The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. 30 points out of 50:  The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately.  Elements of the required response may also be lacking. 40 points out of 50:  The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples.  The answer is complete. 50 points:  The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples.  No aspects of the required answer are missing. Use of Sources (worth a maximum of 20% of the total points). Zero points:  Student failed to include citations and/or references. Or the student failed to submit a final paper. 5 out 20 points:  Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. 10 out 20 points:  References to scholarly sources are occasionally given; many statements seem unsubstantiated.  Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. 15 out 20 points:  Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented.  APA 6th Edition is used with only a few minor errors.  There are minor errors in reference and/or citations. And/or there is some use of questionable sources. 20 points:  Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented.  APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. Grammar (worth maximum of 20% of total points) Zero points:  Student failed to submit the final paper. 5 points out of 20:  The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors  10 points out 20:  The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors 15 points out of 20:  The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. 20 points:  The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. Structure of the Paper (worth 10% of total points) Zero points:  Student failed to submit the final paper. 3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. 5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements.  The student also significantly writes too large or too short of and paper 7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. 10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper.
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