Exam (elaborations)
IMF past paper and full answers for Jan 2020 for Loughborough University.
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- Loughborough University (LU)
International Money and Finance past paper and full answers for Jan 2020 for Loughborough University.
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INTERNAL MONEY AND FINANCE(19ECC003)
January 2020 3 Hours
Answer ANY TWO questions from SECTION A
Answer all parts of question unless otherwise stated
Marks are specified along each question
Answer ALL questions in SECTION B
Any approved university calculator is permitted
Generic Feedback
SECTION A
Answer Any Two Questions from this section
The performance on the overall module was very good. The module’s average mark is 64%
and the maximum is 74% while the minimum is 26%. Feedback on individual questions is
provided below:
1. a. Compare and contrast the Bretton Woods system and the gold standard.
(50 marks)
The area overlooked is explanation on the difference in adjustments mechanism
under the two systems. Another common inadequacy is the depth of the
discussion.
b. Explain the twin deficit hypothesis. With reference to empirical evidence, examine
the extent to which this hypothesis can explain the persistent current account
deficit in the United States since the 1980s. (50 marks)
This part of the question is not well answered. Most could not even explain the
hypothesis and very few were able to use the hypothesis to explain the US current
account deficits.
However, the question is generally well answered with an average mark of 59%
and maximum and minimum marks as 71% and 40%, respectively.
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