1.The Economist reading called “A short history of modern finance” summarizes the main elements of the rapid period of financial market changes following the abandonment of Bretton-Woods by US President Nixon in late 1971. Identify and briefly explain the importance of 4 of the main financial innovations since the early 1970s that have had a clear impact on individual investors.
2.Financial relief for individuals and businesses through the covid-19 pandemic has greatly increased the public debt in Canada as well as in many other countries. What does the Rogoff reading “Not a pretty picture” tell us is likely to happen as a result?
3.Central bankers claim that maintaining a moderate level of inflation is justified to avoid the dangers and downsides of deflation. The Economist reading called “Of debt, deflation and denial; The deflation danger”, discusses whether deflation is really a danger that we should worry about. Summarize the main arguments presented in the reading.
4.With reference to the Economist reading “Not-so-divine intervention”, explain what “sterilized intervention in the foreign exchange market” is an what it is supposed to accomplish.
I need it all the answer in1 hour and 30 min.
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