Explain what is Quantitative Easing (QE) and why it is denominated unconventional monetary policy. How and when is it used by central banks?

Explain the key advantages and disadvantages of fiscal and monetary policy to achieve macroeconomic stabilization.       

What are global public goods? Why are they important in the global economy in response to global shocks that impact international macroeconomic performance? What are the main challenges in the provision of global public goods? 

How does a nation’s savings rate, as measured by the marginal propensity to save (MPS), affect the size of the spending multiplier? Write the multiplier formula in terms of the MPS and explain the intuition for why the MPS affects the multiplier in the way that it does.

Explain what is The Blockchain Trilemma. What is the main impediment for crypto to emerge as a challenger to fiat money emitted by a central bank?

The purpose of the Basel Committee was to achieve a better coordination of the surveillance exercised by national authorities over the international banking system. Why was it necessary to set up such committee? How effective has it been?

In international macroeconomics discussions, what is meant by internal balance and what is meant by external balance? Why is monetary policy generally preferred to achieve internal and external balance simultaneously but why is the impact of monetary policy limited when the economy is in a liquidity trap? When is a liquidity trap likely to happen and what are the macroeconomic stabilization policy options in that case?

A bank faced with a large and sudden loss of deposits is likely to shut down even if it has a fundamentally sound balance sheet. Why could this be? Is this in your opinion an illustration of self-fulfilling equilibria in economics?

When the central bank raises the domestic currency price of foreign currency (that is, number of units of home currency to get one unit of foreign currency), does the home currency revalue or devalue? Why would the central bank take this measure? How are currency devaluation and depreciation different? 

Describe what is meant by a gold exchange standard, and how it differs from the pure gold standard. What characteristics did the two exchange rate regimes share that made them inherently unstable and prone to propagate as well as perpetuate macroeconomic crises internationally into global financial crises such as the Great Depression?