Your paper must be typed in 12-point font and should contain four primary sections, as detailed below. Undergraduates should strive for a minimum of 1500 words, and graduate students should strive for 2500. You must address every element requested, but you are encouraged to incorporate additional information, as you see fit. The paper should be double-spaced, using footnotes or endnotes (when appropriate) and should include a reference page. (Footnotes, endnotes and References do not count toward the word limit.) At a minimum, your reference page should include 8 citations. You must be very careful when quoting material; check your quotes carefully, and do not alter them. A reference citation – e.g. [Baird 1998, 46] or (Wallace, 1990, p. 167) – should follow each quotation. Examples can be found in any academic journal. References must be listed alphabetically, according to the author’s last name and should be presented, on the last page of the paper, in the following way:
Baird, James H. 1998. "A Central Bank or a Currency Board?" Journal of Banking, Vol. 22, no. 3, pp. 347-370.
Wallace, Frank E. 1999. Exchange Rate Regimes. New York: Macmillan.
To find out how to cite an Internet source, visit (http://www.apastyle.org/elecref.html).
You may integrate your graphical data (e.g. tables, figures, charts, etc.) into the text, or you may present it separately. If you choose to integrate the data, be sure to refer to the graph, figure or chart before it appears. If you prefer not to integrate it, label each graph, figure or chart and place each on a separate sheet, preceding the reference page. All graphs, whether integrated or presented separately, must be sequentially numbered and must be given an appropriate title.
- type of monetary system (i.e. exchange rate regime) in place
- country’s currency
- major trading partners
- major export industries
- primary imports
- primary imports
- data on all components of GDP
- (X-M) as a percent of GDP
- exchange rate vis-à-vis major trading partner(s)
- interest rate(s)
- inflation
- unemployment
- deficit-to-GDP and debt-to-GDP ratios
- NOTE: Do not provide a single data point (e.g. the inflation rate in 2001). Get "time series" data (i.e. data over a longer period of time -- say 10 years) so that you can analyze trends in each series).
- rules/objectives pursued by monetary authorities
- rules/objectives pursued by fiscal authorities
- use AA-DD, FF-HH or other models to help with the exposition
- recommendations for alternative monetary policy
- recommendations for alternative fiscal policy
- other policy/reform recommendations
- use AA-DD, FF-HH or other models to help with the exposition