Affect on the value of french franc
Not what you're looking for?
In the 1995 election for the French presidency, the Socialist candidate, Lionel Jospin, vowed to halt all privatizations, raise taxes on business, spend heavily on job creation, and cut the work week without a matching pay cut. At the time Mr. Jospin made this vow, he was running neck-and-neck with the conservative Prime Minister Jacques Chirac, who espoused free-market policies.
a. How do you think the French franc responded to Mr. Jospin's remarks?
b. In the event, Mr. Chirac won the election. What was the franc's likely reaction?
c. In a surprise ending to the 1997 French parliamentary elections, the Socialist party won and Mr. Jospin became Prime Minister. Given that Mr. Jospin still espoused the same policies as before, what was the likely reaction of the French franc to his election?
Purchase this Solution
Solution Summary
The following posting discusses how political changes can affect the value of the French Franc.
Solution Preview
a. How do you think the French franc responded to Mr. Jospin's remarks?
Mr. Jospin's policies reflect economic insanity--calculated to destroy economic incentives to invest, hire people, and promote economic efficiency--which would be bad ...
Purchase this Solution
Free BrainMass Quizzes
Basics of corporate finance
These questions will test you on your knowledge of finance.
Six Sigma for Process Improvement
A high level understanding of Six Sigma and what it is all about. This just gives you a glimpse of Six Sigma which entails more in-depth knowledge of processes and techniques.
Social Media: Pinterest
This quiz introduces basic concepts of Pinterest social media
SWOT
This quiz will test your understanding of the SWOT analysis, including terms, concepts, uses, advantages, and process.
Income Streams
In our ever changing world, developing secondary income streams is becoming more important. This quiz provides a brief overview of income sources.