The financial booms and busts over recent years have caused some people to call for a return to the gold standard. They point out that the gold standard reduced exchange-rate risk, imposed strict monetary policies on nations, and helped correct national trade imbalances.

a) Do you think a new gold standard could be successful today? 

b) Do you think a global version of the European monetary system would work today?

Please explain your answers to both questions in a post of 200250 words

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