The big picture marcoeconomics 12e parkin chapter 09

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The big picture marcoeconomics 12e parkin chapter 09

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Mục lục

  • The Exchange Rate and the Balance of Payments

  • I. The Foreign Exchange Market

  • Trading Currencies

  • The Demand for One Money is the Supply of Another Money

  • Demand in the Foreign Exchange Market

  • Supply in the Foreign Exchange Market

  • Market Equilibrium

  • Changes in the Demand for U.S. Dollars

  • Changes in the Supply of U.S. Dollars

  • Changes in the Exchange Rate

  • II. Arbitrage, Speculation, and Market Fundamentals

  • Speculation

  • Market Fundamentals

  • The Real Exchange Rate

  • III. Exchange Rate Policy

  • Because the exchange rate is the price of a country’s money, governments and central banks must have a policy toward the exchange rate. Three possible exchange rates policies are.

  • Flexible Exchange Rate

  • Fixed Exchange Rate

  • Crawling Peg

  • The People’s Bank of China in the Foreign Exchange Market (Economics In Action Detail)

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