国际金融chapter1.pptVIP

International  Finance Part one The Balance of payments and macroeconomic policy in an open economy Chapter 1 The foreign exchange market 1.1 Introduction The main contents of this chapter: 1.exchange-rate definitions→1.2; 2.various participants and the basic forces in the market→1.3~1.4; 3.various exchange-rate definitions and economic significance→1.5~1.6; 4.the determination of spot rate→1.7~1.8; 5.the determination of forward rate→1.9~1.10. 1.2 Exchange-Rate Definitions 1.2.1 Exchange rate: the price of one currency in terms of another. 1.2.2 Two methods of expressing it: