《management企业管理类英文版PPT课件35).pptVIP

Chapter 10Exchange Rates, Business Cycles, and Macroeconomic Policy in the Open Economy Economics 282 University of Alberta The Open Economy Two aspects of the interdependence of the world economies: international trade in goods and services; worldwide integration of financial markets. Nominal Exchange Rates If someone in one country wants to buy goods, services, or assets from someone in another country, normally she will first have to exchange her currency for that of her trading partner’s country. Nominal Exchange Rates (continued) The nominal exchange rate, or exchange rate, between two