0136091008_PPTsM10_Eiteman0136091008_12_MBF_C10课件.pptVIP

Chapter 10 Foreign Exchange Rate Determination and Forecasting Foreign Exchange Rate Determination Exchange rate determination is complex. The following exhibit provides an overview of the many determinants of exchange rates. This road map is first organized by the three major schools of thought (parity conditions, balance of payments approach, asset market approach), and secondly by the individual drivers within those approaches. These are not competing theories but rather complementary theories. Foreign Exchange Rate Determination Without the depth and breadth of the various approaches comb