Foreign Exchange Department of Economics Home 对外汇经济部.pptVIP

* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * Unsustainable Exchange Rate Mexico’s External Balances Ruble Exchange Rate Monetary Base and Gross Reserves Russian Foreign Exchange Reserves (billions of $)MB = $6.7 billion in Sept 1998 Market for Foreign Exchange Varieties of Exchange Rate Regimes * * * * * * * * * * * * * * * * * * * * * * * * * Implied Yen Volatility (3 mo) New Zealand 3 month T Bill Yen/NZD Spot Rate and the Interest Differential Real Interest Parity We have been looking at nominal returns, what about real