13-Ch14-2外汇市场模型-学生.pptVIP

Ch14.2 A model of foreign exchange markets 回忆外汇资产需求 Equilibrium in the Foreign Exchange Market When market participants willingly hold the existing supplies of deposits of all currencies, this implies that the foreign exchange market is in equilibrium. Parity The equivalent in value of a sum of money expressed in terms of a different currency at a fixed, official rate of exchange. Equality of prices of goods or securities in two different markets. Interest Parity:The Basic Equilibrium Condition The basic equilibrium condition The foreign exchange market is in equilibrium when deposits