ch13Exchange-RateDetermination(国际经济学-(ByRobertJ.Carbaugh).pptVIP

Carbaugh, Chap. 13 International EconomicsBy Robert J. Carbaugh9th Edition Chapter 13: Exchange-Rate Determination Factors influencing exchange rates Market fundamentals Bilateral trade balances Real income Real interest rates Inflation rates Consumer preferences for domestic or foreign products Productivity changes affecting production costs Profitability and riskiness of investments Factors influencing exchange rates Market fundamentals (cont’d) Product availability Monetary policy and fiscal policy Government trade policy Market expectations News about future market fundamentals Speculati