国际金融八章.pptVIP

Balance-of-Payments and Exchange-Rate Determination Elasticities Approach and Absorption Approach Fundemental Issues: How do the export and import determine the supply of and demand for foreign exchange? What is the elasticity approach to Balance-of-Payments and exchange-rate determination? What is the J-curve effect? What are the pass-through effects? What is the absorption approach to Balance-of-Payments and exchange-rate determination? How do the changes in real income and absorption affect a nation’s current account balance and the foreign exchange value of its currency? Overview of the El