国经济经学课件12.ppt

An Introduction to International Economics Chapter 12: Exchange Rate Determination Dominick Salvatore John Wiley Sons, Inc. Forces the determine exchange rates Relative rates of economic growth If the U.S. grows more rapidly than the rest of the world, its demand for imports will increase more rapidly. By itself, this should increase the demand for foreign currency and lead to depreciation of the dollar. Forces the determine exchange rates Relative rates of economic growth Relative rates of inflation If U.S. inflation is greater than the rate of inflation in the rest of the world, the dollar