汇率附汇率决定理论.docVIP

Exchange Rate By: Flynn, Simone I., Exchange Rate -- Research Starters Business, 2008 /ehost/detail?vid=1hid=4sid=6d6024cd-fb5a-4883-b24c-286e2595ef1f%40sessionmgr9bdata=JnNpdGU9ZWhvc3QtbGl2ZQ%3d%3d#db=e6hANb=e6hANThis article focuses on exchange rate. It provides an overview of the ways in which governments and policymakers implement exchange rate policy to control and stabilize national economies. The main types of exchange rate regimes, including floating exchange rate regimes, managed exchange rate regimes, and pegged exchange rate regimes, will be described. The issues associated with exchange rate management will be discussed. Keywords Business Cycle; Depression; Dollarism; Economic Contraction; Economic Expansion; Economic Exposure; Exchange Rate; Exchange Rate Management; Exchange Rate Policy; Exchange Rate Regimes; Fiscal Policy; Floating Exchange Rate Regimes; Forex Markets; Growth Cycles; Managed Exchange Rate Regimes; Monetary Policy; Monetary Union; Pegged Exchange Rate Regimes International Business Exchange Rate Overview An exchange rate is a comparison between a national currency and a foreign currency. Exchange rates are flexible expressions that may serve as a multiplier, ratio, or price. There are multiple types of exchange rates: Nominal, real, bilateral, and multilateral. Nominal exchange rates, which are reported daily in newspapers worldwide, are based on currency financial markets called forex markets. Forex markets, also referred to as foreign exchange markets, are markets in which buyers and sellers conduct foreign exchange transactions. Nominal exchange rates may be fixed for a period of time by a central bank. Real exchange rates are nominal exchange rates corrected by an inflation measure. Bilateral exchange rates are figured by comparing two countries currencies. Multilateral exchange rates are figured by comparing multiple currencies. Multilateral currencies evaluate the dynamics of a countrys currency toward