(国际金融学英文课件）IF4Exchange Rate Determination.ppt

Exchange Rate Determination Exchange Rate Determination Introduction Under different monetary system, BP or exchange rate determination Exchange Rate Determination Chapter Three Outline 1.Purchasing Power Parity 2.Monetary Approach to the Balance of payments and Exchange Rate Determination 3. Exchange Rate Dynamics 4. Asset Market model and Exchange Rates.Portfolio-Balance Approach 5.Empirical tests and Exchange Rates Forecasting 1. Purchasing Power Parity (1)A law of one price (2)Absolute and relative PPP (3) PPP Deviations and Evidence on it (4) Empirical te