ch13 Exchange Rates and the Foreign Exchange Market An Asset Approach 国际商务硕士 国际经济学 知识讲稿.pptVIP

Chapter 13;Preview;Definitions of Exchange Rates;Table 13-1: Exchange Rate Quotations;Depreciation and Appreciation;Depreciation and Appreciation (cont.);Foreign Exchange Markets;Foreign Exchange Markets;Foreign Exchange Markets (cont.);Foreign Exchange Markets (cont.);Spot Rates and Forward Rates;Fig. 13-1: Dollar/Pound Spot and Forward Exchange Rates, 1981–2007 ;Other Methods of Currency Exchange;Other Methods of Currency Exchange;The Demand of Currency Deposits;The Demand of Currency Deposits (cont.);The Demand of Currency Deposits (cont.);The Demand of Currency Deposits (cont.);The Demand of Currency Deposits (cont.);The Demand of Currency Deposits (cont.);The Demand of Currency Deposits (cont.);The Demand of Currency Deposits (cont.);The Demand of Currency Deposits (cont.);The Demand of Currency Deposits (cont.);Table 13-3: Comparing Dollar Rates of Return on Dollar and Euro Deposits;Model of Foreign Exchange Markets;Model of Foreign Exchange Markets (cont.);Model of Foreign Exchange Markets (cont.);Model of Foreign Exchange Markets (cont.);Table 13-4: Today’s Dollar/Euro Exchange Rate and the Expected Dollar Return on Euro Deposits When Ee$/€ = $1.05 per Euro ;Fig. 13-3: The Relation Between the Current Dollar/Euro Exchange Rate and the Expected Dollar Return on Euro Deposits;The Current Exchange Rate and the Expected Rate of Return on Dollar Deposits;Fig. 13-4: Determination of the Equilibrium Dollar/Euro Exchange Rate;Model of Foreign Exchange Markets ;Fig. 13-5: Effect of a Rise in the Dollar Interest Rate;Fig. 13-6: Effect of a Rise in the Euro Interest Rate;The Effect of an Expected Appreciation of the Euro;The Effect of an Expected Appreciation of the Euro;Covered Interest Parity;Summary;Summary;Summary (cont.);Summary (cont.);Summary (cont.);Additional Chapter Art;Table 13-2: $/￡ Exchange Rates and the Relative Price of American Designer Jeans and British Sweaters;Fig. 13-2: Interest Rates on Dollar and Yen Deposits, 1978–2007