management 企业管理类英文版课件 (27)(精品·公开课件).pptVIP

Exchange-Rate Systemsand Currency Crises Chapter 15 Copyright ? 2009 South-Western, a division of Cengage Learning. All rights reserved. Exchange Rate Systems 2) floating rate a) determined by market forces b) float independently or with a group of other currencies 1) fixed rate  a) also known as pegged exchange rate b) anchored to the value of one other currency or a group of currencies  IMF Principles 2) Members should intervene to counteract disruptive short term exchange rate movements 1) Member nations must avoid manipulating exchange rates in order to impact balance o