新编金融英语教程第五章.pptxVIP

;;;;5.2 Key Points;;;;5.2 Key Points;5.2 Key Points;;arbitrage profits assumed inflation basket of currencies buying rate carry trade credit market currency exchange currency substitution equilibrium exchange rate exchange rate fixed exchange rate ;material goods Mundell-Fleming model national currency Over-the-counter (OTC) market payments imbalance perfect capital mobility selling rate spot exchange rate the theory of purchasing power parity the theory of interest rate parity ;1. The exchange rate is the ratio of the currency of one country to the currency of another country