讲义说明分析国际金融chapter10floating exchange rates and internal balance.pptxVIP

INTERNATIONAL FINANCEHuang zhiyong ? Nanjing University of Finance Economics ? hzy196896@ ? TelHAPTER 10Floating Exchange Rates and Internal Balance 一、Monetary policy with floating exchange ratesWith floating exchange rates, Monetary policy exerts a strong influence over domestic product and income.Figure 10.1Figure 10.1Money Expansion: Floating Exchange RateUnder floating exchange rates, monetary policy is powerful in its effects on internal balanceThe induced change in the exchange rate reinforces the domestic effects of monetary policy.This general conclusion holds whatever the