国际贸易双语教案问题答案Pugel4SGAKEY (17).pdf

1、本文档共8页，可阅读全部内容。
2、原创力文档（book118）网站文档一经付费（服务费），不意味着购买了该文档的版权，仅供个人/单位学习、研究之用，不得用于商业用途，未经授权，严禁复制、发行、汇编、翻译或者网络传播等，侵权必究。
3、本站所有内容均由合作方或网友上传，本站不对文档的完整性、权威性及其观点立场正确性做任何保证或承诺！文档内容仅供研究参考，付费前请自行鉴别。如您付费，意味着您自己接受本站规则且自行承担风险，本站不退款、不进行额外附加服务；查看《如何避免下载的几个坑》。如果您已付费下载过本站文档，您可以点击这里二次下载。
4、如文档侵犯商业秘密、侵犯著作权、侵犯人身权等，请点击“版权申诉”（推荐），也可以打举报电话：400-050-0827(电话支持时间：9:00-18:30)。

CHAPTER17

THEFOREIGNEXCHANGEMARKET

ObjectivesoftheChapter

Thischapterdealswiththenatureandorganizationoftheforeignexchangemarket.Atitsmostbasic,the

equilibriumexchangeratecanbethoughtofasthepricethatequatestheinternationalsupplyofand

demandforacountry’smoney.Forexample,theexchangerateontheBritishpound(expressedas

AmericandollarsperBritishpound)wouldbedeterminedbythesupplyofpoundsarisingfromBritish

purchasesofAmericangoods,services,andassets,andbythedemandforBritishpoundsarisingfrom

AmericanpurchasesofBritishgoods,services,andassets.

Youmightwanttotrackafewofthemajorcurrenciesandrelatedcommentariesinthedailylistingsinthe

financialpress.

AfterstudyingChapter17youshouldbeabletoidentify

1.whatanexchangerateis.

2.whatthereciprocaloftheexchangeratemeans.

3.theorganizationofthemodernforeignexchangemarket.

4.thedistinctionbetweenspotandforwardexchangerates.

5.determinantsofdemandandsupplyforforeignexchange.

6.howasystemofflexibleforeignexchangeratesworks.

7.howasystemoffixedforeignexchangeratesworks.

ImportantConcepts

Appreciation(depreciation):Anincrease(decrease)inthemarketpriceofacurrencyundera

floatingexchangeratesystem.

Fixedexchangerate:Aratewhoseofficiallydeclaredvalueismaintainedbycentralbank

intervention.(Alsoreferredtoasapeggedexchangerate.)

Floatingexchangerate:Aratewhosevalueisdeterminedpurelybythemarketforcesof

supplyanddemand,withnodirectin

该用户很懒，什么也没介绍

咨询Ta 进入空间

更多 >