外汇和外汇市场

单击此处编辑母版标题样式,单击此处编辑母版文本样式,第二级,第三级,第四级,第五级,*,*,CHAPTER 15,The Foreign,Exchange,Market,FINANCIAL MARKETS,INstitutio,Frederic S Mishkin.Stanley G.Eakins,Copyright 2019 Pearson PrentIce Hall.PEARSON,Chapter Preview,n the mid-1980s.American businesses,became less competitive relative to their,foreign counterparts.By the 2000s,though,competitiveness increased Why?,Part of the answer can be found in,exchange rates.In the 1980s the dollar,was strong and us goods were expensive,to foreign buyers,2019P,Prentice Hall.All rights rese,15-1,Chapter Preview,By the 1990s and 2000s the dollar,weakened,so American goods became,cheaper and american businesses became,more competitive,2019P,Prentice Hall.All rights rese,15-2,Chapter Preview,In this chapter,we develop a modern view,of exchange rate determination that,explains recent behavior in the foreign,exchange market.Topics include,Foreign Exchange Market,Exchange Rates in the Long Run,Exchange Rates in the short run,Explaining Changes in EXchange Rates,2019P,Prentice Hall.All rights rese,15-3,Foreign Exchange Market,Most countries of the world have their own,currencies the u.s dollar.the euro in,Europe,the Brazilian real,and the chinese,yuan,just to name a few,The trading of currencies and banks,deposits is what makes up the foreign,exchange market,2019P,Prentice Hall.All rights rese,15-4,