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Unformatted text preview: Ch 10 Ch 11 Ch 24 I MF -Managed fixed rate of exchange. -They pick up the dollar as the key currency Currency adjustment: -devaluation: lowering the value of the currency through an increasing the value of the gold -usually on Sunday morning -appreciation: increasing the value of the currency in terms of other currency -depreciation: lower value of the currency in terms of other currencies Floating: the value of the currency will be determined or fixed th rough the market forces of supply and demand Balance of payment: Financial t ransaction including: capital movement, gold movement, balance of t rade, currency shipment, -These t ransaction result in a plus or minus 1) Balance of t rade insurance, shipping and tourism, short run investiment ...
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This note was uploaded on 09/09/2009 for the course ECON 20091_ECO taught by Professor Mohammadsafarzadeh during the Winter '09 term at USC.
- Winter '09