geb8 - Chapter7LearningObjectives...

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Chapter 7 Learning Objectives After studying this chapter, you should be able to: 1. understand the determinants of foreign exchange rates 2. track the evolution of the international monetary system 3. identify firms’ strategic responses to deal with foreign exchange  movements 4. participate in three leading debates on foreign exchange movements 5. draw implications for action
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Exchange Rate Policies floating  (or  flexible exchange rate policy  -  willingness of a  government to let the demand and supply conditions determine exchange rates clean  (or  free float  -  pure market solution to determine exchange rates dirty  (or  managed float  -  common practice of determining exchange  rates through selective government intervention target exchange rates  or  crawling bands  -  limited policy of  intervention, occurring only when the exchange rate moves out of the specified 
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This note was uploaded on 01/25/2011 for the course GEB 3373 taught by Professor Crum during the Spring '10 term at University of Florida.

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geb8 - Chapter7LearningObjectives...

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