Survey
* Your assessment is very important for improving the workof artificial intelligence, which forms the content of this project
* Your assessment is very important for improving the workof artificial intelligence, which forms the content of this project
Chapter 19. Open Economy Macroeconomics Link to syllabus The US Balance of Payments, 2010. Table 19-2, p. 551 Big Surpluses. P. 555. Current Account Deficits. Earlier edition. p. 499 Egypt’s Balance of Payments, 1991-1998 Source: WTO Trade Policy Review, Egypt, 1999 Exchange Rates, Sept. 24, 2011 (Table 19-3, p. 561) Earlier edition. Exchange rates, 2008 Link to x-rate.com Newspaper Presentation EYE ON THE GLOBAL ECONOMY P. 497 Bade/Parkin The Sliding Euro Back to list P. 485 Bade/Parkin The Dollar and the Yen Since 1980 Back to list ←Depreciation of $ Appreciation of $→ The Foreign Exchange Market. Fig. 19-5, p. 562. The market for US Dollars in Europe, for which the price is expressed as €/$. ←Depreciation of $ Appreciation of $→ The Foreign Exchange Market. Fig. 19-5, p. 562. (US imports) (US exports) The market for US Dollars in Europe, for which the price is expressed as €/$. ←Depreciation of $ Appreciation of $→ The Foreign Exchange Market. Fig. 19-5, p. 562. US imports & capital flows, US → Europe US exports & capital flows, Europe → US The market for US Dollars in Europe, for which the price is expressed as €/$. Increase in Demand for US Dollars in Europe, caused by greater capital flows from Europe → US. Fig 19-6, p. 563 Political Impact on Xrates Real vs. Nominal Exchange Rates Peso/US$ 1993-2011. Figure 19-7, p. 565 U.S. Net Exports. Fig. 19-9, p. 568 US Net Exports, 1947-2008. Fig. 18-9, p. 512 Exchange Rate Intervention. Fig. 19-10, p. 570 Can’t do this in this course. Balance of payments deficit: oversupply of domestic currency in international markets. S reflects Genovian imports, D is Genovian exports, and Exports – Imports < 0. Balance of payments surplus Fig. 19-11 p. 572 The Road to the Euro International Capital Flows. Fig. 18-4, p. 501 Monetary Policy and the Exchange Rate. Fig. 18-12, p. 519 Note that the exchange rate is now Geno/$, in contrast to Fig. 18-5. Purchasing Power Parity, Canada/US. Fig. 19-8, p. 567