尉计酒价質多本孝 195 UNVERSITY OF INTERNATONAL BUS NESS AND ECONOMCS Chapter 15 Macroeconomics of International Currencies CASIO
Chapter 15 Chapter 15 Macroeconomics Macroeconomics of International Currencies of International Currencies
I.教学日的 By the end of the chapter,students should be able to know about how international currencies originated why there lacks currency substitution the Bretton Woods system international monetary system 约价首多大考
I. 教学目的 By the end of the chapter, students should be able to know about ¾ how international currencies originated ¾ why there lacks currency substitution ¾ the Bretton Woods system ¾ international monetary system
Ⅱ.教学计划 This chapter will cover 3 hours.2 hours for the introduction of background information and explanations of terms and the texts.And the other 1 hours for discussion and practice. 数更价首5大4
II. 教学计划 This chapter will cover 3 hours. 2 hours for the introduction of background information and explanations of terms and the texts. And the other 1 hours for discussion and practice
Ⅱ.教学方法 Translation:key sentences and terms >Paraphrasing:major words and sentences >Summarizing:important paragraphs > Discussion:key issues Questions and answers 均州重价生华六
III. 教学方法 ¾ Translation: key sentences and terms ¾ Paraphrasing: major words and sentences ¾ Summarizing: important paragraphs ¾ Discussion: key issues ¾ Questions and answers
V.背景知识 1)In the early 1970s,the demise of the Bretton Woods system resulted in fundamental changes in the way international monetary system worked.Most important among these changes was that the supply and the composition of international liquidity became endogenously determined and the international monetary system departed from a commodity system 约价首多大4
1) In the early 1970s, the demise of the Bretton Woods system resulted in fundamental changes in the way international monetary system worked. Most important among these changes was that the supply and the composition of international liquidity became endogenously determined and the international monetary system departed from a commodity system. IV. 背景知识
2)The international monetary system is the framework within which countries borrow,lend. buy,sell and make payments across political borders.So far the world has gone through the following types of monetary system: a)the gold standard b)the gold exchange standard c)flexible exchange rate system d)managed float 数更价首5大考
2) The international monetary system is the framework within which countries borrow, lend, buy, sell and make payments across political borders. So far the world has gone through the following types of monetary system: a) the gold standard b) the gold exchange standard c) flexible exchange rate system d) managed float
3)The foreign exchange market is a place where currencies are bought and sold The interbank market is an informal,over-the- counter,around the clock market including major commercial banks and some specialized brokers. The market is linked by telephone,fax,and the Internet,and the settlement of transactions is done via SWIFT. 约价首多大考
3) The foreign exchange market is a place where currencies are bought and sold. The interbank market is an informal, over-thecounter, around the clock market including major commercial banks and some specialized brokers. The market is linked by telephone, fax, and the Internet, and the settlement of transactions is done via SWIFT
Purchasing power parity:Purchasing power parity (PPP)is a theory of exchange rate determination and a way to compare the average costs of goods and services between countries.The theory assumes that the actions of importers and exporters motivated by cross country price differences,induces changes in the spot exchange rate.capital account,induces changes in the exchange rate 数更价首5大考
Purchasing power parity: Purchasing power parity (PPP) is a theory of exchange rate determination and a way to compare the average costs of goods and services between countries. The theory assumes that the actions of importers and exporters motivated by cross country price differences, induces changes in the spot exchange rate. capital account, induces changes in the exchange rate
In another vein,PPP suggests that transactions on a country's current account,affect the value of the exchange rate on the foreign exchange market.This contrast with the interest rate parity theory which assumes that the actions of investors,whose transactions are recorded on the 数更价首5大考
In another vein, PPP suggests that transactions on a country's current account, affect the value of the exchange rate on the foreign exchange market. This contrast with the interest rate parity theory which assumes that the actions of investors, whose transactions are recorded on the
V.重点讲解 1.概念讲解 ·Fiat system法币/不兑换纸币体系 a monetary system in which the value of money (usually paper money)is determined by a government's fiat or decree. 数更价首5大4
V. 重点讲解 1.概念讲解 • Fiat system 法币/不兑换纸币体系 a monetary system in which the value of money (usually paper money) is determined by a government’s fiat or decree