Chapter 14 Global Editlon Exchange Rates and the Foreign Exchange Market: An Asset Approach International Economics THEORY & POLICY Ninth Edition Paul R. Krugman Maurice Obstfeld Marc J. Melltz PEARSON PEARSON Copyright 2012 Pearson Education. All rights reservedCopyright © 2012 Pearson Education. All rights reserved. Chapter 14 Exchange Rates and the Foreign Exchange Market: An Asset Approach