In class students reviewed the Foreign Exchange Market which determines the exchange rate. Afterwards, students were introduced to the two type of foreign exchange regimes: (1) Floating Exchange Rate and (2) Fixed Exchange Rate. During class we discussed how and why a country would want to fix its exchange rate against another currency versus why a country would choose a floating exchange rate regime.
The notes are attached and the homework is listed below.
Notes - Exchange Rate Regimes
HW - Section 6 and 7
Read Module 45
*Quiz on Section 6/7 next class
**Make-up work by Thursday 1/15
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