TAILIEUCHUNG - Bài giảng International financial management: Chapter two - Ngo Thi Ngoc Huyen

Bài giảng "International financial management - Chapter two: The determination of exchange rates" introduce to you the content: Exchange rate equilibrium, the fundamental of Central bank intervention. Invite you to consult. | CHAPTER TWO OVERVIEW CHAPTER TWO THE DETERMINATION OF EXCHANGE RATES 1/2/2013 CHAPTER 2 1 DEMAND FOR A CURRENCY (. VIEWPOINT) • Exchange rate equilibrium • The fundamental of Central bank intervention 1/2/2013 CHAPTER 2 2 DEMAND CURVE FOR BRITISH POUNDS • Demand for foreign exchange by . corporations / traders / governments that need to purchase: Price of BP in $ – foreign-produced trade items – foreign assets (real and financial). • Demand Curve: – Relationship between the quantity of FX demanded & the price of FX (exchange rate) – Negatively sloping $ $ 10 Bill 20 Bill Quantity of BP CHAPTER 2 3 CHAPTER 2 4 1 SUPPLY FOR A CURRENCY (. VIEWPOINT) SUPPLY CURVE FOR BRITISH POUNDS • Supply of foreign exchange by foreign corporations / traders / governments that need to purchase: Price of BP in $ – . produced trade items – . assets (real and financial). • Supply Curve: – Relationship between the quantity of FX demanded & the price of FX (exchange rate) – Positively sloping $ $ 10 Bill 20 Bill Quantity of BP CHAPTER 2 5 CHAPTER 2 EXCHANGE RATE EQUILIBRIUM (. VIEW POINT) 6 CHANGE IN MACROECONOMIC FACTORS & EXCHANGE RATE Equilibrium dollar price and quantity of British Pounds are determined such that American and British goods and assets are traded. • EVENTS Price of BP in $ Supply Curve for BP – – – – – $ $ Increase/decrease in relative domestic inflation Increase/decrease in relative domestic interest rates Increase/decrease in relative GDP FX trading by Governments FX trading by speculators due to change in expectations • EFFECTS: What happen to: $ – The supply and demand schedules – The equilibrium exchange rate/price of the foreign currency Demand Curve for BP 10 Bill 15 Bill 20 Bill Quantity of BP CHAPTER 2 7 CHAPTER 2 8 2 • Demand Schedule: – Foreign goods are relatively cheaper to domestic consumers. – Merchandise imports increase. – Quantity of FX .

• Ngân hàng - Tín dụng
• International financial management
• Bài giảng International financial management
• Tài chính quốc tế
• The determination of exchange rates
• The fundamental of Central bank intervention
• Quản lý tài chính quốc tế
• Lecture International financial management
• International financial markets
• Foreign exchange market
• International money market
• Financial statement
• International trade transactions
• Financial management
• Fundamentals of financial management
• Financial statement analysis
• International bond market
• International equity markets
• International trade finance
• Multinational cash management
• International equity financing
• International capital market equilibrium
• International capital budgeting
• The foreign currency hedging decision
• International banking
• Money market
• International portfolio investment
• Balance of payments
• Current account
• Financial accounts
• International flow of funds
• Exchange rate determination
• Government influence
• Currency derivatives
• International tax environment
• Financial environments
• Multinational financial management
• Tăng trưởng của MNCs
• Direct foreign investment
• Multinational capital budgeting
• Financing international trade
• International cash management
• Lesson International financial management
• Management of translation exposure
• Translation Exposures
• Alternative currency translation methods
• Translation exposure
• International business
• International marketing
• International operations management
• International strategic management
• International strategic alliances
• Exchange rates
• International Fisher Effect
• Purchasing power parity
• International diversification
• International project
• Initial investment
• Lecture International business
• International environmental forces
• Organizational environment
• Financial management decisions
• International flow
• International arbitrage
• Interest rate parity
• Relationships among inflation
• International monetary system
• International parity relationships
• Forecasting foreign exchange rates
• International financial
• Managing transaction exposure
• Country risk analysis
• Lecture Multinational financial management
• International banking and money market
• International banking services
• Capital adequacy standards