Copyright© 2008 South-Western, a part of Cengage Learning.. Copyright© 2008 South-Western, a part of Cengage Learning.. Copyright© 2008 South-Western, a part of Cengage Learning.. Copyri
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reserved
Trang 6Is Set below Equilibrium
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Trang 8Rate Is Set above Equilibrium
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Source: International Monetary Fund (IMF), International Financial Statistics Online, http://ifs.apdi.net/imf/
(accessed January 16, 2006).
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Trang 12Exchange Rate
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Trang 14Baht Back to Its Fixed Rate
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of U.S Dollars
Trang 16Source: IMF, International Financial Statistics, http://ifs.apdi.net/imf/ (accessed January 16, 2006).
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and U.S Commercial Deposit Rate, 1985–1995
Source: IMF, International Financial Statistics Online, http://ifs.apdi.net/imf/ (accessed January 16, 2006).
Trang 18on the Real Risk-Free Interest Rate
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reserved
Baht Assets
Trang 20Price Index and Real GDP
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3% of Assets
Trang 22and Stockholders’ Equity to Fall
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Baht Depreciated
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Trang 26Funds Market
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Exchange Market
Trang 28Loanable Funds Market
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reserved
GDP Price Index and Real GDP
Trang 30of the Peso
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Trang 32Peso’s Value
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Trang 34Base and BCRA’s International Reserves
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Assuming High-Mobility International Capital Markets
Trang 36Assuming Low-Mobility International Capital Markets
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Rates and High-Mobility International Capital Markets
Trang 38Rates and Low-Mobility International Capital Markets
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for a Nation with a Fixed Exchange Rate
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reserved
Trang 42Exchange Market to a Foreign Resident
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Balance of Payments When the Counterparty Is a Foreign Resident
Trang 44Foreign Exchange Market
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Balance of Payments When the Counterparty Is an Argentine Resident
Trang 46Argentina’s Balance of Payments