Asian tigers freely convertible currency economic integration () European Union (EU) external debt ̳ () International Monetary Fund multinational corporation currency exchange rate truly convertible currency flexible exchange rate gold export point law of one price ( ) depreciation depreciation of the gryvnya exchange rate depreciation gold import point managed floating exchange rate rate of exchange net foreign investment hard currency | new world compact - () Organization of Petroleum Exporting Countries (OPEC) ϳ () North American Free Trade Agreement (NAFTA) international balance of payment () World Trade Organization (WTO) purchasing power parity exchange rate overshooting exchange rate appreciation ( ) appreciation appreciation of the gryvnya real exchange rate ( ) revaluation ( ) managed float regime (dirty float) reserve assets (official reserves) foreign exchange market joint floating fixed exchange rate |
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13. What is the foreign exchange and the foreign exchange rate? Who are the demanders and suppliers of a particular foreign exchange, say, the Ukrainian hryvnja?
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14. What types of events cause the exchange rate for a foreign currency to appreciate or to depreciate?
15. If someone argues that a strong hryvnya is,,good for Ukraine because Ukrainians are able to exchange some of their GDP for a greater amount of foreign GDP, is it true that a strong hryvnya is good for every Ukrainian? Why?
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6. Floating exchange rates:
) tend to correct payments imbalances;
b) reduce the uncertainties and risks associated with international trade;
c) tend to expand the volume of world trade;
d)increase the worlds need for international monetary reserves;
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ϳ 29.06.2010. 60 84/16.
. 1. Times New Roman. .
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