|
_SLIDE_1_
Final Group Project
The issues on fixed exchange rate system of China
- Why U.S. wants china to revaluate CNY? -
_SLIDE_2_
�뀪. Introduction
�뀫. Overview of current situation
�뀬. Economic analysis of the case
�뀭. Conclusion
Content
_SLIDE_3_
Part 1 ::
Introduction
01 Brief summary of the article
02 The reason why we choose our topic
_SLIDE_4_
What is our topic?
US government argues that China should appreciate its currency, but China sticks to fixed exchange rate system since global financial crisis.
I think that China is manipulating its currency���
��쏞hina would keep the CNY stable at an appropriate and balanced level, rather than flexible.��� (On March 4, 2009)
_SLIDE_5_
Brief summary of the case
Source : ��쏡etroit Rules, OK?��� Economist, March 30, 2000
He argues that international trade imbalances is getting worse���(�깮�왂)
�몺 free capital mobility
�몼 fixed exchange rate system
|
erview of current situation
01 Background information
02 Current situation
_SLIDE_9_
Background Information
How does China fix the exchange rate?
But, free capital mobility is NOT applied to China!
Central
Bank
Market
CNY
U.S. $
(1 + r) = (1+r*)
r* = foreign country��셲 rate
e = future spot rate
= expected future spot rate
Precondition :
�몺 free capital mobility
�몼 fixed exchange rate system
Monetary policy is possible.
Interest parity condition
[Largest U.S. $ holding country ]
_SLIDE_10_
Absolute P.P.P
Relative P.P.P
[CNY P = $P? R]
[R = CNY P/ $P]
Equilibrium exchange rates are equal to the ratio of price levels in the two nations.
Change in the exchange rate is equal to the difference in the change in the price levels.
Current situation
How much is CNY devaluated? - PPP theory.
What is Purchasing Power Parity theory?
The law of one price : in the absence of barrier to trade the p
![[以묎뎅�쓽 怨좎젙 �솚�쑉�젣 �쁺臾�] fixed exchange rate system of China-Why U.S. wants china to revaluate CNY (1 페이지)](/View/3000�썝][以묎뎅�쓽 怨좎젙 �솚�쑉�젣 �쁺臾�] fixed exchange rate system of China-Why U.S. wants china to revaluate CNY_pptx_01_.gif "[以묎뎅�쓽 怨좎젙 �솚�쑉�젣 �쁺臾�] fixed exchange rate system of China-Why U.S. wants china to revaluate CNY (1 페이지)")
![[以묎뎅�쓽 怨좎젙 �솚�쑉�젣 �쁺臾�] fixed exchange rate system of China-Why U.S. wants china to revaluate CNY (2 페이지)](/View/3000�썝][以묎뎅�쓽 怨좎젙 �솚�쑉�젣 �쁺臾�] fixed exchange rate system of China-Why U.S. wants china to revaluate CNY_pptx_02_.gif "[以묎뎅�쓽 怨좎젙 �솚�쑉�젣 �쁺臾�] fixed exchange rate system of China-Why U.S. wants china to revaluate CNY (2 페이지)")
![[以묎뎅�쓽 怨좎젙 �솚�쑉�젣 �쁺臾�] fixed exchange rate system of China-Why U.S. wants china to revaluate CNY (3 페이지)](/View/3000�썝][以묎뎅�쓽 怨좎젙 �솚�쑉�젣 �쁺臾�] fixed exchange rate system of China-Why U.S. wants china to revaluate CNY_pptx_03_.gif "[以묎뎅�쓽 怨좎젙 �솚�쑉�젣 �쁺臾�] fixed exchange rate system of China-Why U.S. wants china to revaluate CNY (3 페이지)")
![[以묎뎅�쓽 怨좎젙 �솚�쑉�젣 �쁺臾�] fixed exchange rate system of China-Why U.S. wants china to revaluate CNY (4 페이지)](/View/3000�썝][以묎뎅�쓽 怨좎젙 �솚�쑉�젣 �쁺臾�] fixed exchange rate system of China-Why U.S. wants china to revaluate CNY_pptx_04_.gif "[以묎뎅�쓽 怨좎젙 �솚�쑉�젣 �쁺臾�] fixed exchange rate system of China-Why U.S. wants china to revaluate CNY (4 페이지)")
![[以묎뎅�쓽 怨좎젙 �솚�쑉�젣 �쁺臾�] fixed exchange rate system of China-Why U.S. wants china to revaluate CNY (5 페이지)](/View/3000�썝][以묎뎅�쓽 怨좎젙 �솚�쑉�젣 �쁺臾�] fixed exchange rate system of China-Why U.S. wants china to revaluate CNY_pptx_05_.gif "[以묎뎅�쓽 怨좎젙 �솚�쑉�젣 �쁺臾�] fixed exchange rate system of China-Why U.S. wants china to revaluate CNY (5 페이지)")
![[以묎뎅�쓽 怨좎젙 �솚�쑉�젣 �쁺臾�] fixed exchange rate system of China-Why U.S. wants china to revaluate CNY (6 페이지)](/View/3000�썝][以묎뎅�쓽 怨좎젙 �솚�쑉�젣 �쁺臾�] fixed exchange rate system of China-Why U.S. wants china to revaluate CNY_pptx_06_.gif "[以묎뎅�쓽 怨좎젙 �솚�쑉�젣 �쁺臾�] fixed exchange rate system of China-Why U.S. wants china to revaluate CNY (6 페이지)")
![[以묎뎅�쓽 怨좎젙 �솚�쑉�젣 �쁺臾�] fixed exchange rate system of China-Why U.S. wants china to revaluate CNY (7 페이지)](/View/3000�썝][以묎뎅�쓽 怨좎젙 �솚�쑉�젣 �쁺臾�] fixed exchange rate system of China-Why U.S. wants china to revaluate CNY_pptx_07_.gif "[以묎뎅�쓽 怨좎젙 �솚�쑉�젣 �쁺臾�] fixed exchange rate system of China-Why U.S. wants china to revaluate CNY (7 페이지)")
![[以묎뎅�쓽 怨좎젙 �솚�쑉�젣 �쁺臾�] fixed exchange rate system of China-Why U.S. wants china to revaluate CNY (8 페이지)](/View/3000�썝][以묎뎅�쓽 怨좎젙 �솚�쑉�젣 �쁺臾�] fixed exchange rate system of China-Why U.S. wants china to revaluate CNY_pptx_08_.gif "[以묎뎅�쓽 怨좎젙 �솚�쑉�젣 �쁺臾�] fixed exchange rate system of China-Why U.S. wants china to revaluate CNY (8 페이지)")
![[以묎뎅�쓽 怨좎젙 �솚�쑉�젣 �쁺臾�] fixed exchange rate system of China-Why U.S. wants china to revaluate CNY (9 페이지)](/View/3000�썝][以묎뎅�쓽 怨좎젙 �솚�쑉�젣 �쁺臾�] fixed exchange rate system of China-Why U.S. wants china to revaluate CNY_pptx_09_.gif "[以묎뎅�쓽 怨좎젙 �솚�쑉�젣 �쁺臾�] fixed exchange rate system of China-Why U.S. wants china to revaluate CNY (9 페이지)")
![[以묎뎅�쓽 怨좎젙 �솚�쑉�젣 �쁺臾�] fixed exchange rate system of China-Why U.S. wants china to revaluate CNY (10 페이지)](/View/3000�썝][以묎뎅�쓽 怨좎젙 �솚�쑉�젣 �쁺臾�] fixed exchange rate system of China-Why U.S. wants china to revaluate CNY_pptx_10_.gif "[以묎뎅�쓽 怨좎젙 �솚�쑉�젣 �쁺臾�] fixed exchange rate system of China-Why U.S. wants china to revaluate CNY (10 페이지)")
![[以묎뎅�쓽 怨좎젙 �솚�쑉�젣 �쁺臾�] fixed exchange rate system of China-Why U.S. wants china to revaluate CNY (11 페이지)](/View/3000�썝][以묎뎅�쓽 怨좎젙 �솚�쑉�젣 �쁺臾�] fixed exchange rate system of China-Why U.S. wants china to revaluate CNY_pptx_11_.gif "[以묎뎅�쓽 怨좎젙 �솚�쑉�젣 �쁺臾�] fixed exchange rate system of China-Why U.S. wants china to revaluate CNY (11 페이지)")
![[以묎뎅�쓽 怨좎젙 �솚�쑉�젣 �쁺臾�] fixed exchange rate system of China-Why U.S. wants china to revaluate CNY (12 페이지)](/View/3000�썝][以묎뎅�쓽 怨좎젙 �솚�쑉�젣 �쁺臾�] fixed exchange rate system of China-Why U.S. wants china to revaluate CNY_pptx_12_.gif "[以묎뎅�쓽 怨좎젙 �솚�쑉�젣 �쁺臾�] fixed exchange rate system of China-Why U.S. wants china to revaluate CNY (12 페이지)")
![[以묎뎅�쓽 怨좎젙 �솚�쑉�젣 �쁺臾�] fixed exchange rate system of China-Why U.S. wants china to revaluate CNY (13 페이지)](/View/3000�썝][以묎뎅�쓽 怨좎젙 �솚�쑉�젣 �쁺臾�] fixed exchange rate system of China-Why U.S. wants china to revaluate CNY_pptx_13_.gif "[以묎뎅�쓽 怨좎젙 �솚�쑉�젣 �쁺臾�] fixed exchange rate system of China-Why U.S. wants china to revaluate CNY (13 페이지)")
![[以묎뎅�쓽 怨좎젙 �솚�쑉�젣 �쁺臾�] fixed exchange rate system of China-Why U.S. wants china to revaluate CNY (14 페이지)](/View/3000�썝][以묎뎅�쓽 怨좎젙 �솚�쑉�젣 �쁺臾�] fixed exchange rate system of China-Why U.S. wants china to revaluate CNY_pptx_14_.gif "[以묎뎅�쓽 怨좎젙 �솚�쑉�젣 �쁺臾�] fixed exchange rate system of China-Why U.S. wants china to revaluate CNY (14 페이지)")
![[以묎뎅�쓽 怨좎젙 �솚�쑉�젣 �쁺臾�] fixed exchange rate system of China-Why U.S. wants china to revaluate CNY (15 페이지)](/View/3000�썝][以묎뎅�쓽 怨좎젙 �솚�쑉�젣 �쁺臾�] fixed exchange rate system of China-Why U.S. wants china to revaluate CNY_pptx_15_.gif "[以묎뎅�쓽 怨좎젙 �솚�쑉�젣 �쁺臾�] fixed exchange rate system of China-Why U.S. wants china to revaluate CNY (15 페이지)")
![[以묎뎅�쓽 怨좎젙 �솚�쑉�젣 �쁺臾�] fixed exchange rate system of China-Why U.S. wants china to revaluate CNY (1 페이지)](/View/3000�썝][以묎뎅�쓽 怨좎젙 �솚�쑉�젣 �쁺臾�] fixed exchange rate system of China-Why U.S. wants china to revaluate CNY_pptx_01.gif "[以묎뎅�쓽 怨좎젙 �솚�쑉�젣 �쁺臾�] fixed exchange rate system of China-Why U.S. wants china to revaluate CNY (1 페이지)")
![[以묎뎅�쓽 怨좎젙 �솚�쑉�젣 �쁺臾�] fixed exchange rate system of China-Why U.S. wants china to revaluate CNY (2 페이지)](/View/3000�썝][以묎뎅�쓽 怨좎젙 �솚�쑉�젣 �쁺臾�] fixed exchange rate system of China-Why U.S. wants china to revaluate CNY_pptx_02.gif "[以묎뎅�쓽 怨좎젙 �솚�쑉�젣 �쁺臾�] fixed exchange rate system of China-Why U.S. wants china to revaluate CNY (2 페이지)")
![[以묎뎅�쓽 怨좎젙 �솚�쑉�젣 �쁺臾�] fixed exchange rate system of China-Why U.S. wants china to revaluate CNY (3 페이지)](/View/3000�썝][以묎뎅�쓽 怨좎젙 �솚�쑉�젣 �쁺臾�] fixed exchange rate system of China-Why U.S. wants china to revaluate CNY_pptx_03.gif "[以묎뎅�쓽 怨좎젙 �솚�쑉�젣 �쁺臾�] fixed exchange rate system of China-Why U.S. wants china to revaluate CNY (3 페이지)")
![[以묎뎅�쓽 怨좎젙 �솚�쑉�젣 �쁺臾�] fixed exchange rate system of China-Why U.S. wants china to revaluate CNY (4 페이지)](/View/3000�썝][以묎뎅�쓽 怨좎젙 �솚�쑉�젣 �쁺臾�] fixed exchange rate system of China-Why U.S. wants china to revaluate CNY_pptx_04.gif "[以묎뎅�쓽 怨좎젙 �솚�쑉�젣 �쁺臾�] fixed exchange rate system of China-Why U.S. wants china to revaluate CNY (4 페이지)")
![[以묎뎅�쓽 怨좎젙 �솚�쑉�젣 �쁺臾�] fixed exchange rate system of China-Why U.S. wants china to revaluate CNY (5 페이지)](/View/3000�썝][以묎뎅�쓽 怨좎젙 �솚�쑉�젣 �쁺臾�] fixed exchange rate system of China-Why U.S. wants china to revaluate CNY_pptx_05.gif "[以묎뎅�쓽 怨좎젙 �솚�쑉�젣 �쁺臾�] fixed exchange rate system of China-Why U.S. wants china to revaluate CNY (5 페이지)")
![[以묎뎅�쓽 怨좎젙 �솚�쑉�젣 �쁺臾�] fixed exchange rate system of China-Why U.S. wants china to revaluate CNY (6 페이지)](/View/3000�썝][以묎뎅�쓽 怨좎젙 �솚�쑉�젣 �쁺臾�] fixed exchange rate system of China-Why U.S. wants china to revaluate CNY_pptx_06.gif "[以묎뎅�쓽 怨좎젙 �솚�쑉�젣 �쁺臾�] fixed exchange rate system of China-Why U.S. wants china to revaluate CNY (6 페이지)")
![[以묎뎅�쓽 怨좎젙 �솚�쑉�젣 �쁺臾�] fixed exchange rate system of China-Why U.S. wants china to revaluate CNY (7 페이지)](/View/3000�썝][以묎뎅�쓽 怨좎젙 �솚�쑉�젣 �쁺臾�] fixed exchange rate system of China-Why U.S. wants china to revaluate CNY_pptx_07.gif "[以묎뎅�쓽 怨좎젙 �솚�쑉�젣 �쁺臾�] fixed exchange rate system of China-Why U.S. wants china to revaluate CNY (7 페이지)")
![[以묎뎅�쓽 怨좎젙 �솚�쑉�젣 �쁺臾�] fixed exchange rate system of China-Why U.S. wants china to revaluate CNY (8 페이지)](/View/3000�썝][以묎뎅�쓽 怨좎젙 �솚�쑉�젣 �쁺臾�] fixed exchange rate system of China-Why U.S. wants china to revaluate CNY_pptx_08.gif "[以묎뎅�쓽 怨좎젙 �솚�쑉�젣 �쁺臾�] fixed exchange rate system of China-Why U.S. wants china to revaluate CNY (8 페이지)")
![[以묎뎅�쓽 怨좎젙 �솚�쑉�젣 �쁺臾�] fixed exchange rate system of China-Why U.S. wants china to revaluate CNY (9 페이지)](/View/3000�썝][以묎뎅�쓽 怨좎젙 �솚�쑉�젣 �쁺臾�] fixed exchange rate system of China-Why U.S. wants china to revaluate CNY_pptx_09.gif "[以묎뎅�쓽 怨좎젙 �솚�쑉�젣 �쁺臾�] fixed exchange rate system of China-Why U.S. wants china to revaluate CNY (9 페이지)")
![[以묎뎅�쓽 怨좎젙 �솚�쑉�젣 �쁺臾�] fixed exchange rate system of China-Why U.S. wants china to revaluate CNY (10 페이지)](/View/3000�썝][以묎뎅�쓽 怨좎젙 �솚�쑉�젣 �쁺臾�] fixed exchange rate system of China-Why U.S. wants china to revaluate CNY_pptx_10.gif "[以묎뎅�쓽 怨좎젙 �솚�쑉�젣 �쁺臾�] fixed exchange rate system of China-Why U.S. wants china to revaluate CNY (10 페이지)")
인 쇄
바로가기
3000�썝][以묎뎅�쓽 怨좎젙 �솚�쑉�젣 �쁺臾�] fixed exchange rate system of China-Why U.S. wants china to revaluate CNY.pptx
[Size :
2 Mbyte
]
장바구니
