McGraw-Hill/Irwin © 2012 The McGraw-Hill Companies, All Rights Reserved Chapter 20: Government Policies Toward the Foreign Exchange Market.

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McGraw-Hill/Irwin © 2012 The McGraw-Hill Companies, All Rights Reserved Chapter 20: Government Policies Toward the Foreign Exchange Market

Copyright  2012 by The McGraw-Hill Companies, Inc. All rights reserved Figure 20.1 Intervention to Defend a Fixed Rate: Preventing Depreciation of the Country’s Currency

Copyright  2012 by The McGraw-Hill Companies, Inc. All rights reserved Figure 20.2 Official Holdings of Reserve Assets, End of Year, (Billions of U.S. Dollars)

Copyright  2012 by The McGraw-Hill Companies, Inc. All rights reserved Exports Plus Imports as a Percentage of GDP Figure 20.3 Intervention to Defend a Fixed Rate: Preventing Appreciation of the Country’s Currency

Copyright  2012 by The McGraw-Hill Companies, Inc. All rights reserved Figure 2.2 The Market for Motorbikes: Demand and Supply Figure 20.4 A Successful Financing of Temporary Deficits and Surpluses at a Fixed Exchange Rate

Copyright  2012 by The McGraw-Hill Companies, Inc. All rights reserved Figure 20.5 The Best of the Worst: Welfare Losses from Well-Managed Exchange Controls

Copyright  2012 by The McGraw-Hill Companies, Inc. All rights reserved Figure 20.6 Selected Exchange Rates,

Copyright  2012 by The McGraw-Hill Companies, Inc. All rights reserved Figure 20.7 Selected Exchange Rates, 1913, (Monthly)

Copyright  2012 by The McGraw-Hill Companies, Inc. All rights reserved Figure 20.8 Selected Exchange Rates, (Monthly)

Copyright  2012 by The McGraw-Hill Companies, Inc. All rights reserved Figure 20.9 Exchange-Rate Arrangements, May 1, 2010