1. Chapter 18. Open Economy Macroeconomics Link to syllabus

2. The US Balance of Payments, 2007. Table 18-2, p. 495

3. Current Account Deficits. p. 499

4. Egypt’s Balance of Payments, 1991-1998 Source: WTO Trade Policy Review, Egypt, 1999

5. International Capital Flows. Fig. 18-4, p. 501

6. Link to x-rate.com Table 18.3 p. 505 Exchange rates, 2008

7. Newspaper Presentation

8. EYE ON THE GLOBAL ECONOMY Back to list P. 497 Bade/Parkin The Sliding Euro

9. Back to list P. 485 Bade/Parkin The Dollar and the Yen Since 1980

10. The Foreign Exchange Market. Fig. 18-5, p. 506. The market for US Dollars in Europe, for which the price is expressed as €/$. ←Depreciation of $ Appreciation of $→

11. The Foreign Exchange Market. Fig. 18-5, p. 506. The market for US Dollars in Europe, for which the price is expressed as €/$. ←Depreciation of $ Appreciation of $→ (US imports) (US exports)

12. The Foreign Exchange Market. Fig. 18-5, p. 506. The market for US Dollars in Europe, for which the price is expressed as €/$. ←Depreciation of $ Appreciation of $→ US imports & capital flows, US → Europe US exports & capital flows, Europe → US

13. Increase in Demand for US Dollars in Europe, caused by greater capital flows from Europe → US. Fig 18-6, p. 507

14. Political Impact on X- rates

15. Britain’s new economic policy, Tax and Axe: NYT June 23, 2010

16. Real vs. Nominal Exchange Rates Peso/US$ 1990-2007. Figure 18-7, p. 509

17. Purchasing Power Parity, Canada/US. Fig. 18-8, p. 511

18. US Net Exports, 1947-2008. Fig. 18-9, p. 512

19. Exchange Rate Intervention. Fig. 18-10, p. 514 Balance of payments deficit: Balance of payments surplus oversupply of domestic currency in international markets. S reflects Genovian imports, D is Genovian exports, and Exports – Imports < 0.

20. Monetary Policy and the Exchange Rate. Fig. 18-12, p. 519 Note that the exchange rate is now Geno/$, in contrast to Fig. 18-5.

21. Fig. 18-11 p. 516 The Road to the Euro