1. Chapter 19. Open Economy Macroeconomics Link to syllabus

2. The US Balance of Payments, 2010. Table 19-2, p. 551

3. Big Surpluses. P. 555.

4. Current Account Deficits. Earlier edition. p. 499

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

6. Exchange Rates, Sept. 24, 2011 (Table 19-3, p. 561)

7. Link to x-rate.com Earlier edition. Exchange rates, 2008

8. Newspaper Presentation

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

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

11. The Foreign Exchange Market. Fig. 19-5, p. 562. The market for US Dollars in Europe, for which the price is expressed as €/$. ←Depreciation of $ Appreciation of $→

12. The Foreign Exchange Market. Fig. 19-5, p. 562. The market for US Dollars in Europe, for which the price is expressed as €/$. ←Depreciation of $ Appreciation of $→ (US imports) (US exports)

13. The Foreign Exchange Market. Fig. 19-5, p. 562. 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

14. Increase in Demand for US Dollars in Europe, caused by greater capital flows from Europe → US. Fig 19-6, p. 563

15. Political Impact on X- rates

16. Real vs. Nominal Exchange Rates Peso/US$ 1993-2011. Figure 19-7, p. 565

17. U.S. Net Exports. Fig. 19-9, p. 568

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

19. Exchange Rate Intervention. Fig. 19-10, p. 570 Can’t do this in this course. 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. Fig. 19-11 p. 572 The Road to the Euro

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

23. 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.

24. Purchasing Power Parity, Canada/US. Fig. 19-8, p. 567