Money and Banking: Foreign Exchange

Overview/Description
To explain short-run and long-run exchange rates and to discuss changes in exchange rates

Target Audience
Business students and employees seeking a broad understanding of the development and operation of American financial institutions

Prerequisites
An understanding of basic economics

Expected Duration
3:00 Hours

Objectives:

Money and Banking: Foreign Exchange

  • To introduce the foreign currency exchange market and factors that affect exchange rates in the long run
  • To introduce short-run exchange rate determination models
  • To model the short-run behavior of exchange rates using the uncovered interest parity (UIP) condition


    • Course Number: KMB23SE