代写毕业论文:汇率
代写毕业论文:汇率
这上面方程表明,如果外国实际利率不能大于美国的实际利率,我们应该期待实际汇率的贬值。在这个更高的美国实际利率将抵消预期实际汇率的贬值。和它也使外国实际回报率等于美国真正的回报。因此我们可以说,实际利率的变化对两国的利益直接相关的预期升值或贬值美元。如果有升值美国实际利率将有实际和名义汇率的增加。人们会吸引美国资产如果有增加更高的美国实际利率。吸引力的资产增加了对美元的需求,它会导致实际汇率的增加真正的交流。同时也导致名义汇率的上升。
This above equation shows that if the foreign real rate of interest is not greater than United States rate of real interest, we should expect the depreciation in real exchange rate. In this higher US rate of real interest will be offset by the depreciation of expected real rate of exchange. And it also makes foreign real return equals to the US real return. Hence we can say that the variations in the real rates on interest in the two nations are directly related to the expected appreciation or depreciation of dollar. If there is an appreciation in US real rate of interest there will be an increase in real and nominal exchange rates. People will get attracted to United States’ assets if there is increase in higher U.S. real interest rate. Attractiveness of assets increases the demand for dollar and it causes increase in the real exchange rate of real exchange. And it also leads to the increase in nominal exchange rates.
