Ⅱ. Exchange rate regime
1. What is the exchange rate?
In finance, the exchange rates between two currencies specifies how much one currency is worth in terms of the other. It is the value of a foreign nation’s currency in terms of the home nation’s currency. For example an exchange rate of 91 Japanese yen (JPY, ¥) to the United States dollar (USD, $) means that 91 yen is worth the
flotation.
AT THE CONSOLE, Miriam uses a pen to hit specific areas of
the touch-sensitive screen, changing the complex CHEMICAL
SYMBOLS displayed there.
IN THE PROCEDURE ROOM, a series of pharmaceuticals are
injected into an intravenous tube feeding the sleeve/arm of
the figure. A featherweight cloth MASK electronically rises,
revealing the sleeping face of Catherine.
AT THE CONSOLE, Miriam hits
01 Introduction – Group History
1949 The Foundation
Adidas was registered as a company named after its founder: 'Adi' from Adolf and 'Das' from Dassler.
50’s~ 60’s Focus on products only for the professional athletes
1995 Adidas goes Public.
Flotation of the company on the Frankfurt and Paris Stock Exchange.
flotation)방법이다. 즉 이 방법에서 석탄 원광을 약 1cm의 크기로 만들어 비중이 1.6인 액체속에 띄우는 방법으로 공기 부상방법을 사용해서 약 30%의 유황을 제거시킨다.
(b)원유에는 상당량의 유황이 포함되어 있다. 유황을 제거하기 위해서는, 유황분이 많은 기름에서 직접 유황을 제거시키거나 혹은 중
basket system ( 1980. 2 ~ 1990. 2 )
Average exchange rate system ( 1990. 3 ~ 1997. 12. 15 )
The freely flotation exchange rate system ( 1997. 12 16 ~ today )
Declare intervening in the local foreign exchange market
lower exchange rate by using foreign exchange reserves
E.R. repeated sudden rise and fall
exchange rate did not be stabilized
foreign exchange reserves decreased