2. Policy Analysis with Partial Capital Mobility
• Expansionary fiscal policy, fixed exchange rates
IS curve shifts right, Y and R increase.
Higher R increases foreign capital inflow.
• Creates BP surplus and upward pressure on currency.
Central bank intervenes in the foreign exchange market.
• Buys excess foreign currency.
Incr
The currency used as
a reference in an international transaction
The currency used when setting exchange rate
The international pricing currency for products
traded on a global market
The key currency is usually issued by a stable,
developed country such as the United States.
Yale University Economist Robert Triffin
first stated the word “Key Currency”.
He think of the US
and dignity.
Embrace diversity as an essential component in the way we do business.
Apply the highest standards of excellence to the purchasing, roasting, and fresh delivery of our coffee.
Develop enthusiastically satisfied customers all of the time.
Contribute positively to our communities and our environment.
Recognize that profitability is essential to our future success.
Tibet is ...
Nickname – Roofof the World
Capital - Lhasa, the "Holy City"
Population - 3 millions (as of 2011)
First People - Tibetans
Ethnic Composition – 92.8% Tibetan, 6.1% Han, 0.3% Hui, 0.5% others.
Religions - Tibetan Buddhism, Animism
Official Languages – Mandarin, Tibetan
Currency - ¥ RMB (Renminbi, Chinese Yuan)
Weather – Extremely dry except during
시작!
Q2. 농경제학을 공부하는 학생으로써 메이저 농업 기업 하나
정도는 철저하게 파악할 수 있어야 된다고 생각
A. Q1 + Q2 = Cargill Company
History of Cargill _ 19c 말 ~ 20c 초
1865년 W.W.Cargill이 Iowa에서 사업 시작 → 위스콘신과 미네소타 지역의 철로를 따라 대형 곡물창고를 건설하며 사업 확장