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
Chinese economy and currency regime
Chinese economy had been controlled by the central government under the planned economy regime until 1979 (Morrison, 2007). In other words, most economic conditions used to be decided by the state in accordance with its policy, not by the market forces. From 1979, however, China has been experiencing huge innovation in its economic system until the present tim
Corruption is an important negative factor in economic development in many states. Corruption centers on the government as the central actor in economic development, especially in its international aspects. Through foreign policy, the government mediates the national economy’s relationship to the world economy.
Corruption is by no means limited to the global South. Bur for several reasons, c
homosexuality runs in families
concordance for homosexuality is more common among monozygotic twins than among dizygotic twins or natural siblings
a possible gene for homosexuality on the X chromosome.
In two excellent twin studies homosexual orientation compared with 16% to 22% of dizygotic twins.
Approximately the same or a slightly lower percentage of non twin brothers or sisters were h
DEFINITION
A system that is in a middle of fixed and flexible. It limited the range of exchange rate fluctuation about certain currency within certain range(1~2.25%).
The fixed exchange rate system ( 1945. 10 ~ 1964. 5 )
The unitary fluctuation foreign exchange system ( 1964. 5 ~ 1980. 2 )
The multicurrency basket system ( 1980. 2 ~ 1990. 2 )
Average exchange rate system ( 1990. 3 ~