equilibrium.
If joint internal and external equilibrium does not exist,
then either:
• The currency must appreciate or depreciate, or
• The central bank must intervene to stabilize the currency
• Downvaluation
-> Exchange rate increase
• IS curve will shift right.
• Buys excess foreign currency.
and Sells domestic currency.
M1, M2가 미리 결정되고(지난 기간의 선택으로)
y1은 그의 산출물이고,
그는 p1의 가격으로 화폐 1를 판매하고
t1과 t2는 추정지표로 인한 자산실현을
화폐1에 대한 지불금은 개인 1에게, 화폐2에 대한 지불금은 개인 2에게 옮긴다.
방정식 (3a)는 예산선, (3b)와 (3c)는 거래기술로 추정되는 유동성 예산선
Determination of Won/USD Exchange Rate With Respect to Global Oil Price Change
To see the relationship between exchange rate and oil price, we use econometrical methodology, multiple regression. Our regression model is this:
s_t=β_1+β_2 (m_t-m_t^* )+β_3 (y_t-y_t^* )+β_4 〖lroil〗_t+u_t
*Explanation about explanatory variable
s_t : Nominal exchange rate (USD/Won)
m_t-m_t^*
Korean economy is highly dependent on export and
it occupies more
60 percent on Korea’s GDP
▪ Finance product
▪ Contract between a bank and a company
▪ Derivative to avoid certain danger of
change under floating exchange rate system
The government has decided to link
the value to another currency or
to some valuable commodity like gold
Do not ch
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
Class Object!
Understand and be able to explain the concept of exchange rates as they are used in international trade
Be able to predict and take advantage of the relationship between the balance of payments and the exchange rates.
Reasons of altered Exchange Rate
Why Exchange Rate altered ?
→ To exchange Korean money with other nation’s money means that we are buying othe
금지하는 법령이다
60. Clean float : A floating exchange rate system in which there is absolutely no intervention by governments.
정부로 부터의 전도가 없는 평평한 환율 체계
61. Closed shop : A firm where workers are forced to become union members as a condition of employment.
고용의 조건으로 노동자가 조합의 일원이 되도록 강요받는 회사.
1. 서 론
1.1 Gas Chromatography
혼합물의 분리 방법인 Chromatography의 일종으로, mobile phase로 gas를 이용한다.
1.1.1 Overall Instrumentation
Fig.1. Overall instrumentation of GC
Carrier gas가 flow rate controller를 거쳐 주입된 sample과 column에서 만나고, 이것이 detector로 이동한다.
1.1.2 Carrier gas
GC에서 mobile phase로 이용되는 gas로
period is to introduce the free market system and to allow its economy to be operated by the market forces. In addition, China has been promoting foreign investments in China and international trade with other countries. As a result of innovative changes in its system, Chinese economy has rapidly grown over the past several decades, and it has become the most important issue in global business.