Chapter 13: Exchange Rates and the Foreign Exchange Market: An Asset Approach

1. Based on the case study, “A Tale of Two Dollars,” explain why errors in the currency market can be more costly to the Toronto Blue Jays baseball team than errors in the field.

2. Explain what a “vehicle currency” is. Why is the U.S. dollar considered a vehicle currency?

3. What are the factors affecting the demand for foreign currency?

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4. What is the interest parity condition?

7. Discusses the effects of a rise in the dollar interest rate on the exchanger rate.

8. Discusses the effects of a rise in the interest rate paid by euro deposits on the exchanger rate.