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Real Exchange Rates - An Introduction
Автор: Econbusters
Загружено: 2023-06-16
Просмотров: 2740
Описание:
What are real exchange rates? Well, you can define it in a few different ways:
1. It is the nominal exchange rate adjusted for price level differences between the two countries.
2. Given the nominal exchange rate, it is the rate at which goods and services are exchanged between the two countries (think terms of trade in a comparative advantage problem).
3. It is the rate at which your purchasing power changes as you move through the exchange market and exchange currencies at the nominal rate (My favorite definition).
This video is made for 1st year college students or AP/IB Economics students. It focuses on foundational economic concepts.
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