Matakuliah
Tahun
: Keuangan Internasional
: 2009
Exchange Rate Determination
and Forecasting
Pertemuan 10
Soal 1
• Exercise (Question 6)
Does a large increase in the domestic money
supply always lead to a depreciation of the
currency ?
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Jawaban Soal 1
Most theories of the determination of exchange rates
would predict that a large increase in the money supply
would imply a depreciation of the currency, definitely in
the long run, and especially as economists say when
“everything else is equal.” However, it is possible that
the change in the money supply is accompanied by an
increase in real income that increases the demand for
money and thus offsets the money supply’s effect on
the exchange rate.
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Soal 2
•
Exercise (Problem 1)
Suppose the 1 year nominal interest rate in Zooropa is 9
%, and Zooropa’s expected inflation rate is 4 %. What
is the real interest rate in Zooropa ?
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Jawaban Soal 2
The expected real interest rate is approximately 9% - 4%
= 5%.
The correct computation is: (1 + 0.09) / (1 + 0.04) – 1 =
0.0481 or 4.81%.
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Soal 3
• Home Work
Soal 3, merupakan tugas perorangan yaitu setiap
mahasiswa diwajibkan untuk menjawab pertanyaan
(Question dan Problem) yang ada disetiap akhir bagian
masing-masing chapter.
Tugas ini dikumpulkan sebelum perkuliahan pertemuan
berikutnya dimulai.
Mahasiswa menjawab Question 8, 15 dan Problem 3
yang ada di halaman 374 - 375
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