4.6+Exchange+Rates

= 4.6 Exchange Rates =


 * ===**__ Fixed exchange rates __**===


 * ===**__ Managed exchange rates __**===
 * ===**__ Distinction between: __**===
 * Depreciation and devaluation
 * Appreciation and revaluation
 * ===**__ Effects on exchange rates of __**===
 * Trade flow
 * Capital flows / interest rate changes
 * Inflation
 * Speculation
 * Use of foreign currency reserves
 * ===**__ Relative advantages and disadvantages of fixed and floating rates __**===
 * ===**__ Advantages and disadvantages of single currencies / monetary integration __**===
 * ===**__ Purchasing power parity (PPP) __**===