Beruflich Dokumente
Kultur Dokumente
FACULTY OF ECONOMICS
International
CONTENTS
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UNIVERSITY OF LJUBLJANA
FACULTY OF ECONOMICS
International
CONTENTS
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UNIVERSITY OF LJUBLJANA
FACULTY OF ECONOMICS
sp *
St
p
Points in
Time
Nominal
Bilateral
Exchange
Rate
Nominal
Bilateral
Exchange
Rate Index
Price
Index in
Slovenia
(1=100)
Price Index
in Germany
(1=100)
Real Bilateral
Exchange Rate
Index (1=100)
100
100
100
100
100
100
100
100
100
83
120
120
120
120
120
90
90
130
117
81
75
75
150
125
63
International
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UNIVERSITY OF LJUBLJANA
FACULTY OF ECONOMICS
Nominal Bilateral
Exchange Rate Index
SIT/DEM (1=100) (1)
Nominal Bilateral
Exchange Rate Index
SIT/ITL (1=100) (2)
Nominal Effective
Exchange Rate Index SIT
(1=100) (3)
100
100
100
100
90
97
120
90
111
90
80
87
75
85
78
International
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UNIVERSITY OF LJUBLJANA
FACULTY OF ECONOMICS
Rp *
Rt
p
END
UNIVERSITY OF LJUBLJANA
FACULTY OF ECONOMICS
International
CONTENTS
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UNIVERSITY OF LJUBLJANA
FACULTY OF ECONOMICS
International
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UNIVERSITY OF LJUBLJANA
FACULTY OF ECONOMICS
ceteris paribus
Expectations
Other factors (political and psychological factors)
International
CONTENTS
relative
changes!
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UNIVERSITY OF LJUBLJANA
FACULTY OF ECONOMICS
CONTENTS
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UNIVERSITY OF LJUBLJANA
FACULTY OF ECONOMICS
International
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UNIVERSITY OF LJUBLJANA
FACULTY OF ECONOMICS
International
CONTENTS
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UNIVERSITY OF LJUBLJANA
FACULTY OF ECONOMICS
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UNIVERSITY OF LJUBLJANA
FACULTY OF ECONOMICS
sterilized interventions:
CB intervenes on the foreign exchange market in such a way that the
intervention in combination with economic policy measures does not cause (it
sterilizes) changes in the quantity of money in obtoku
the size of the intervention to prevent the depreciation of the domestic currency
is bounded by the foreign reserves availability
the size of the intervention to prevent the apreciation of the domestci currency
is bounded by the size of the stock obsegom izdaje vrednostnih papirjev, ki ne
povzroi znatnega povianja obrestnih mer
International
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UNIVERSITY OF LJUBLJANA
FACULTY OF ECONOMICS
fiscal policy:
changes in the level of government spending and the taxation of the residents,
as well as the size of the government suficit/deficit
restrictive fiscal policy causes depreciation of the domestic currency
expansive fiscal policy causes apreciation of the domestic currency
International
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UNIVERSITY OF LJUBLJANA
FACULTY OF ECONOMICS
International
CONTENTS
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UNIVERSITY OF LJUBLJANA
FACULTY OF ECONOMICS
International
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UNIVERSITY OF LJUBLJANA
FACULTY OF ECONOMICS
International
CONTENTS
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UNIVERSITY OF LJUBLJANA
FACULTY OF ECONOMICS
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UNIVERSITY OF LJUBLJANA
FACULTY OF ECONOMICS
International
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UNIVERSITY OF LJUBLJANA
FACULTY OF ECONOMICS
International
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UNIVERSITY OF LJUBLJANA
FACULTY OF ECONOMICS
International
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UNIVERSITY OF LJUBLJANA
FACULTY OF ECONOMICS
International
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UNIVERSITY OF LJUBLJANA
FACULTY OF ECONOMICS
2,02
Par
value
2,00
Band
1,98
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Month
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UNIVERSITY OF LJUBLJANA
FACULTY OF ECONOMICS
2,12
Band
Devaluation
Revaluation
1,88
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Band
END
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Month
UNIVERSITY OF LJUBLJANA
FACULTY OF ECONOMICS
International
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UNIVERSITY OF LJUBLJANA
FACULTY OF ECONOMICS
floating arrangements:
CB intervenes discretionary which gives it more flexibility in
leading the monetary policy
International
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UNIVERSITY OF LJUBLJANA
FACULTY OF ECONOMICS
International
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UNIVERSITY OF LJUBLJANA
FACULTY OF ECONOMICS
the eighties
large oscillations in the movement
of the exchange rates of the
currencies of the economically
most important countries in the
world
large increase in the rates of
inflation in most developing
countries
decline in the economic growth of
industrialized countries in the first
half of the decade, deterioration in
terms of trade for developing
countries and the effects of the
debt crisis
International
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UNIVERSITY OF LJUBLJANA
FACULTY OF ECONOMICS
International
CONTENTS
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UNIVERSITY OF LJUBLJANA
FACULTY OF ECONOMICS
International
CONTENTS
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