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Exhibit 5.1 The Determinants of Foreign Exchange Rates

Exhibit 5.1 The Determinants of Foreign Exchange Rates. Exhibit 5.2 The Economies and Currencies of Asia, July–November 1997. Exhibit 5.3 Comparative Daily Exchange Rates: Relative to U.S. Dollar. Exhibit 5.4 Daily Exchange Rates: Russian Rubles per U.S. Dollar.

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Exhibit 5.1 The Determinants of Foreign Exchange Rates

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  1. Exhibit 5.1 The Determinants of Foreign Exchange Rates

  2. Exhibit 5.2 The Economies and Currencies of Asia, July–November 1997

  3. Exhibit 5.3 Comparative Daily Exchange Rates: Relative to U.S. Dollar

  4. Exhibit 5.4 Daily Exchange Rates: Russian Rubles per U.S. Dollar

  5. Exhibit 5.5 Argentina’s Economic Performance, 1991–2000

  6. Exhibit 5.6 Argentina’s Debt and Key Balances, 1991–2000

  7. Exhibit 5.7 The Collapse of the Argentine Peso

  8. Exhibit 5.8 A Timeline of Events in the Argentine Crisis

  9. Exhibit 5.8 (continued)

  10. Exhibit 5.9 Exchange Rate Forecasting in Practice

  11. Exhibit 5.10 Differentiating Short-Term Noise from Long-Term Trends

  12. Exhibit 5.11 Exchange Rate Dynamics: Overshooting

  13. Exhibit 1 The Turkish Inflation Rate and Exchange Rate (quarterly)

  14. Exhibit 2 The Fall of the Turkish Lira

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