Chapter 19 :

1. Chapter 19: What Determines Exchange Rates?

2. Figure 19.1 Selected Exchange Rates, 1970-2011 (Monthly)

3. Figure 19.1 Selected Exchange Rates, 1970-2011 (Monthly)

4. Exports Plus Imports as a Percentage of GDP Figure 19.2 Determinants of the Exchange Rate in the Short Run

5. National Income per Capita, 2009, Relative to the United States = 100 Figure 2.2 The Market for Motorbikes: Demand and Supply

6. Figure 19.3 Relative Purchasing Power Parity: Inflation Rate Differences and Exchange-Rate Changes, 1975-2009

7. Figure 19.3 Relative Purchasing Power Parity: Inflation Rate Differences and Exchange-Rate Changes, 1975-2009

8. Figure 19.4 Actual Exchange Rates Consistent with Relative PPP, Monthly, 1975-2011

9. Figure 19.4 Actual Exchange Rates Consistent with Relative PPP, Monthly, 1975-2011

10. Figure 19.5 Overview of Key Elements, Exchange-Rate Overshooting

11. Figure 19.6 Exchange-Rate Path, Exchange-Rate Overshooting

12. Nominal and Real Effective Exchange-Rate Values for the U.S. Dollar, 1975-2011