Exhibit 5.1 The Determinants of Foreign Exchange Rates

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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


Exhibit 5.5 Argentina’s Economic Performance, 1991–2000


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


Exhibit 5.7 The Collapse of the Argentine Peso


Exhibit 5.8 A Timeline of Events in the Argentine Crisis


Exhibit 5.8 (continued)


Exhibit 5.9 Exchange Rate Forecasting in Practice


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


Exhibit 5.11 Exchange Rate Dynamics: Overshooting


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


Exhibit 2 The Fall of the Turkish Lira

Exhibit 5.1 The Determinants of Foreign Exchange Rates

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