Equilibrium in the foreign exchange market implies equilibrium in the balance of payments.
87) The Bretton Woods conference in 1944 established the gold standard, which was abandoned in 1971.
88) Excess supply of dollars in the foreign exchange market represents a balance of payments deficit in the U.S.
89) Starting in 2008 and continuing into 2012, the Japanese yen kept appreciating against the U.S. dollar, hurting Japanese exports to the U.S.
90) Under a fixed exchange rate system, to prevent the depreciation of the dollar as a result of a balance of payments deficit, the Fed will increase the demand for dollars by supplying a foreign currency from its reserve assets.
91) Under a fixed exchange rate system, a central bank's intervention in the foreign exchange market will not affect the domestic money supply.
92) Under a gold standard, a continual balance of surplus in any country can be sustained only as long as the country's gold reserves hold out.
93) A sterilized central bank intervention does not affect the domestic money supply.
94) The weak euro in 1999-2000 put upward pressure on inflation in Europe by increasing the price of imported goods.
95) Multinational companies are concerned about exchange rate risk.
96) In 1997, the Thai government was unable to maintain its exchange rate given the amount of international reserves.
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