[영문] 유로화와 지속적인 가치 절하에 대한 고찰

소개글

아이비리그 대학교에서 A를 받은 리포트로, 최근 유로화 사태로부터 일어난 유로화와 지속적인 가치 절하에 대해 기술한 리포트입니다.

목차

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본문내용

As a student studying abroad, the currency exchange rate is probably the most palpable measure of the economy to me. When the subprime mortgage crisis hit South Korea in 2008, a substantial amount of foreign direct investment ebbed away from the Korean stock market as people moved on to more stable assets such as gold. Consequently, the exchange rate for the Korean won (KRW) to the U.S. dollar (USD), which was 930 KRW = 1 USD on October 1, 2007, skyrocketed to 1545 KRW = 1 USD on March 11, 2009, suddenly making everything that Korean students purchased in the United States 50% more expensive, including tuition. Along with many well-known equity indices such as the NASDAQ, currency exchange rates are very sensitive to the market’s financial variability and a good indicator of the economy’s “health.”

참고 자료

European Central Bank (ECB). "Economic and Monetary Developments." Monthly Bulletin December 2011. Dec 2011. Print.
Ewing, Jack. "Cuts to Debt Rating Stir Anxiety in Europe." New York Times 27 Apr 2010. Print.
Mankiw, N. Gregory. Macroeconomics. Worth Pub, 2012.
Standard and Poor's, . "The Time Dimension Of Standard & Poor’s Credit Ratings." Global Credit Portal. 21 Nov 2011: n. page. Print.