27:51
Interest rates and exchange rates
By combining the supply and demand of money, this program demonstrates how interest rates are determined. The program also examines flexible and fixed exchange rates and looks at how monetary policy works in large and small economies.
29:01
Stabilization policy for a small open economy
This program analyzes a small, open economy, such as Canada's, where financial markets are integrated with world financial markets. The program shows that the interest rate of a small, open economy is determined by the rest of the world, and looks a...