The aim of this diploma thesis is to verify the relationship between balance of payments and exchange rate in selected economies. The analysis uses two economies with fixed exchange rate system and two flexible exchange rate system. First chapters define the theory of basic terms used in the thesis, in particular the individual balances of the balance of payments, exchange rate systems and exchange rates. The analytical part of this work describes the development of the balance of payments and t... show full abstractThe aim of this diploma thesis is to verify the relationship between balance of payments and exchange rate in selected economies. The analysis uses two economies with fixed exchange rate system and two flexible exchange rate system. First chapters define the theory of basic terms used in the thesis, in particular the individual balances of the balance of payments, exchange rate systems and exchange rates. The analytical part of this work describes the development of the balance of payments and the net investment position of selected economies. The following chapter explains the development of exchange rates of selected currencies vs. euro and vs. U.S. dollar. The last chapter examines through the regression analysis the bilateral relations between balance of payments and exchange rate system with regard to the exchange rate in the selected economy. |