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ID:12132625
大小:256.00 KB
页数:28页
时间:2018-07-15
《整理版国际金融 英文思考题汇总-yg》由会员上传分享,免费在线阅读,更多相关内容在教育资源-天天文库。
1、国际金融课后思考题汇总10金21.What’sRealEffectiveExchangeRate?Realeffextiveexchangerateisaneffectiveexchangeratebasedonrealexchangeratesasopposedtonominalexchagerates.Ontheonehand,itisakindofeffectiveexchangeratewhichisameasureoftheweighted-averagevalueofacurrencyrelativetoaselectedgroupofcurrencies.Ontheoth
2、erhand,itisbasedonrealenchangeratealthoughcalculatedinmuchthesamewayasanominaleffectiveexchangerate.Incontrasttocalculatingeffectivenominalexchagerates,however,weuserealexchageratesincomputngtherealeffectiveexchangerate.2.TalkaboutthemeasurementofExchangerate change.Ingeneral,therearemainlythree
3、measurementofexchangeratechange.Thefirstisthe"point"ofenchangeratechange.Thesecondisthepercentageofexchangeratechange,whichisthedifferencebetweenthefinalexchangerateandtheinitialexchangerateasapercentageoftheinitialexchangerateduringacertainperiod.Thethirdmeasurementistheexchangerateindex,includ
4、ingthebilateralexchangerateindexandtheeffectiveexchangerareindex.3.TheThreelevel(三个层次)offoreignexchangemarket.①Foreignexchangetransactionbetweenthecentrebankandbank.②Foreignexchangetransactionbetweenbanks③Foreignexchangetransactionbetweenbankandclient.3.71.What'stheforeignexchangearbitrage(套汇)?F
5、oreignexchangearbitrageistheactofbuyingacurrencyatonepriceandimmediatelysellingitatadifferentprice.Spatialarbitragereferstoarbitrageactivitiesthatspanseparatemarkets.Triangulararbitragereferstoarbitrageactivitiesinwhichtheforeignexchangetransactioninvolvesmorethantwocurrencies.2.What'stheinteres
6、tparity?(coveredinterestparity)?weassumethatthereisnotransactioncost,andcapitalcanflowfreely,andcapitalscaleforarbitrageisunlimited.Coveredinterestparityisaconditionthatsaysthatthedifferencebetweentheinterestrateonadomesticfinancialassetandtheinterestrateonaforeignfinancialassetshouldapproximate
7、lyequaltheforwardpremiumordiscount.3.Lookatchapter5,talkaboutinwhatwaysdoesacurrencyfutures(货币期货)contractdifferfromaforwardcurrencycontract?期货与远期合约比较:Futurescontractsspecifystandardizedquantitiesandtermsofexchange.Futurescon
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