资源描述：
《国际金融英文版课后答案.doc》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、InternationalFinance国际金融Notestotheanswers:1、Allthetermscanbefoundinthetext.2、Thediscussionscanbeattainedbyreadingtheoriginaltext.Chapter1Answers:II.TTFFFTTIII.1.reservecurrency2.appreciate3.waspeggedto4.deficit5.fixedexchangerates6.floatingexchangerates7.depreciate8.marketforcesIV.1.Con
2、fidenceintheabilityoftheU.S.toredeemdollarsforgoldbegantofallaspotentialclaimsagainstthedollarincreasedandU.S.goldreservesfell.2.Underthefixedexchangeratesystem,thevalueofthedollarwastiedtogoldthroughitsconvertibilityintogoldattheU.S.Treasury,andothernations’currenciesweretiedtothedolla
3、rbythemaintenanceofafixedrateofexchange.3.IMFhasadjusteditsroleintheexchangeratesysteminviewofthedevelopmentofthesituation.4.AfterthecollapseoftheBrettonWoodsSystem,thetaskof“rigorousmonitoring”theexchangeratepolicyofmembercountriesfellontheshoulderofIMF.5.Undernormalconditionsthestabil
4、izingoperationsweresufficienttocontainshort-runfluctuationsinacurrency’spricewithintherequiredboundsof1%ofparvalueandtherebymaintainasystemoffixedexchangerates.Chapter2Answers:I.liquid,turnover,dueto,hedge,crosstrading,electronicbroking,outrightforwards,Over-the-counter,futuresandoption
5、s,derivatives,remainder.II..1.Thefundamentalchangesoccurredinpost-warworldeconomy.Theinternationalflowofcommodities,capitalandlaborisintensifying,thusleadingtointegrationofinternationalmarkets.1.Oftenreferredtoas“financialinstitutionswithasoul”,creditunionsaremember-ownedcooperativestha
6、toffercheckingaccounts,savingsaccounts,creditcards,andconsumerloans.2.Ifyouthinkthepriceofgoldwillrise,youcanbuyamostsimplekindoffinancialderivativewhichiscalled“futures”.Ifbythattimethepricereallygoesup,thenyoumakeagain.Butifyoumakeawrongguessandthepricedeclines,thenyousufferaloss.3.Fi
7、nancialderivativesarefinancialcommoditiesderivingfromsuchspotmarketproductsasinterestrateorbond,foreignexchangeorforeignexchangerateandstockorstockindexes.Therearemainlythreetypesofderivatives:futures,optionsandswaps,eachofwhichinvolvesamixoffinancialcontracts.4.Companiesandinv
