国际金融英文版PPT 课件.ppt

《国际金融英文版PPT 课件.ppt》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、InternationalFinanceChapter1IntroductiontoInternationalFinanceTheSubjectMatterofInternationalFinanceInternationalfinancestudiescross-bordercapitalmovementsresultedfrompolitical,economicalandculturallinkagesorcontactsamongdifferentcountries.Itisaconstantlyevolvingsubjectthatdealsverymuchw

2、ithrealworldissuessuchasbalanceofpaymentsandpolicies,thecauseofexchangeratemovementsandtheimplicationsofmacroeconomiclinkagesbetweencountries.TheBOPisoneofthemostimportanteconomicindicatorsforthepolicy-makersinanopeneconomy.Itinfluencesacountry’semploymentrate,interestrate,exchangeratean

3、dmanyothereconomicvariables.Foreignexchangerateisthecoresubjectmatterinthetheoryofinternationalfinance.Howtheexchangerateisdeterminedandwhytheexchangeratechangesfromtimetotime?Financialderivativessuchascurrencyfutures,optionsandswapsprovidevaluabletoolswiththecompanieswhofaceforeignexcha

4、ngeriskexposures.Ontheotherhand,thederivativesarealsousedextensivelyforspeculations.Someeconomistsbelievetheyarethemajorcausesfor2008worldcrises.Somefirms,banks,andauthoritieshaverunupenormouslosseseitherthroughtakingofundulyriskypositionsoralackofunderstandingtheinstruments.TheEnvironme

5、ntofInternationalFinanceEconomicintegrationreferstotheextentandstrengthofrealsectorandfinancialsectorlinkagesamongnationaleconomies.Internationalmarketsareintegratedwhenassetssellforthesamepriceineverycountry.Globalizationincludesmarketintegration,worldgovernance,globalsocietyandmobility

6、ofpeopleandinformation.RapidgrowthofworldtradeandfinanceTheWorld’sMajorEconomicCooperationandFreeTradeAgreementWTO–WorldTradeOrganization(153)NAFTA–NorthAmericanFreeTradeAgreement(3)EU–EuropeanUnion(27members,16useeuro)ASEAN–AssociationofSouth-EastAsianNations(10)APEC–Asia-PacificEconomi

7、cCooperation(21)Mercosur–the“commonmarketoftheSouth”(6)AndeanCommunity(5)OPEC–OrganizationofPetroleumExportingCountries(12)CIS–CommonwealthofIndependentStates(12)GrowthinvolumeofworldmerchandisetradeandGDP2000–2011(annualpercentagechange)Figuresfor2011areprojectionsSource