暨南大学国际金融复习提纲.docVIP

Outline for Reviewing International Finance (2013) The Structure of Examination Paper 1. Multiple Choice (30×1, 30 points) 2. Definition of Terms(5×4, 20 points) 3. Short Answer (3×10, 30 points) 4. Calculation (2×10, 20 points) Outline for Reviewing Multiple Choice Cover all Chapters Definition of Term Chapter 12: balance of payments accounting, current account balance，official settlements balance，national savingbalance of payments accounting: A country’s balance of payments accounts accounts for its payments to and its receipts from foreigners. An international transaction involves two parties, and each transaction enters the accounts twice: once as a credit (+) and once as a debit (-). Current account balance (exports minus imports): net expenditure by foreigners on domestic goods and services. The official settlements balance : is the negative value of official international reserve assets, and it shows a central bank抯 holdings of foreign assets relative to foreign central banks?holdings of domestic assets. tThe bookkeeping offset to the balance of official reserve transaction . National saving (S) = national income (Y) that is not spent on consumption (C) or government purchases (G). Chapter 13: appreciation, exchange rate, real rate of return, forward exchange rate, spot exchange rate, interest parity condition, vehicle currency Appreciation is an increase in the value of a currency relative to another currency. Exchange rate: The price of one currency in terms of another is called an exchange rate. The real rate of return : The expected rate of return that savers consider in deciding which assets to hold is the expected real rate of return, that is, the rate of return computed by measuring asset values in terms of some broad representative of products that savers regularly purchase. forward exchange rates: Foreign exchange deals sometimes specify a value date farther away than two days?30 days, 90 days, 180 days, or even several years. The exch