手上突然长痣国际金融
Chapter2:helpful
1、 balance of payments：
The t of accounts recording all flows of value between a nation’s residents and the residents of the rest of the world during a period of time.
2、internatiaoal investment position：
Complementing the balance of payments accounts is a balance sheet called the international investment position.
Chapter3:
1、foreign exchange:
Foreign exchange is the act of trading different nations’moneys.
2、exchange rate：
The value of one currency for the purpo of conversion to another.
3、spot exchange rate：
The exchange rates governing trading of bank deposits and execute the deal immediately ,are called spot exchange rate .
4、forward exchange rate:
The exchange rates quoted in foreign exchange which deals sometimes specify a future taransation date , are called forward exchange rates .
5、foreign exchange swap:
A foreign exchange swap is a package trade that includes both a spot exchange of two currencies and an agreement to the rever forward exchange of the two currencies.
6、floating exchange-rate:
The exchange rate is determined by the supply and demand situation in the open market, which is basically unregulated by the government.
7、fixed exchange-rate:
A exchange rate regime that maintains a fixed price between a national currency and a country (such as the United States), such as the currency, gold, and a package of money (such as the special drawing right).
8、arbitrage:
The process of buying a currency cheap and lling it dear 。
Chapter4:
1、exchange-rate risk：
If the value of the person’s income, wealth, or net wealthy changes when exchange rates unpredictably in the future.
2、hedging：未来五年职业规划
Hedging is the act of reducing or eliminating a net ast or net liability position in the foreign currency.
3、speculating：
Speculating is the act of taking a net ast position (“long”) or a net liability position (“short”) in some ast class, here a foreign currency.
4、forward foreign exchange contract：
Forward exchange contact is an agreement to buy or ll a foreign currency for future delivery at a price.
5、currency futures：
Currency futures are contracts that are traded on organized exchange, by entering into a currency futures contract, you can effectively lock in the price at which you buy or ll a f
oreign currency at a t date in the future.
小浪花
6、currency option：
Currency option gives the buyer (or holder) of the option the right, but not the obligation, to buy foreign currency (a call option) or to ll foreign currency (a put option) at sometime in the future at a price t today.
7、currency swap：
Two parties agree to exchange flows of different currencies during a specified period of time.
8、三个字的情侣名covered international investment：
荫蔽的读音
定能生慧Our pound liability in the forward contact matches her pound ast position, so we have hedged her exposure to exchange-rate risk. We have a hedged or covered international investment.
幽默段子9、covered interest differential：
10、covered interest arbitrage：
It is buying a country's currency spot and lling that country's currency forward, to make a net profit from the combination of the difference in interest rates between countries and the forward premium on that country's currency.
11、capital controls：
It is restrictions on the ability of financial investors to transfer moneys in or out of the country.
Chapter5:
1、purchasing power parity(ppp)：
The theory of PPP states that the exchange rate between two countries currencies equals the ratio of the countires’ price levels .
2、overshooting:
in the short run the actual exchange rate overshoots its long-run value and then reverts back toward it.
Chapter6:
1、exchange control：
The county's government places some restrictions on u of the foreign exchange market。
2、clean float：
If government policy lets the market determine the exchange rate, the rate is free to go wherever the market equilibrium is at that time.
3、Official intervention：
The monetary authority enters the foreign exchange market to buy or ll foreign currency (in exchange for domestic currency) called official intervention.
4、managed float：
The state allows currency to be traded, at the permitted exchange rate。
5、dirty float：
A policy approach -an exchange rate that is generally floating (or flexible )but with the government willing to intervene to attempt to influence the market rate.
