① （急用）请英文高手帮忙翻译国际金融论述题--国际收支不平衡会造成那个哪些影响
International payments imbalances could lead to changes in import and export trade, currency issues, as well as changes in currency exchange rates, which directly affect a country's economic development and people's living standards.
Judging from these two aspects, namely the balance of payments surplus and the international balance of payments deficit
The impact of the balance of payments surplus
A country's international balance of payments surplus, of course, to increase their foreign exchange reserves, to strengthen its external payments, but also have adverse effects are as follows:
1. The national currency exchange rate will generally rise, and not concive to the development of its export trade, thereby increasing the domestic unemployment problem.
2. Surplus to increase the domestic gold and foreign exchange reserves, but also make their own money supply growth, and add to inflation.
3. It would also exacerbate international friction. Because a country's international balance of payments surplus occurs, the balance of payments means that the occurrence of the deficit countries will lead to the other party to take retaliatory measures.
4. For developing countries, often to form the balance of payments surplus was e to the formation of excessive export trade surplus, it means that the rection of domestic availability of resources, which is not concive to the economic development of developing countries.
The impact of the international balance of payments deficit
A country's international balance of payments deficit, the general will cause the national currency exchange rate to float downward; such as a serious trade deficit, the currency exchange rate will fall sharply. If the monetary authorities of the country unwilling to accept the consequences of this, it is necessary to intervene on the foreign exchange market, that is sold to buy foreign exchange and local currency. The foreign exchange reserves will be consumed, or even result in the depletion of foreign exchange reserves, which seriously weakened the capacity of its external payments; On the other hand will be the formation of the monetary tightening of domestic situation, the level of interest rates to rise, the impact of national economic growth and unemployment and national income growth rate of the increase in the relative and absolute decline.
From the international balance of payments deficit for the formation of the specific reasons, if it is caused by the balance of trade deficit, will result in an increase in domestic unemployment. The case of capital inflow than the outflow of capital, domestic capital will result in tension, thus affecting economic growth.
② 国际金融计算题 (英文)
If borrows 1CAD in Canada and saves in US, the company will gain 1CAD*(spot rate)*(1+interest rate in US)/(1 year forward rate) after 1 year, which is 1*0,9*(1+3%)/0.8=1.15875CAD. The principal and interest to be repayed will be 1CAD*(1+interest rate in Canada), which is 1*(1+4%)=1.04CAD. After repaying the 1.04CAD, the company will still have a positive profit of 1.15875-1.04=0.11875CAD. Thus we can make an arbitrage profit.
③ 国际金融英文版选择题答案
慢慢做吧 骚年
④ 国际金融,(英文版)的翻译或对照!急 课程需要
去下载个eREAD吧...里面应该有的
⑤ 国际金融学计算题(英文)
(1)use DM 1.45 to buy $1 in New York and sell $1 in Frankfurt,get DM 1.46. You get DM 0.01.
(2)
--Fixed
buy £ with your $1,000,000, hold £500,000 for 1 year period and get interst £(500,000 *16%)=80,000, then buy back $ with all your £580,000, you get $1,160,000.
However if you hold initial $1,000,000 for 1 year period, you only get $1,120,000.
You win $40,000 via buy and hold £.
--floating
You may not get this part profit as in fixed through hold £. As i year later when buy back $, the exchange rate may change to £1=$2.1 or even higher.
You have to face some risk if your still do the same trade as in fixed rate.
But for carry trade player, they generally put their money in high yiled currency.