国际金融第一次作业

1、国际金融作业理学院陈隆信息与计算科学P314 3,53.E xplai n how each of the followi ng tran sacti ons gen erates two en tries a credit and adebit in the America n bala nee of payme nts acco un ts, and describe how each entrywould be classified:a. An American buys a share of German stock, paying by writing a check on an a

2、ccount witha Swiss bank.答：一位美国人用瑞士银行的支票购买德国的股票，这借记到了美国的金融项目，而当美国人通过他的瑞士银行账户用支票支付时，在美国的金融项目上贷记此项。b. An American buys a share of German stock, paying the seller with acheck on an America nbank.答：一位美国人用美国银行的支票购买德国的股票时，应借记美国的金融项目，德国的商人存支票时进行贷记。c. The Korean government carries out an officialforeignexcha

3、ngein terve ntio n in whichit uses dollars held in an American bank to buy Korean currency fromits citize ns.答：韩国政府施行采用由美国银行持有的美元来进行官方外汇干预，从而从他的 市民手中购 买韩国货币。需要借记美国的金融项目。d. A tourist from Detroit buys a meal at an expe nsive restaura nt in Lyons,France,paying with a travelers check.答 : 如果该公司需要卖出资产来支付

4、款项，那么该公司持有的法国资产的减少将 登记美国金 融项目。该支票为法国的支票账户的话，该公司支付的款项将借 记美国的经常项目。e. A California winemaker contributes a case of cabernet sauvignon fora London wine tasting. 答：没有经过市场交易，不必在经常项目或金融项目借记或贷记。f. A factory in Britain uses local earnings to buy additional machinery. 答：这交易不发生在美国本土，不记入美国的国际收支账户内。5.The nation

5、of Pecunia had a current account deficit of $1 billion and a non reservefinancial account surplus of $500 million in 2008.a. What was the balance of payments of Pecunia in that year What happened to thecountrys net foreign assets答：该国的国际收支余额为 5 亿美元。该国的净国外资产就会减少 10 亿美元。 b. Assumethat foreign central b

6、anks neither buy nor sell Pecunian assets. How didthe Pecunian central banks foreign reserves change in 2008 How would thisofficial intervention show up in the balance of payments accounts ofPecunia 答：该国的中央银行没有动用私人资金流入来为该国的经常项目赤字融资。其中 央银行的储备减少 5 亿美元，记入到国际收支账户中。c. Howwould your answer to(b) change if

7、 you learned that foreign centralbanks had purchased $600million of Pecunian assets in 2008 How wouldthese official purchases enterforeign balance of paymentsaccounts答：如果流入的外国官方资本是6 亿美元，那么该国就会有 1 亿美元的国际收支盈余。但现 在流入了 11亿美元，所以该国中央银行就需要用多出来的1 亿美元来购买外国资产来增 加储备。外国中央银行买入该国资产在其国际收支账 户上是流出，所以需要借记账户。时外国持有d. Draw up the Pecunian balance of payments accounts for 2008 under the assumption that th