国际金融双语复习大纲设计

标准文档 （一）论述、简答、计算题：What is the current account balance of France when the French budget surplus is 、1 348 million Euros, private saving is 256 million Euros, domestic capital ation is 134 million Euros? 解答：National saving = private saving + government saving = 256+348=604 million = real investment saving – domestic account Current balance = national 604-134=470 million Current account balance(CA)=net foreign investment(If) 附：National saving(S)=domestic real investment(Id)+net foreign investment(If) services)-E(total and production of goods , CA=Y(domestic If=CA=S-Id expenditures on goods and services) Which of the following transactions could contribute to a British current account 、2 surplus? Explain why million government for 250 defense sells equipment to the British a French firm pounds in bank deposits in aid government the million of a Britain b Great makes gift $500 to Iraqi to 标准文档 reconstruction. c The United States borrows 200 million pounds on a short-term basis from the British government to buy 200 million pounds in textiles from Great Britain. C：merchandise exports——current account surplus A：merchandise imports——current account deficit B：unilateral transfer——current account deficit 3、You are provided with the following ination about a country s international transactions during a given year: Service exports $346 $354 Service imports $480 Merchandise exports Merchandise imports $348 Income flows, net $153 $142 Unilateral transfers, net Increase in the country s holding of foreign assets, net (excluding official reserves assets) $352 Increase in foreign holdings of the country s assets, net (excluding official reserve assets) $252 $154 Statistical discrepancy, net 标准文档 a. Calculate the official settlements balance and the current account balance. b. Is the country increasing or decreasing its net holdings of official reserve Why?assets? A: Current account balance=net credits – net debits on(the flow of goods ,services ,income and unilateral transfer)=（346—354）+（480—348）+153—142 = 135 Financial account balance= foreign holdings of the country s assets – the country s holding of foreign assets =—352 + 252 = — 100 So, official settlement balance(B)=CA balance + financial account balance= 135 — 100=35 B: Current account balance = 132—8+153—142=135 B = CA + FA = 135 + （—100） = 35 B + OR + Statistical discrepancy = 0 OR = —189 Increase in net holdings of official reserve asset Debit (-) Credit (+) Balance Goods 348 480 132 Services 354 346 -8 Income 153 标准文档 Unilateral transfer 142 -142 Private capital flows 352 252 -100 OR 189 -189 Statistical discrepancy 154 For each case below, state whether the euro has appreciated or depreciated and 、