Tài liệu Khối Ngành Kinh Tế

Suppose the spot price of the HKD is HK$7.75/USD and the one year spot forecast is HKD7.89. U.S. inflation forecast is 3%. What is the expected appreciation of the HKD? Is inflation lower or higher than 3% in Hong Kong? What is expected HKD inflation according to PPP? 4.86% -4.86% 1.2% -1.2%

20 trang | Chia sẻ: huyhoang44 | Ngày: 27/03/2020 | Lượt xem: 611 | Lượt tải: 0

Fiscal Policy: Spending, taxes, and deficits Deficit Spending In the short run it increases interest rates as more debt is issued (leading to a currency appreciation) In the long run it may increase risk and uncertainty in the currency as inflation and/or default becomes more probable Monetary Policy: Money Supply and Interest Rates The increa...

29 trang | Chia sẻ: huyhoang44 | Ngày: 27/03/2020 | Lượt xem: 665 | Lượt tải: 0

A spot (a.k.a., “cash”) transaction requires almost immediate delivery (usually 1-2 days) of a foreign currency. A “forward” transaction requires delayed delivery of foreign exchange. Bank quotes for deliveries of 1, 3, 6, 9 and 12 months are readily available. No cash is exchanged until delivery

30 trang | Chia sẻ: huyhoang44 | Ngày: 27/03/2020 | Lượt xem: 565 | Lượt tải: 0

Use your debit card (or credit card) at a foreign ATM to withdrawal foreign currencies (cards must have the Visa or MasterCard logo) Rates are close to interbank market rates (plus 1-5% markup) Typically 1% Visa fee and 0%-3% issuing bank fee These “fees” do not show up on your statement – “built into” exchange rate Your issuing bank may charge...

23 trang | Chia sẻ: huyhoang44 | Ngày: 27/03/2020 | Lượt xem: 546 | Lượt tải: 0

Currency Appreciation = (s1 - s0)/ s0 where s0 = old currency value s1 = new currency value When using this equation you are describing the appreciation or depreciation of the “denominator currency” (If you want to talk about the numerator currency use this equation to calculate appreciation = (s0 - s1)/ s1) or invert exchange rates and use t...

22 trang | Chia sẻ: huyhoang44 | Ngày: 27/03/2020 | Lượt xem: 517 | Lượt tải: 0

- Turn on iclicker, hold power until blinking, press DD to set classroom frequency I. I have used clickers in the classroom True: I have used iclickers False: I have NOT used iclickers II. Previous iclicker experience Favorable view of iclickers in the classroom Negative view of iclickers in the classroom

18 trang | Chia sẻ: huyhoang44 | Ngày: 27/03/2020 | Lượt xem: 593 | Lượt tải: 0

Use your credit card to make purchases Many foreign businesses require a 4-6 digit PIN to use a credit card. Be sure to call you bank 2 weeks before you leave to get the PIN (mailed) and tell them you are leaving the country Like debit cards, rates are better (market rate plus 0-5% fee) Some foreign businesses charge a fee of credit card fee o...

17 trang | Chia sẻ: huyhoang44 | Ngày: 27/03/2020 | Lượt xem: 577 | Lượt tải: 0

Power Distance: the extent to which the less powerful members of institutions and organizations within a country expect and accept that power is distributed unequally Individualism: the degree of interdependence a society maintains among its members Masculinity:  indicates that the society will be driven by competition, achievement and success, w...

34 trang | Chia sẻ: huyhoang44 | Ngày: 27/03/2020 | Lượt xem: 443 | Lượt tải: 0

Câu 4 ; Vận đơn là gì ? phân biệt vận đơn hoàn hảo và vận đơn không hoàn hảo ? A.Vân đơn là chứng từ do người chuyên chở cung cấp cho người gửi hàng nhằm xác nhận việc hàng hóa đã được tiếp nhận để vận chuyển. B.Phân biệt :  Vận đơn hoàn hảo : (clean B/L) là vận đơn không có thêm diều khoản hay ghi c...

8 trang | Chia sẻ: huyhoang44 | Ngày: 27/03/2020 | Lượt xem: 605 | Lượt tải: 0

Regulation of the International Banking Activities of U.S. Banks The Future of International Banking The Risks of International Banking Public Confidence and Bank Failures The Spread of Deregulation: How Fast Should We Go? Prospects and Issues for the 21st Century

16 trang | Chia sẻ: huyhoang44 | Ngày: 27/03/2020 | Lượt xem: 530 | Lượt tải: 0