开发者:上海品职教育科技有限公司 隐私政策详情

应用版本:4.2.11(IOS)|3.2.5(安卓)APP下载

廖廖酱 · 2023年03月20日

题目意思不是太理解

NO.PZ2020021601000013

问题如下:

Ivan Paulinic, an analyst at a large wealth management firm, meets with his supervisor to discuss adding financial institution equity securities to client portfolios.

Paulinic gathers data on three national banks that meet initial selection criteria but require further review.

All of the national banks under consideration primarily make long- term loans and source a significant portion of their funding from retail deposits. Paulinic and the rest of the research team note that the central bank is unwinding a long period of monetary easing as evidenced by two recent increases in the overnight funding rate. Paulinic informs his supervisor that:

Statement 1 Given the recently reported stronger- than- anticipated macroeconomic data, there is an imminent risk that the yield curve will invert.

Statement 2 N- bank is very active in the 30- day reverse repurchase agreement market during times when the bank experiences significant increases in retail deposits.

Based on Statement 1, the net interest margin for the three banks’ most likely will:

选项:

A.

decrease.

B.

remain unchanged.

C.

increase.

解释:

A is correct.

A bank’s net interest margin represents the difference between interest earned on loans and other interest- bearing assets and the level of interest paid on deposits and other interest- bearing liabilities. Banks typically borrow money for shorter terms (retail deposits) and lend to customers for longer periods (mortgages and car loans). If the yield curve unexpectedly inverts, the short- term funding costs will increase and the net interest margin will most likely decrease (not remain unchanged or increase).

Paulinic and the rest of the research team note that the central bank is unwinding a long period of monetary easing as evidenced by two recent increases in the overnight funding rate. Paulinic informs his supervisor that:

Statement 1 Given the recently reported stronger- than- anticipated macroeconomic data, there is an imminent risk that the yield curve will invert.

Statement 2 N- bank is very active in the 30- day reverse repurchase agreement market during times when the bank experiences significant increases in retail deposits.

老师您好,上面的英文可以翻译一下具体的意思么?increase in the overnight funding rate是不是意思是隔离拆借利率上涨,也就是短融的利率上涨,所以银行支付给储户的利息也变多了?

2 个答案
已采纳答案

王园圆_品职助教 · 2023年03月21日

嗨,努力学习的PZer你好:


同学你好,unwind 和easing两个放松,相当于双重否定,所以意思就变成了其实央行在收紧货币政策的意思,和后面的利率上升是一致的表述

----------------------------------------------
就算太阳没有迎着我们而来,我们正在朝着它而去,加油!

王园圆_品职助教 · 2023年03月21日

嗨,努力学习的PZer你好:


同学你好,你问的这句话意思:Paulinic和研究团队的其他成员指出,央行正在放松长期的货币宽松政策,最近隔夜融资利率的两次上调就证明了这一点。——意思其实是央行其实在收紧过分宽松的货币政策,有可能提高短期利率

你的理解是正确的。隔离拆借利率上涨,也就是短融的利率上涨,所以银行支付给储户的利息也变多了,银行的借款成本上升

----------------------------------------------
虽然现在很辛苦,但努力过的感觉真的很好,加油!

廖廖酱 · 2023年03月21日

the central bank is unwinding a long period of monetary easing,老师我理解的是央行正在放松一个长期的货币宽松政策,但是为什么隔夜融资利率又两次上调,感觉题目描述的前后矛盾?

  • 2

    回答
  • 1

    关注
  • 372

    浏览
相关问题

NO.PZ2020021601000013问题如下IvPaulinianalyst a large wealth management firm, meets with his supervisor to scuss aing financiinstitution equity securities to client portfolios.Paulinic gathers ta on three nationbanks thmeet initiselection criteria but require further review. All of the nationbanks unr consiration primarily make long- term loans ansoura significant portion of their funng from retail posits. Paulinic anthe rest of the researtenote ththe centrbank is unwinng a long perioof monetary easing evincetwo recent increases in the overnight funng rate. Paulinic informs his supervisor that:Statement 1 Given the recently reportestronger- than- anticipatemacroeconomic tthere is imminent risk ththe yielcurve will invert.Statement 2 N- bank is very active in the 30- y reverse repurchase agreement market ring times when the bank experiences significant increases in retail posits.Baseon Statement 1, the net interest margin for the three banks’ most likely will: A.crease. B.remain unchange C.increase. A is correct.A bank’s net interest margin represents the fferenbetween interest earneon loans another interest- bearing assets anthe level of interest paion posits another interest- bearing liabilities. Banks typically borrow money for shorter terms (retail posits) anlento customers for longer perio (mortgages ancloans). If the yielcurve unexpectey inverts, the short- term funng costs will increase anthe net interest margin will most likely crease (not remain unchangeor increase).那么长期债券的价格会上升呢

2024-07-09 23:05 1 · 回答

NO.PZ2020021601000013 问题如下 IvPaulinianalyst a large wealth management firm, meets with his supervisor to scuss aing financiinstitution equity securities to client portfolios.Paulinic gathers ta on three nationbanks thmeet initiselection criteria but require further review. All of the nationbanks unr consiration primarily make long- term loans ansoura significant portion of their funng from retail posits. Paulinic anthe rest of the researtenote ththe centrbank is unwinng a long perioof monetary easing evincetwo recent increases in the overnight funng rate. Paulinic informs his supervisor that:Statement 1 Given the recently reportestronger- than- anticipatemacroeconomic tthere is imminent risk ththe yielcurve will invert.Statement 2 N- bank is very active in the 30- y reverse repurchase agreement market ring times when the bank experiences significant increases in retail posits.Baseon Statement 1, the net interest margin for the three banks’ most likely will: A.crease. B.remain unchange C.increase. A is correct.A bank’s net interest margin represents the fferenbetween interest earneon loans another interest- bearing assets anthe level of interest paion posits another interest- bearing liabilities. Banks typically borrow money for shorter terms (retail posits) anlento customers for longer perio (mortgages ancloans). If the yielcurve unexpectey inverts, the short- term funng costs will increase anthe net interest margin will most likely crease (not remain unchangeor increase). N- bank is very active in the 30- y reverse repurchase agreement market ring times when the bank experiences significant increases in retail posits.扩展问一下retail posit和reverse repurchase什么关系,为什么要这么操作

2024-04-15 10:29 1 · 回答

NO.PZ2020021601000013 问题如下 IvPaulinianalyst a large wealth management firm, meets with his supervisor to scuss aing financiinstitution equity securities to client portfolios.Paulinic gathers ta on three nationbanks thmeet initiselection criteria but require further review. All of the nationbanks unr consiration primarily make long- term loans ansoura significant portion of their funng from retail posits. Paulinic anthe rest of the researtenote ththe centrbank is unwinng a long perioof monetary easing evincetwo recent increases in the overnight funng rate. Paulinic informs his supervisor that:Statement 1 Given the recently reportestronger- than- anticipatemacroeconomic tthere is imminent risk ththe yielcurve will invert.Statement 2 N- bank is very active in the 30- y reverse repurchase agreement market ring times when the bank experiences significant increases in retail posits.Baseon Statement 1, the net interest margin for the three banks’ most likely will: A.crease. B.remain unchange C.increase. A is correct.A bank’s net interest margin represents the fferenbetween interest earneon loans another interest- bearing assets anthe level of interest paion posits another interest- bearing liabilities. Banks typically borrow money for shorter terms (retail posits) anlento customers for longer perio (mortgages ancloans). If the yielcurve unexpectey inverts, the short- term funng costs will increase anthe net interest margin will most likely crease (not remain unchangeor increase). 不太理解这道题在问什么以及答案的意思。

2024-04-04 14:09 1 · 回答

NO.PZ2020021601000013 问题如下 IvPaulinianalyst a large wealth management firm, meets with his supervisor to scuss aing financiinstitution equity securities to client portfolios.Paulinic gathers ta on three nationbanks thmeet initiselection criteria but require further review. All of the nationbanks unr consiration primarily make long- term loans ansoura significant portion of their funng from retail posits. Paulinic anthe rest of the researtenote ththe centrbank is unwinng a long perioof monetary easing evincetwo recent increases in the overnight funng rate. Paulinic informs his supervisor that:Statement 1 Given the recently reportestronger- than- anticipatemacroeconomic tthere is imminent risk ththe yielcurve will invert.Statement 2 N- bank is very active in the 30- y reverse repurchase agreement market ring times when the bank experiences significant increases in retail posits.Baseon Statement 1, the net interest margin for the three banks’ most likely will: A.crease. B.remain unchange C.increase. A is correct.A bank’s net interest margin represents the fferenbetween interest earneon loans another interest- bearing assets anthe level of interest paion posits another interest- bearing liabilities. Banks typically borrow money for shorter terms (retail posits) anlento customers for longer perio (mortgages ancloans). If the yielcurve unexpectey inverts, the short- term funng costs will increase anthe net interest margin will most likely crease (not remain unchangeor increase). 为什么bank赚的是长期利率,成本是短期利率,

2023-03-16 21:17 1 · 回答