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德韵90 · 2019年10月11日

问一道题:NO.PZ2018091706000064 [ CFA II ]

答案解析里面的Terms of trade 是什么意思?问题如下图:

选项:

A.

B.

C.

解释:

3 个答案

源_品职助教 · 2019年11月07日

咱们课上也讲了,外汇危机信号这里的表述,只是人们在市场上观察到的显现,背后不一定有经济逻辑作为支撑。

这里可以理解为,本币已经虚高了,所以本国商品贵了,总出口就开始下降了。

源_品职助教 · 2019年10月28日

货币危机的信号只是人们在市场上观察到的现象的总结。

“总出口/总进口” 下降,就是贸易不景气的表现,比如出口商品的数量减少了或者价格卖不上去了。总之它代表着贸易开始往逆差方面发展。要解决贸易逆差通常会采用本币贬值的方法。货币的贬值不当就可能引发货币危机。

源_品职助教 · 2019年10月12日

Terms of trade 是贸易条件的意思。

贸易条件是指“总出口÷总进口”,贸易条件恶化就是指前者的比值不断降低。

这是外汇危机前,通常可以观察到的一个现象。

 

Spencer · 2019年10月28日

老师请问,为何会总出口比值减少?

梦梦0708 · 2019年11月06日

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NO.PZ2018091706000064 问题如下 Beauregarhconcerns about the firm’s experiencesring currencrises. She recalls reang a stu procethe IMF thanimpenng currencrisis is signalenumerous economic variables. She makesthe following statements with regarto some of these variables:1. Trabalances exhibit substanticline prior to the crisis.2. Acountry hstinctive economic growth patterns aheof the crisis.3. Inflationis significantly higher in the pre-crisisperioWhiof Beauregars statements regarng acurrencrisis is the most accurate? A.Statement 3 B.Statement 2 C.Statement 1 Statement 3 is the most accurate. Inflation ten to significantly higher in pre-crisisperio comparewith tranquil perio.解析A最准确的。与平静时期相比,危机前时期的通胀率往往要高得多。C错误,the terms of tra而非Tra balances下降。如果是Tra balances大幅下降,表明危机已经发生,就不是危机的信号了。B错误,因为危机发生前,经济不会有什么额外的增长。 B为什么Tra balances大幅下降,表明危机已经发生

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