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Rina · 2021年04月11日

冲销干预是否还在考纲内?

NO.PZ2018091706000056

问题如下:

 The emerging marketcountry is more likely to engage in sterilized intervention if its:

选项:

A.

inflation rate is high 

B.

currency is undervalued 

C.

currency appreciation is caused by push factors rather than pull factors 

解释:

A country would likely choose sterilized intervention if it had a highinflation rate, because unsterilized intervention would add to the monetary base andpossibly increase inflationary pressures. B is incorrect because an undervalued currencyis likely to lessen the probability of intervention, sterilized or unsterilized, in response tocapital inflows. C is incorrect because both push and pull factors can lead to bubbleconditions, excessive exchange rate appreciation, and the unwanted build-up ofexcessive speculative positions.

解析:如果一个国家的通胀率很高,它很可能会选择冲销干预,因为未冲销干预会增加货币供给量,从而增加通胀压力。A正确。

B是不正确的,因为被低估的货币可能会降低干预的效用,无论是冲销的还是未冲销的干预。

C是不正确的,因为push以及 pull因素都可能导致泡沫状况、汇率过度升值,以及不必要的过度投机仓位。 

您好,关于冲销干预这个知识点,好像在何老师的课程里面没有听到,请问现在还在考纲范围内吗?

1 个答案

丹丹_品职答疑助手 · 2021年04月11日

嗨,努力学习的PZer你好:


同学你好,冲销干预是指货币当局在外汇市场上进行结汇售汇的同时通过其他货币政策工具来抵消货币当局外汇交易对于货币供应量的印象。这

这个知识点同学了解即可,基本不考察。

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