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Pina · 2021年11月10日

factors

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。 

老师好 什么是push and pull factors?谢谢。

1 个答案
已采纳答案

笛子_品职助教 · 2021年11月11日

嗨,从没放弃的小努力你好:


拉动因素(Pull factors):表示某国家经济发展状况良好,可以吸引外资投入。

推动因素(Push factors):较低利率国家的资金往往在国际资本流动的利好下被推向境外以获得更高的收益。


冲销干预这部分已经不考了,考纲改了。

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