國(guó)際金融托馬斯a普格爾(著)第14版chapter2-全文預(yù)覽
【正文】 c real investment 國(guó)內(nèi)直接投資 Y : Domestic production of GS 國(guó)內(nèi)商品和服務(wù)的總產(chǎn)出 C : Domestic household consumption of GS 本國(guó)對(duì)商品和服務(wù)的私人消費(fèi)支出 G : Government spending on GS 政府對(duì)商品和服務(wù)的購(gòu)買(mǎi) X : Foreing purchases of the country’s exports of GS 外國(guó)對(duì)本國(guó)商品和服務(wù)的購(gòu)買(mǎi) M : The country’s purchases of imports of GS from other contries 本國(guó)對(duì)外國(guó)商品和服務(wù)的購(gòu)買(mǎi) E : National expenditure on GS 一國(guó)對(duì)商品和服務(wù)的總支出 ?Financing and international financial flows: Net foreign investment (If). CA = If If ： The accumulation of foreign assets minus foreign liabilities. CA 0 surplus → If 0 → Net lender凈債權(quán)國(guó) CA 0 deficit → If 0 → Net borrower凈債務(wù)國(guó) ?National saving (S) versus domestic investment (Id). CA = S – Id S include: Id : Invest at home in domestic captical formation, which is domestic real investment. If : Invest abroad in foreign invesment. CA = If S = Id + If, CA = S – Id ?Domestic production (Y) versus national expenditure (E). CA = Y – E Y = C + Id + G +(X – M) E = C + Id + G CA= YE = CA To summariz, the current account balance turns out to be equal to three other things: If CA 0 ? The country has positive foregn investment. (A lender or investor) ? The country is saving more than it is investing domestically. ? The country is producing more than it is spending on goods and services. Continued The macro meaning of the overall balance Symbols: B: Official settlements balance 官方結(jié)算差額 FA: Financial account balance 金融項(xiàng)目差額 OR: Official Reserve 官方儲(chǔ)備資產(chǎn) ?The official settlement balance: ? equals the sum of the current account balance plus the private
教學(xué)課件相關(guān)推薦
鄂ICP備17016276號(hào)-1