【正文】 第二節(jié) 國際收支平衡表 ? ? (1)經(jīng)常帳戶。居民的概念？具體劃分： 1，官方居民 2企業(yè)居民 3 個人居民 ? 第三 .國際經(jīng)濟(jì)交易的內(nèi)容：交換、轉(zhuǎn)移、移居，其他依推論而存在的交易 第一節(jié) 外匯與國際收支的概念 ? 常用國家和地區(qū)，貨幣名稱與貨幣符號對照表 國家和地區(qū)名稱 貨幣名稱 貨幣符號 貨幣代碼中國 CN 人民幣元 RMB ￥ CN Y英國 GB 英鎊 ￡ G BP美國 U S 美元 ﹩ U S D德國 D E 馬克 DM D EM日本 J P 日元 J ￥ JP Y瑞士 CH 瑞士法郎 S W F CH F第二節(jié) 國際收支平衡表 ? ? 是將一國一定時期內(nèi)國際收支所涉及的全部經(jīng)濟(jì)交易，根據(jù)不同的內(nèi)容和范圍，按經(jīng)濟(jì)分析的需要設(shè)置帳戶或項目編制出來的統(tǒng)計報表。與此對應(yīng)，國際投資是一個存量概念。外幣有價證券。狹義） ? 廣義：指以外幣表示的可以用作國際清償?shù)闹Ц妒侄魏唾Y產(chǎn) ? 狹義：指一外幣表示的用于國際結(jié)算的支付手段 ? 廣義外匯：那些支付手段和資產(chǎn)可作為廣義外匯 ? 狹義外匯的特征： 第一節(jié) 外匯與國際收支的概念 ? 廣義外匯與狹義外匯的對比 廣義外匯 狹義外匯作用 國際清償 國際結(jié)算種類 外幣。 二 “國際金融”課程的主要內(nèi)容 ? 識 ? (1)外匯與國際收支 (2)國際儲備 ? (3)匯率與匯率制度 (4)外匯交易 ? 論 ? (1)國際收支調(diào)節(jié)理論 ? (2)匯率決定理論 ? ? (1)國際收支調(diào)節(jié)政策 ? (2)匯率政策 ? (3)外匯管制政策 ? (4)國際儲備政策與管理 ? ? (1)國際金融市場概述 ? (2)歐洲貨幣市場 ? 貨幣體系 ? (1)國際協(xié)調(diào)的基本原理 ? (2)國際協(xié)調(diào)的制度安排：國際貨幣體系 ? a國際金本位制 ? b布雷噸森林體系 ? c牙買加體系 ? (3)國際金融機(jī)構(gòu) 三 國際金融與相關(guān)學(xué)科的區(qū)別 ? 1與貨幣銀行學(xué)的區(qū)別 ? （ 1）“貨”：國內(nèi)貨幣供給與國內(nèi)價格問題 ? “國”：外匯供求及相對價格 ——匯率問題 ? （ 2）“貨”：貨幣市場均衡問題； ? “國”：外匯市場與國際收支均衡。 一 國際金融的概念 ﹑ 重要性及特點 ? ? （ 1）是一種全球性的貨幣信用活動 ? （ 2）不僅是貨幣信用空間的相對簡單的擴(kuò)大，其所涉及的范圍更廣，影響因素更為復(fù)雜。 ? （ 2）微觀 ——企業(yè)在生產(chǎn)經(jīng)營過程中的籌資或投資等活動都直接或間接受到國際金融市場變化的影響。 5… ? Foreign bondsforeign bonds are issued in local market by a foreign borrower,with the assistance of a large investment bankers,and are denominated in a local currency. ? Eurobondseurobonds are financed by longterm funds in the Eurocurrency are underwritten by a multinational syndicate of banks and placed in countries other than the one in whose currency they are denominated. ? Shortand Mediumterm Debt Markets ? Euromercial paper (ECP)and Euromediumterm notes(EMTN) ? Floating rate Euronotes(Floating rate notes(FRN)represent an early innovation in the eurobond is usually paid semiannually and they trade at a spread of the reference rate,., above LIBOR may amount to 25100 basis points or 6 months ,the rate is reset with the same margin. ? International REPO market(repurchase agreement ,or REPOS) ? International Equities ? Currency futures and options ? Interest rate futures and options 一 國際金融的概念 ﹑ 重要性及特點 ? ? 國際金融一般是指與國際間的貨幣流通和銀行信用有關(guān)的一切業(yè)務(wù)活動 ? ? （ 1）國際貨幣及借貸資本運動規(guī)律 ? （ 2）國際貨幣經(jīng)營和管理的各種業(yè)務(wù)及組織機(jī)構(gòu) ? （ 3）國際貨幣信用制度及政策措施 ? ? （ 1）宏觀 ——在開放條件下一國宏觀經(jīng)濟(jì)需要從全球視角進(jìn)行考察。 are noncallable with intermediate maturities of 5,7,or 10 years and longer maturities to 40 years。The global business finance environment International finance Foreign direct investment Inventory of international Financial resources environment international moary system the balance of payment theories of foreign exchange rate determination exchange exposure financial institution financial resources financial markets derivatives exchangetraded traded derivatives Inventory of international financial resources ? Nonbank financial institutions in global finance ? International financial markets ? International derivatives exchangetraded ? International nonexchange traded derivatives Nonbank ? Public international financial institutions public global financial institutions regional public national public ? Private international financial institutions global private regional private national private International financial markets ? Eurocurrency markets ? International debts marketslongterm global bonds/foreign bonds/eurobonds/special types of bonds ? Shortand mediumterm debt markets Euromercial paper and euromediumterm notes/floating rate euronotes ? International equities International derivatives exchangetraded ? Users of derivatives/risks of derivatives ? Currency futures and options ? Interest rate futures and options International nonexchange traded derivatives ? Currency and interest rate swaps ? Interbank currency futures and options ? Exotic derivatives ? Eurocurrency markets ? International Debt Marketslongterm ? Shortand Mediumterm Debt Markets ? International Equities International financial markets ? Eurocurrency markets Eurocurrency market has been referred to as a stateless vat of money,essentially owing to no allegiance to any is a huge ,global interbank money and capital market that facilitates loans with maturities range from 90 days to 10 years or more and that is almost totally outside all government regulations. ? Eurocurrency markets cost of funds in this market is based on LIBOR,the London Interbank Offer Rate,the rate at which banks in the interbank system charge each other for funds of many different maturities of the market A number of reasons have been given for the origin of the Eurocurrency analysts go so far as to say that the Soviets initiated the process of trading Eurocurrencies before the western Europeans used foreign deposits. After World WAR II,the Soviets used dollars instead of rubles for foreign trade and had maintained a large inventory of hard currencies,especially the order to earn interest on these deposits,the soviets began to lend these deposits to Europeans or to American operating in Europe,thus creating Erocurrencies. ? International Debt Marketslongterm bondsThe domestic bond is issued locally by a domestic borrower and is usually denominated in the local currency bonds The foreign bonds Eurobonds ? Global bondsGlobal bonds were first issued in 1989 and 1990 when the World Bank borrowed in the international capital markets by floating global bonds denominated in . are the key features of global bonds: