北大金融学课件(英文版)第7章(1课时).pptVIP

CHAPTER 7 International Lending and Financial Crises International Lending International financial capital flows grew rapidly Major lenders Oil Price and Oil Exporters Categories A. Private lending investing 1. Long term a. direct investment b. loans c. portfolio investment 2. Short term B. Official lending investing Benefits Risks Benefits: similar to domestic lending Resource allocation The lender gives up resources today to get more in the future The borrower gets resources today but must pay more in the future Investment diversification Figure 7.1 Benefits Risks Risks: non-payment