国际金融第1章课件.pptxVIP

CHAPTER 1Introduction00-Introduction1.GlobalizationWave 1:1870—1930（the Great Depression)Wave 2:1950—1980—NowIndicators: International Trade, FDI, Cross-border Lending, International Portfolio Investment, Information, Data etc.Effects: (1)Countries(Interdependent) (2)Companies(Production Decisions Based on Global Markets) （3）individuals?00-Introduction Imbalanced WorldIndicators: National Payments(e.g.), Foreign Exchange, Exchange Rates.Example1: ChinaExample 2: U.S.AExample 3: Japan 00-IntroductionNegative Effects Financial Crisis(assets prices, bubbles), Economic Crisis(economy recession, FDI and foreign trade implode…)The causes and impacts of financial crisis and economic crisis will go through all the chapters. 00-International Economics Is DifferentNations(Countries)Sovereign International EconomicsSovereign means:(1)Barriers to foreigners(2)Own currency( monetary policy)(3)Independent government taxing and spending( fiscal policy)(4)Independent lawsCountryfascinating and difficult to analysis International Economics 00-International Economics Is DifferentYearAmount produced in the U.SAmount imported abroadTotal amount2004194(63%)113（37%）3072008137(50%）139（50%）276Four ControversiesControversy 1: Imports of Automobile Tires(AT)Table 1: Usage of AT in the U.S.(million)00-International Economics Is DifferentQuestion：Should the U.S. increase the import of AT?(1)Effects of increasement of AT Unemployment (35,000 in 2004 to 31,000 in 2007)Bankrupt(2)Evaluating the negative effects, namely whether it harms to the U.S tire industry?(3) Conclusion: harmTariffs are imposed on imports from China(4)what will you do as the U.S. president? Considering all the issues: the workers and factories; consumers00-International Economics Is DifferentRecommendation by ITCYear 155%Year 245%Year 335%Real rates35%30%25%Table 2: Tariffs imposed on the AT imports from ChinaResults(1)imports dropped sharply from China(2)the tire price went up.(3)imports increased from othe