金融英语技能训练Lecture 1 Financial globalization.pdfVIP

金融英语技能训练 Developing Financial English Skills 岑华 编著 Lecture 1 Financial Globalization 金融全球化 Learning Objectives  Expand lecture-topic-related vocabulary  Take effective notes on the lecture  Retell information from notes  Accomplish listening tasks  Write an effective lecture summary  Expand reading into lecture topic  Translate an article into Chinese  Discuss topics related to financial globalization Stage 1 Dictation 1. liberalize 2. cross-border capital movement 3. financial intermediary 4. float a bond 5. be listed on an exchange 6. the oil crisis of 1973 7. Bretton Woods System 8. Organization of Petroleum Exporting Countries (OPEC) 9. sovereign loan 10.money-center bank 11. adjustable-peg 12. foreign exchange turnover 13. mergers and acquisitions 14. economic turmoil 15. Organization of Economic Cooperation and Development (OECD) 16. private capital flows 17. risk diversification 18. corporate governance 19. financial infrastructure 20. volatility Stage 2 Listening Comprehension 1. What is financial globalization? 2. When did the first era of financial globalization begin and end? 3. What are the events that signal the beginning of the second era of financial globalization? 4. What are the two measures of financial globalization mentioned in the lecture? 5. What are the main benefits of financial globalization? 6. What is the biggest downside of financial globalization? Answers to Listening Comprehension 1. Financial globalization refers to the integration of the domestic financial system of an economy with the global financial markets and institutions. 2. It began in 1870 and ended in 1914. 3. The significant events are the oil crisis of 1973 and the official collapse of the Br