国际金融1-1.pptVIP

Chapter 1Open Economy the Balance of Payments and Foreign Exchange Rate Fundamental Issues 1. How important is the global market for goods and services? 2. How important are the international monetary and financial markets? 3. What is a countrys balance of payments, and what does this measure? 4. What is the relationship between a nations current account balance and its capital flows? 5. What are foreign exchange and exchange rate? 6. How many main kinds are there in exchange rates? 1.1 The Importance of the Global Trade and Financial Markets International economic integration refers to the extent and strength of real-sector and financial-sector linkages among national economies. Real Sector: The sector of the economy engaged in the production and sale of goods and services. Financial Sector: The sector of the economy where individuals trade in financial assets. Though economists tend to measure activity in these two sectors separately, an important point of this chapter is to show that they are linked. 1.1.1 Importance of the Global Market for Goods and Services Over the last 35 years, the volume of world trade in goods and services has grown by almost 6 percent annually. The cumulative effect of this growth is more than a five-fold increase in world trade. As measured by the share of overall real-sector activity, world trade in goods and services has become more important to advanced and developing economies alike. Figure1-1 Growth of World Trade Figure1-2 Value growth rates of mechandise exports and imports(1981-2010) Figure1-3 Selected Nation’s Trade Table1-1 Figure1-4 全球资本流动变化趋势与预测（2000-2011年） Figure1-5 全球跨境资本净流入走势及其结构 变化（2003年第1季度-2009年第2季度） Figure1-6 Cross-Border Transaction in Bonds and Equities Figure1-7 外国在华直接投资流入及其变动情况 2010年FDI资金来源地:排名前十的国家或地区依次为：中国香港913亿美元、中国台湾84亿美元、新加坡81亿美元、美国66亿美元、日本64亿美元、英属维尔京群岛41亿美元、韩国29亿美元、开曼群岛17亿美元、德国14亿美元和法国13.6亿美元。(非金融部门) 2010年金融部门在华直接投资的主要国家或地区有：中国香港、西班牙、新加坡、英国和日本，其占比分别为37%、12%、10%、6%和4%。 投资行业分