請問這題為什么選A呢？
老師可不可以具體講一講截圖中銀行怎么應(yīng)用integrated asset liability approach 在幾個極端的場景下。 是在儲蓄率很低，資產(chǎn)壞賬率很高，等情況下，銀行會相應(yīng)的減少資產(chǎn)，或者調(diào)整相應(yīng)負(fù)債的期限么？能具體講講嗎。
老師，請問書本418頁第十九題答案， carry trades are occasionally subject to panicked unwinds in stressed market conditions. When this occurs, position exit can be made more difficult by market illiquidity and higher trading costs (wider bid/offer spreads)這段什么意思？怎么理解？ return distributions are often negatively skewed, reflect-ing the higher event risk (panicked carry trade unwinds, currency pegs being re- set, etc.) associated with the carry trade扣號里的怎么解釋？
老師，請問書本418頁第十七題答案，but as a country with capital controls題目中沒有提到，韓國也不是新興國家，為什么會要用NDF?若考試中要怎么來判斷？ Higher volatility would also make buy-ing a put option more expensive對于buying call option是否也是expensive？
老師，請問書本418頁第十六題答案，Note that the risk of daily margin calls is not a feature of most for-wards contracts; nor is initial margin這里想要表達(dá)的是什么意思？和題目是不是意思反了？ Posting additional margin would typically not be a daily event, however, except in the case of extreme market moves怎么理解in the case of extreme market move？post margin是怎么回事？
老師，請問書本413頁第六題答案， This approach assumes that, in free markets, exchange rates are determined by logical economic relationships that can be modeled. A fundamentals- based approach estimates the “fair value” of the currency, with the expectation that observed spot rates will converge to long- run equilibrium values described by parity conditions.不太理解這段是什么意思？
老師，請問書本413頁第三題答案 The management of these cash flow costs can accumulate and become a large portion of the portfolio’s value, and they become more expensive for cash outflows as interest rates increase這里不太明白為什么interest rates increase, 會more expensive？
老師，請問書本339頁第九題答案，能否詳細(xì)解釋一下？不太理解是什么意思？
關(guān)于peg，notes上說“the pegged currency country must follow the economic policies of the country to which it has pegged its currency”，這里的“economic policies”是否包括monetary Policy和fiscal policy？還是只包含monetary policy？如果是第一種情況的和，我理解peg會影響monetary policy的原因，但是peg是如何影響fiscal policy的？
老師，請問書本291頁第九題答案，Nu?es likely expects the XDF share price to remain relatively flat between the current price €74.98 and €80 until the February call option expires, after which time she expects the share price to increase above €80. If such expectations come to fruition, the February call would expire worthless and Nu?es would realize gains on the December call option能否詳細(xì)解釋一下？不太理解是什么意思？
Late expansion怎么也會有l(wèi)ong-term rate increase？notes前面的部分和ppt都沒提及這個，只說了short-term rate會升高（這個我明白），但是為什么long-term也會升高？這會兒不應(yīng)該已經(jīng)采取緊縮的財政政策（導(dǎo)致long-term rate下降）了嗎？
上午題是能用鉛筆作答么？
洪老師上課時候喝多了么。。。。思路這么不清晰
這道題為什么不選B，請問
請問為什么求r1的時候減去了CF16，求r2的時候不減?CF16不是第一段的ending CF，第二段的beginning CF嗎
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