謝同學
2022-10-31 22:32原版書module1的EXAMPLE 8 Capital Flows and Exchange Rates的第3題. Kwan notes that the DM country is running a persistent current account deficit with the EM country. To isolate the influence of this chronic imbalance on exchange rates, she focuses only on the bilateral relationship between the EM and DM countries and makes the simplifying assumption that the external accounts of these two countries are otherwise balanced (i.e., there are no other current account deficits). Over time and all else equal, the persistent current account deficit with the EM country would most likely lead to: A. a large buildup of the EM country’s assets held by the DM country. B. an increase in the trade competitiveness of the EM country. C. an upward revision in the long-run equilibrium EM currency value. 為什么選C？
所屬：CFA Level II > Economics 視頻位置 相關試題
來源： 視頻位置 相關試題
1個回答
Essie助教
2022-11-01 11:07
該回答已被題主采納
你好，根據題目信息，隨著時間的推移，由于DM長期的經常賬戶失衡，會使DM外債水平上升，DM貨幣貶值。相對的也可以說EM貨幣長期匯率的上升。
A選項說反了，應該是DM的經常賬戶赤字會使EM持有的DM的資產增加。
B選項不對，因為貨幣走強會導致EM的貿易競爭力下降。
0
0
1
1
