undefinable
2023-06-12 14:13這個(gè)題請(qǐng)講解一下。并講一下答案怎么寫
所屬：CFA Level III > Capital Market Expectations 視頻位置 相關(guān)試題
來(lái)源： 視頻位置 相關(guān)試題
1個(gè)回答
Johnny助教
2023-06-16 10:32
該回答已被題主采納
同學(xué)你好，這里問(wèn)的是通脹下降乃至通縮對(duì)各資產(chǎn)的影響。回答以下即可
1. cash： Deflation may make cash attractive if a zero-lower-bound is binding on the nominal interest rate. Otherwise deflation is simply a component of the required short-term real rate。
2. Bonds：Persistent deflation benefits the highest-quality bonds , but it is likely to impair the creditworthiness of lower-quality debt.
3. equity： deflation is especially detrimental for asset-intensive, commodity-producing, and/or highly
leveraged firms
4. real estate：unexpectedly low inflation (or deflation) will put downward pressure on expected rental income and property values, especially for less-than-prime properties,
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