Judy
2023-08-31 17:26請問這題的知識點(diǎn)邏輯是什么呢，謝謝
所屬：CFA Level III > Capital Market Expectations 視頻位置 相關(guān)試題
來源： 視頻位置 相關(guān)試題
1個(gè)回答
Johnny助教
2023-09-02 22:29
該回答已被題主采納
同學(xué)你好，這里是教材給出的一個(gè)結(jié)論，可以記憶一下
A rising current account deficit will tend to put upward pressure on real required returns (downward pressure on asset prices) in order to induce a higher saving rate in the deficit country (to mitigate the widening deficit) and to attract the increased flow of capital from abroad required to fund the deficit. An
expanding current account surplus will, in general, require the opposite in order to reduce “excess” saving. This suggests that the analyst should consider reallocation of portfolio assets from countries with secularly rising current account deficits to those with secularly rising current account surpluses (or narrowing deficits).
經(jīng)常賬戶赤字提高會導(dǎo)致實(shí)際要求回報(bào)率提高并給赤字國帶來更高的儲蓄率以吸引外資流入，以此彌補(bǔ)該國赤字。反之，經(jīng)常賬戶盈余提升就會減少超額儲蓄。對此，應(yīng)該要把資產(chǎn)從經(jīng)常賬戶赤字正在攀升的國家轉(zhuǎn)移到經(jīng)常賬戶盈余正在上升的國家
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