重要事項 Import Notes

重要事項 Import Notes
修習國際金融專題學生,
請務必參見 課程網頁維護重要事項 Import Notes
Registered students MUST see the Import Notes

2015-10-16

國際金融學習記事 丁淑妤 10292026

2015/10/12

Bilateral Versus Trade Weighted Exchange Rate
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     The effective or trade-weighted exchange rate of currency A is a weighted average of its exchange rate against currencies A,B,C,D,E...
-          
      Buying versus selling rate
Micro-structure study à bid/ask rate
Market mecanism à the use of money exchange which used by buyers or sellers with open system value to produce the best goods or service.

*Floating rates à exchange rate at any moment determined by net demand for currency
*Fix rate à monetary authority intervenes by buying up excess supply or satisfying excess demand
*Manage floating
*Balance of payment ; current account, capital account, and resrve change
*Exchange rate since world war, consist of:
                - Bretton woods (1944-68)
                - Breakdown (1968-73)
                - Floating era (1973 onward)
                - EMU (1998 onward)
                - Increasing importance of Asian exchange rates 2000 onward

Speculative efficiency
*rethink efficiency I,II,III
*rational expectation hypothesis
*simons
Level K thinking

OLS for tool (method) in econometric
OLS is linear approximation of relationships among variables y = B1 + B2 X

3 Kinds of testing exists in OLS:
- checking validness of OLS “healthy conditions”
- testing the underpinning theory
- testing for statistical significance

News related to international finance :

1.  Fed policymakers downplay divisions on U.S. rate hike
(http://finance.yahoo.com/news/fed-policymakers-downplay-divisions-u-022532684.html)
2. China’s State Sector: Bigger Than Ever
(http://www.bloomberg.com/news/articles/2015-10-15/china-s-state-sector-bigger-than-ever)



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PO 文注意事項 (Notes about your posts required for this course)

每位同學必需建立與維護 2 個網頁: (updated on 2010.9.19)
Every registered student MUST post and maintain TWO pages at this site.

1. 你的期末報告想要仿照的原始 paper 重點摘要頁, 見 [範例]
A summary of the paper you choose to follow in your term-project. (see a suggestive [summary example ]).

2. 你的學習紀錄頁, 見 [範例]
A "learning weblog" of your progress during this course (see [example]). This example is demonstrative rather than required to conform to.

3. 記得每一頁要在頁尾處輸入你的「標籤」, 包含學號後5碼, 名字或暱稱, 和 其它你自訂的關鍵字, 例 ADF、共整合、PPP、等
When you edit your pages, be sure to write appropriate "Tags" (as many as you wish) (around the bottom of editing screen) for your posted pages to let me identify your required contributions. The tags should at least include your last 5-digit student ID and keywords about the page.

4. 請同學在你所選的 paper 加上標籤:「已選」
If you have already decided a paper to follow and post a page for it. Please be sure to attach that page a specific tag named "selected or 已選." It is of course possible that two or more students may choose the same paper to follow as their term-project. BUT only one of them can be authorized to follow the specific paper. The decision will be based on a first-come-first-serve rule. That is, the one who posts the summary page of a paper gets the first priority to follow that paper posted with a tag named"selected" paper .

5. 在你的 學習紀錄頁加上標籤:「學習記事」
Don't forget to stick a tag "weblog" with your "learning weblog" page in addition to your last 5-digit student ID.


== Posted on 2009.10.05 ==
請同學在你所選的 paper 加上標籤:「已選」
在你的 學習紀錄頁加上標籤:「學習記事」