2014.10.06
- 教授講解各章節概要,並解釋部分名詞。
- 需特別理解注意匯率與國際收支的解釋(英文)
- Spot rate為即期匯率S (現貨&現金)
Forward rate為遠期匯率F (非即期交易,期貨&遠期等) - 「翻轉教室」是指學生藉由事先的"預習"討論等先理解課程的大綱結構與觀念,再帶至課堂上與同儕和教師討論。
- BIG DATA 指的是所涉及的資料量規模巨大到無法透過人工,在合理時間內達到擷取、管理、處理、並整理成為人類所能解讀的資訊
相關連結:http://zh.wikipedia.org/wiki/%E5%A4%A7%E6%95%B8%E6%93%9A
2014.10.13
- S:spot exchange rate(in domestic dollars, Ex:NTD/USD)
Alternative:E=1/S(USD/NTD) - F:forward exchange rate(which is a contract)
- If S ↑, domestic dollars has called "depreciation" If S ↓, domestic dollars has called "appreciation"
→Both of them under the fiexble exchange market.
→In RMB, used fixed change rate. And S↑ called "revalution", S↓ called "devalution". - Totally have 5 market:1. spot 2. forward 3.futures 4. options 5. SWAP
→Futures have a fixed unit to trade, called "一口", and forward can trade for any amount.
→Explain SWAP in Chinese is "換匯". - If we focus on international finance, we can have 5 classficition.
1.Exchange rate(including return or risk)(short run)(ARIMA, GARCH)
2.Macro-impact(exchange rate determination)(long run)(PPP, UIP 匯率抉擇)
3.Micro-impact(porfolio model)
4.Financial crisis
5.Integration(市場整合) - Why capital flows over the world?
1.Investment between countries(company).
2.Trading between countries.
3.Traveling
4.Investment to the target financial market.
5.To get the Interest. - 承上方敘述,
貿易需求(物流):2.3
套利(金流):1.5
投機(資訊流):4
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