国际金融复习资料

国际金融复习资料

中英互译

cost- effective

成本最低

Multinational Business Finance

国际金融

corporate stakeholders

公司合伙人

tax differentials

差别税率

oligopolistic

寡头市场

supply chain outsourcing

供应链外包

options

期权

creation of custom software

定制软件创建

futures

期货

swaps

互换

derivatives

衍生品

labor-intensive production

劳动密集型产品

agency problem

代理人问题

maximize value

利润最大化

shareholder wealth maximization, SWM

股东财富最大化模型

stakeholder capitalism model, SCM

利益相关者模型

consolidated profits

合并利润

transparency

透明度

returns to equity

股权回报率

capital appreciation

资本增值

dividend yield

股利投资

accounting fraud

会计欺诈

the board of director

董事会

auditing

审计

Balance of payments

国际收支平衡表

Credit item

贷方项目

Debit item

借方项目

official reserves account

官方储备账户

net errors and omissions account

净差错与遗漏账户

current income

本期收入

fixed exchange rate

固定汇率

floating exchange rate

浮动汇率

financing entries

融资账户

current transfers

经常性转移支付

International investment position

国际投资头寸

Double- entry bookkeeping

复式记账法

subprime debt

次级贷款

securitization

资产证券化

mortgage- backed securities, MBSS

抵押支持证券

asset- backed securities, ABSs

资产支持证券

structured investment vehicle, SIV

结构化投资工具

collateralized debt obligation, CDO

债务抵押债券

credit default swap, CDS

信用违约互换

bucket shop

投机商号

credit enhancement

信用增强

mark-to-market, MTM

逐日盯市

LIBOR

伦敦银行同业拆借率

Fannie Mae(the Federal National Mortgage Association)

房利美

Freddie Mac

（

the Federal Home Loan Mortgage Corporation

）房地美

foreign exchange transaction

外汇交易

market maker

做市商

CFTC=commodity Futures Trading Commission

美国商品期货交易委员会

spot

即期

forward

远期

swap

互换

nondeliverable forward, NDF

无本金交割远期外汇交易

BIS=Bank for International Settlements

国际清算银行

forward premium

远期升水

European terms

欧式标价法

American terms

美式标价法

bid

买入价

ask

卖出价

triangular arbitrage

三角套汇

Reuters

路透社

Derivatives Association=DA

衍生工具协会

foreign currency futures contract

外汇期货合约

national principal

名义本金

market to market

逐日结算

short/long position

空头

/

多头头寸

foreign currency option

货币期权合约

at-the-money

到价期权

in-the-money

实值期权

out-of-the-money

虚值期权

counterparty risk

交易对手风险

European-style call option

欧式买权

American-style call option

美式买权

volatility

波动率

writer of a call

买权出售方

writer of a put

卖权出售者

financial derivatives

金融衍生品

purchasing power parity(PPP)

购买力评价

balance of payment

国际收支

asset market approach

资产市场法

currency board

货币发行局

stabilizing expectations

稳定预期

overshooting

超调

currency collapse

货币崩溃

tequila effect

龙舌兰酒效应

Malaysian ringgit

马来西亚货币林吉特

Indonesian rupiah

印尼卢比

/

盾

the Real Plan

雷亚尔计划

cross-rate consistency in forecasting

交叉汇率预测一致性

cross- border acquisition

跨境并购

joint marketing

联合营销

OLI Paradigm OLI

范式

licensing

许可生产经营

management contracts

管理合同制

joint venture

合资企业

greenfield investment

绿地投资

strategic alliance

战略联盟

intellectual property

知识产权

wholly owned subsidiary

全资持有子公司

acquisition

收购

foreign affiliate

国际联属企业

简答题、论述题

1.

Goal-building firm value-requires combining (

跨国企业创造价 值需要具备

的条件

)

：

①

an open marketplace

②

high quality strategic management

③

access

to capital

2.

The theory of comparative advantage(

比较优势理论含义及演变过程

)

theory of comparative advantage provides a basis for explaining and

justifying international trade in a model world assumed to enjoy:

free trade; perfect competition; no uncertainty; costless information, and no

government interference

2.

the theory's origins lie in the work of Adam Smith, his seminal book The Wealth

of Nations published in on the concept of absolute advantage.

David Ricardo, his work On the Principles of Political Economy and Taxation

in1817,termed this comparative advantage.

supply chain outsourcing: comparative advantage today.

3.

Why do firms become multinational

（企业为什么变为跨国）

Strategic motives drive the decision to invest abroad and become an MNE

1.

market seekers produce in foreign markets either to satisfy local demand or to

export to markets other than their home market.

2.

Raw material seeks extract raw materials whenever they can be found, either

for export or for further processing and sale in the country in which they found

the host country.

3.

Production efficiency seekers produce in countries where one or more of the