問題一覧
1
The institutional structure that facilitates the operation of the international monetary system.
Foreign Exchange Market
2
A means for financing the goods in transit must be devised as the movement of the goods between countries take time.
The Provision of Credit
3
Currencies are unstable and neither of the parties involved in international trade would want to carry the risk of exchange rate changes.
Minimization of Foreign Exchange Risk
4
seek profits from changes in the general price level of currencies
Speculators
5
seek profits from differences in the prices of currencies in different country markets
Arbitragers
6
to acquire or dispose of their foreign exchange reserves to influence the price at which their own currencies are traded to protect the value of their currency.
Central Banks and Treasuries
7
quoted at specific times, since they may change throughout the day as supply and demand for currencies change.
Exchange Rates
8
the international financial position of a country, including invisible as well as visible trade.
Balance of Payment
9
The difference between receipts and payments is called
Trade Balances
10
payment exceeds receipts
Deficit
11
receipts exceeds payments
Surplus
12
Main task is to promote the growth of world trade by setting rules for the maintenance of fixed exchange rates and by making loans to countries that are experiencing balance-of-payments difficulties.
International Monetary Fund
13
Facilitates the provision of private long-term credit from developed to developing countries for the construction of basic capital projects. (long-term longs to build dams, roads, and other physical capital)
World Bank
14
Involved in swaps and other currency transactions between central banks in the major industrial countries.
Bank for International Settlements
15
Provides financial support to less-developed countries on a more liberal basis than could be offered by the World Bank.
International Development Association
16
Formed in 1988 to encourage investors to invest in developing countries by way of equity investment and other direct investment flows.
Multilateral Investment Guarantee Agency
17
arrangement between banks in different countries to facilitate international financial transactions for each other clients
Correspondent Relationship
18
designed primarily to solicit business for the parent bank and its other affiliates
Representative Office
19
extension of the parent bank, it is used to gain access to local capital or Eurocurrencies
Foreign Branches
20
organization with a specified portion of the voting stock held direct or indirectly by the parent bank.
Subsidiary
21
occurs when several banks from different countries pool their resources to form another bank for international transactions
Consortium Banking
22
Refers to the ownership of banking facilitates in one country by residents of another country.
Multinational Banking Operation
23
Ownership of consumer-oriented banking facilities in one country by residents of another country
Multinational Retail Banking
24
Ownership of businesses or wholesales-oriented banking facilities in one country by residents of another country
Multinational Wholesale Banking
25
Market for money and capital consists of domestic and foreign. Vast, largely unregulated money and capital markets with centers in Europe, Middle East, Asia
Euromarkets
26
Essentially a short-term capital market of money deposited in banks outside the country that issued the money
Eurocurrency Market
27
Are bonds denominated in the domestic currency of the foreign country in which they are sold.
Foreign Bonds
28
dollar bond issued in the American market by a non-U.S. company.
Yankee Bond
29
bond issued in sterling in the UK market by a non-British corporation
Bulldog Bond
30
international bond in yen launched on the Japanese market by a non-Japanese corporation
Samurai Bond
31
bond issued in Japan by a non-Japanese company in a currency which is not yen
Shogun Bond
32
Bonds denominated in one or more currencies other than that of the country in which they are sold
Eurobonds
33
accommodate international commerce
Agency