发布时间 : 星期一 文章国际金融管理的主要词汇更新完毕开始阅读92fb0954178884868762caaedd3383c4ba4cb441
Main Terms in INTERNATIONAL FINANCIAL MANAGEMENT 2017 Chapter 1:Globalization and the Multinational Firm Political risk / Foreign exchange risk /Expanded opportunity set General Agreement on Tariffs and Trade (GATT) Market imperfections
Multinational corporation (MNC)
North American Free Trade Agreement (NAFTA) Shareholder wealth maximization
Chapter 2:International Monetary System International monetary system
Bimetallism / Gold standard /Gresham’s law / Gold-exchange standard Bretton Woods system Currency board
Plaza Accord / Jamaica Agreement / Louvre Accord /Smithsonian Agreement Par value
Price-specie-flow mechanism “Tobin tax” / Triffin paradox Managed-float system
Special drawing rights (SDRs)
Chapter 3:Balance of Payments Balance of payments
Balance-of-payments identity (BOPI) Current account / Capital account
Merchandise trade /Services trade / Invisible trade/ Unilateral transfer Foreign direct investment (FDI)/ Portfolio investment J-curve effect
Official reserve account /Official reserve assets Trade balance
Chapter 5:The Market for Foreign Exchange American terms /European terms Spot market/ Spot rate
Ask price / Bid price /Cross-exchange rate Currency against currency
Direct quotation /Indirect quotation Foreign exchange (FX or FOREX) market Forward market / Forward rate Forward premium/discount Outright forward transaction Over-the-counter (OTC) market Swap transaction Triangular arbitrage
Chapter 6: International Parity Relationships
Arbitrage / Arbitrage portfolio
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Covered interest arbitrage Fisher effect
Forward expectations parity Interest rate parity
International Fisher Effect
Law of one price/ Purchasing power parity Nontradables
Real exchange rate
Uncovered interest rate Parity
Chapter 7: Futures and Options on Foreign Exchange Futures
Standardized /Contract size /Maturity date /Delivery month Initial margin /Maintenance margin Marked-to-market/ Settled-up Settlement price Long/Short Zero-sum game
Speculator / Hedger Open interest Exchange-traded Option
At-the-money / In-the-money /Out-of-the-money Call/Put
Exercise price/ Striking price Writer Premium
American option / European option Intrinsic value
Operating exposure / Transaction exposure /Translation exposure
Chapter 11: International Banking and Money Market
Correspondent bank relationship Debt-for-equity swap
Eurocommercial paper/Eurocredit /Eurocurrency/Euronote Foreign branch bank
Forward rate agreement (FRA)
London Interbank Offered Rate (LIBOR) Offshore banking center Representative office Subsidiary bank Syndicate
Chapter 12: International Bond Market
Primary market/Secondary market
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Registered bond / Bearer bond Bond with equity warrants Broker/ Market makers Convertible bond /Dual-currency bond /Equity-related bond /Floating-rate note (FRN) Foreign bond / Eurobond/Global bond
Straight fixed-rate bond /Stripped bond / Zero-coupon bond
Chapter 16: Foreign Direct Investment and Cross-border Acquisitions Country risk
Cross-border mergers and acquisitions Foreign direct investments (FDI) Greenfield investment Intangible assets Political risk
Product life-cycle theory
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