【視頻中提到的簡答題】

簡答：

第一章：

【問題一】“Consider a country whose assets are not held by other countries as official international reserve assets. If this country has a surplus in its official settlements balance, then the monetary authority of the country is decreasing its holdings of official reserve assets." Do you agree or disagree? Explain

【問題二】You are provided with the following information about a country's international transactions during a given year (in millions):

Service exports $346

Service imports $354

Merchandise exports $480

Merchandise imports $348

Income flows, net $153

Gifts to foreigners $142

Increase in the country’s holding of foreign assets, net $352

(excluding official reserves assets)

Increase in foreign holdings of the country’s assets, net $252

(excluding official reserves assets)

Statistical discrepancy, net credit $154

Calculate the official settlements balance and the current account balance.

Is the country increasing or decreasing its net holdings of official reserve assets? Why?

【問題三】On December 31, a country has the following stocks of international assets and liabilities to foreigners.

(1) The country 's residents own $30 billion of bonds issued by foreign governments.

(2) The country's central bank holds $20 billion of gold and $15 billion of foreign-currency assets as official resere assets.

(3) Foreign firms have invested in production facilities in the country, with the value of their investments currently $40 billion.

(4) Residents of foreign countries own $25 billion of bonds issued by the country's companies

a. What is the value of the country's international investment position? Is the country an international creditor or debtor?

b. If the country during the next year runs a surplus in its current account , What will the impact be on the value of the country's international investment position?

【問題四】What is the current account of a nation with a government budget deficit of $128 billion, private saving of $806 billion, and domestic captial formation of $777 billion?

【問題五】"For a country that has a surplus in its current account and wants to reduce this surplus, one way to do so would be to encourage its people to save more and spend less." Do you agree or disagree that such a shift would reduce the surplus? Explain.

第三章：

【問題一】For each of the cases given below, indicate what the numerical change means, and state whether the euro has appreciated or depreciated.

a. The spot exchange rate changes from 450 euros per Mexican peso to 440 euros per Mexican peso.

b. The spot exchange rate changes from 0.011 Mexican pesos per euro to 0.006 Mexican pesos per euro.

c. The spot exchange rate changes from 1.48 euros per British pound to 1.51 euros per British pound.

d.. The spot exchange rate changes from 0.73 British pounds per euro to 0.75 British pounds per euro.

【問題二】You have access to the following three spot exchange rates:

$0.01/yen

$0.20/krone

25 yen/krone

You start with dollars and want to end up with dollars.

a. How would you engage in arbitrage to profit from these three rates? What is the profit for each dollar used initially?

b. As a result of this arbitrage, what is the pressure on the cross-rate between yen and krone? What must the value of the cross-rate be to eliminate the opportunity for triangular arbitrage?

第五章：

【問題一】Suppose it is widely expected that the U.S. economy will grow faster than the Japanese economy, have higher inflation, have a greater growth in money supply, and have low and declining interest rates. Given these expectations, what do the various approaches to exchange rate predict about the value of the dollar?

【問題二】Suppose in 1992, the average price level in Pacifica was 100, and that in Atlantica was also 100. In the foreign exchange market 1 Pacifica pound was exchanged for 1 Atlantica mark. In 2012, the price level in Pacifica had risen to 280 and the price level in Atlantica had risen to 360.

a.According to the relative PPP theory, what should the pound-mark exchange rate be in 2012?

b.If the actual pound per mark exchange rate is 0.5 pound/mark in 2012, is the mark overvalued or undervalued relative to its PPP value?

【問題三】

（該題圖片放評論區(qū)，這個筆記功能還不太會用QAQ）

【問題四】Why does exchange rate overshooting occur?

第八章：

【問題一】“A recession in the United States is likely to raise the growth of real GDP in Europe." Do you agree or disagree? Why?

【問題二】A country has a marginal propensity to save of 0.15 and a marginal propensity to import of 0.4. Real domestic spending now decreases by $2 billion.

a. According to the spending multiplier ( for a small open economy), by how much will domestic product and income change?

b. What is the change in the country's imports?

c. If this country is large, what effect will this have on foreign product and income? Explain.

d. Will the change in foreign product and income tend to counteract or reinforce the change in the first country's domestic product and income? Explain.

第十章：

【簡答題】

Suppose the U.K. has instituted an expansionary monetary policy to fight unemployment in the economy. The U.K. has a floating exchange rate.

a. If the exchange rate value of the pound remains steady, what are the effects of easy money on British national product and income? What is the effect on the British unemployment rate? Explain.

b. Following the monetary expansion, what is the likely pressure on the exchange rate value of the pound? Explain.

c. What are the implications of the change in the exchange rate value of the pound for British national product and unemployment? Does the exchange rate change tend to reinforce or counteract the expansionary thrust of the British monetary policy? Explain.