国际金融(双语)复习大纲设计

（一）论述、简答、计算题：

1、What is the current account balance of France when the French budget surplus is

348

million Euros, private saving is 256 million Euros, domestic capital formation is 134 million

Euros?

解答：

National saving = private saving + government saving = 256+348=604 million Current account balance = national saving –domestic real investment = 604-134=470 million

附：Current account balance(CA)=net foreign investment(If)

National saving(S)=domestic real investment(Id)+net foreign investment(If)

If=CA=S-Id , CA=Y(domestic production of goods and services)-E(total expenditures on goods and services)

2、Which of the following transactions could contribute to a British current account

surplus?

Explain why

a French firm sells defense equipment to the British government for 250 million pounds in bank deposits

b Great Britain makes a gift of $500 million to the Iraqi government to aid in

reconstruction.

c The Unite

d States borrows 200 million pounds on a short-term basis from th

e British government to buy 200 million pounds in textiles from Great Britain.

C：merchandise exports——current account surplus

A：merchandise imports——current account deficit

B：unilateral transfer——current account deficit

3、You are provided with the following information about a country’s international transactions

during a given year:

Service exports $346

Service imports $354

Merchandise exports $480

Merchandise imports $348

Income flows, net $153

Unilateral transfers, net $142

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

(excluding official reserves assets) $352

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

(excluding official reserve assets) $252

Statistical discrepancy, net $154

a.Calculate the official settlements balance and the current account

balance.

b.Is the country increasing or decreasing its net holdings of official reserve

assets? Why?

A: Current account balance=net credits –net debits on(the flow of goods ,services ,income and unilateral transfer)=（346—354）+（480—348）+153—142 = 135

Financial account balance= foreign holdings of the country’s assets –the country’s holding of foreign assets =—352 + 252 = —100

So, official settlement balance(B)=CA balance + financial account balance= 135 —100=35

B: Current account balance = 132—8+153—142=135

B = CA + FA = 135 + （—100）= 35

B + OR + Statistical discrepancy = 0

OR = —189

Increase in net holdings of official reserve asset