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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