3.6. PIIGS
유로존(유로화 사용 16개국)에 속한 남유럽 5개국 즉 포르투갈(Portugal)·이탈리아(Italy)·아일랜드(Ireland)·그리스(Greece)·스페인(Spain)을 가리키는 말로, 각 국가의 머리글자를 따서 만들었다.원래 1997년부터 PIGS라 하여 포르투갈·이탈리아·그리스·스페인을 가리키는 용어로 사용되었는데, 이들
I. Introduction of currency wars
War using the exchange rate policy has been sustainable like Europe’s exchange rate policy in the early 20th century and Japan’s exchange rate policy after World War II. Recently, Economic purposes such as restoring slowdown of economy due to financial crisis and recovery of trade deficit are combined with political purpose and retaliatory currency manipul
Determination of Won/USD Exchange Rate With Respect to Global Oil Price Change
To see the relationship between exchange rate and oil price, we use econometrical methodology, multiple regression. Our regression model is this:
s_t=β_1+β_2 (m_t-m_t^* )+β_3 (y_t-y_t^* )+β_4 〖lroil〗_t+u_t
*Explanation about explanatory variable
s_t : Nominal exchange rate (USD/Won)
m_t-m_t^*
and pronounced
for both puts and calls
(3) Increasing the risk-free rate has a positive impact on call values and a negative impact on put values
(4) For both puts and calls, increasing the time to expiration has a positive effect on option value. An option is therefore a wasting asset: its value declines as time goes by, all held constant
rategies>
- To selectively expand its channels of distribution in important markets around the world without compromising the value of the TIFFANY&CO. trademark;
- To provide superior customer service;
- To maintain an active product development program;
- To increase its control over product supply through direct diamond sourcing and internal jewelry manufacturing;
- To achiev
rate)라고 함
ㅇ선물환과 현물환 또는 선물환간 반대매매를 행하는 외환스왑에 대비하여 단순히 선물환만을 매매하는 것을 일반선물환(outright forward)라고 함
ㅇ외환스왑시장이 발달해 있는 경우 일반선물환의 선물환율은 현물환율에 외환스왑시장에서 결정되는 스왑포인트를 가감해서 구할
- The directors voted to establish a subsidiary in Thailand
- Its initial estimates = 550 million Thai Baht(TB)
= $ 12.65 million (∵ spot rate = $0.023/TB)
- Now Blades has $2.65 million available
- The remaining $10 million (=TB434,782,609) should be obtained from other sources
- CFO prefers 'debt' to equity financing to raise the funds since Blades is a
1964년 이후 1980년 2월까지 우리나라 환율제도는 단일변동환율제도이었지만 1974년 12월 이후에는 원화의 가치를 미국 달러화에 고정시켜 평가하는 사실상 달러연동환율제도이었다. 이러한 제도는 우리나라 대외무역에서 미국이 차지하는 비중이 크며, 당국이 환율을 수출촉진 정책수단으로 여겨왔기 때