With individual currency devaluation not an option, the only way these countries can adjust as exports fall is for imports to fall even faster through a contraction in domestic demand. 由于没有本国货币可以贬值,这些国家应对出口下滑的唯一途径就是收缩本地需求,让进口下降得更加迅猛。
The Philippines, where growth has remained strong, will have one eye on its high rate of credit growth, while recent currency weakness in oil-exporting Malaysia makes lower rates a less attractive option, even as the economy slows. 增长保持强劲的菲律宾将会密切关注其信贷的高速增长。对于石油出口国马来西亚来说,即便经济放缓,该国货币近期的疲软也降低了降息的吸引力。
The core idea is to offer exiting countries the status of associated member, allowing them to adopt their own currency temporarily with the option to return to the euro at a later stage. 开放式货币联盟的核心构想是给予退出国欧元区非正式成员国资格,允许这些国家短期内使用本国货币,同时赋予其在一段时间之后重返欧元区的选择权。
And we believe that we are the bank in the world that is doing the most currency option business. 我们相信,我们银行是世界上货币期权做得最多的一家。
Xinhua also called for the US to make substantial cuts to its gigantic military expenditure and bloated social welfare costs and said a new, stable and secured global reserve currency may also be an option to avert a catastrophe caused by any single country. 新华社的文章还呼吁美国大幅削减庞大的军费和社会福利开支,并称一种稳定且安全的新全球储备货币,或许也可用来避免任何单一国家带来的灾难。
Even if the Swiss move could trigger a currency war, the SNB had little option but to act, decisively and radically. 即便此举可能引发一场货币战争,瑞士央行也别无选择,只能果断地采取这样激进的行动。
First of all, what is a currency option anyway, what are we talking about? 首先,我们谈的货币期权到底是什么呢?
Was the currency board a good option? 货币发行局是一个好的选择吗?
An option which provides the right to buy a currency and sell the base currency is a call option. 买方期权是指期权买方有权买进一种货币,卖出另一基准货币。
Euro members resorted to unorthodox measures and innovative thinking to contain the financial crisis, while stressing very clearly that letting the currency fail was not, and would never be, an option. 欧元区成员国诉诸非常规举措和创新思维,以遏制金融危机,同时信誓旦旦地表示,不管现在还是以后,都决不会任由欧元走向失败。
However, Mr Chan continued, remaining pegged to the currency at the heart of the global monetary system remains the best option for Hong Kong and the government has "no intention" of changing things. 不过,陈德霖继而表示,继续与处于全球货币体系核心的货币挂钩,仍然是香港的最佳选择,政府“无意”做出改变。
Under the currency option, the customer pays a premium to the bank. 如果要取得期权,客户得向银行支付一笔保证金。
Structured deposits of foreign currency are of option features, which make profits of the deposits uncertain. 外汇结构性存款具有期权特征,使存款收益变得不确定。
Valuing and Innovating of Bear Market Reset Put Options Linked to Foreign Currency Pricing of Innovative Reset Put Option under Stochastic Interest Rates 重设型熊市汇率连动股票卖权的创新与定价研究随机利率下重设型卖权的定价
Chapter 6 is devoted to the discussion about disclosure of foreign currency option, including purpose and principle of disclosure, disclosure of information both in and out of financial statement. 第6章,就外汇期权的披露问题进行探讨,包括外汇期权披露的目的、原则、表内信息列报和表外信息披露。
In the first part, we firstly introduce the conception of foreign currency option and the development of its market ( Chapter one). 在第一部分里,首先介绍了外汇期权的概念及其市场发展状况(第一章);
In this paper, assume that interest is stochastic, using martingale method, we deal with pricing formula of European contingent claim on foreign currency, and obtain price of European call and put option. 在随机利率情形下,利用鞅方法给出外汇欧式未定权益定价公式,得到了欧式看涨期权和看跌期权价格解析表达式及平价关系;
How to Apply the Foreign Currency Option Transaction for Foreign-oriented Enterprises 外向型企业如何运用外汇期权交易
Study on Accounting Issues of Foreign Currency Option 外汇期权会计问题研究
Taking into account the special function of the bank credibility in Chinese currency, this paper calculates the index of Chinese currency position based on the estimate of the option weight via VAR model. 考虑到银行信用对中国货币政策实施的特殊作用,本文基于VAR模型对权重的估计,计算了中国货币状况指数;
In addition, the price evolution of foreign currency option when interest rate and exchange rate and their volatility move, is examined. 此外,定性分析了短期利率、汇率及其波动率变化对期权价格的影响。
Furthermore, in the case that the stochastic interest rates are allowed, the pricing formulas of bond options and currency options can be further given by the model. The conclusion shows that stochastic volatility plays an important role in option pricing. 在允许随机利率情况下,应用该模型进一步给出了债券期权和外汇期权的定价公式,结果表明它对期权定价有重要作用。
Analysis of Mathematical Model about the Pricing of Foreign Currency Option 外汇期权定价的数学模型分析
Volatility Measure of Foreign Currency and Analysis of Currency Option Linked Deposits 汇率波动的度量与个人外汇期权产品研究
Derivative is a successful example of innovation in international financial markets in the 20th. Because of its specific characteristics, foreign currency option makes a violent impact on accounting theory and brings vitality for the development of accounting theory. 外汇期权是20世纪国际金融市场创新实践的一个成功典范,由于其自身的特殊性,在给会计理论带来巨大冲击的同时,也给会计理论的发展注入了勃勃生机。
Foreign Currency Option Pricing under Jump Diffusion Processes 带跳过程的外汇期权定价
Chapter 4 discusses the issues of measurement, and expounds the viewpoint that foreign currency option should be measured at different measurement attribute on the basis of classification, and presents the accounting method of foreign currency option investment. 第4章,探讨了外汇期权的计量问题,提出了外汇期权应在分类基础上采用不同计量属性计量的观点,并给出了外汇期权投资的会计处理程序。
Chapter 2 introduces financial knowledge of foreign currency option, including basic concept, trading profit and loss at maturity date, pricing, application, and trading risk. 第2章,系统地介绍了外汇期权相关的金融方面知识,包括外汇期权的基本概念、外汇期权交易的到期日损益分析、外汇期权定价、外汇期权的应用及外汇期权交易的风险等内容。
About foreign currency contingent claims and European foreign currency, we give their pricing formulas. We then give the pricing formulas of European foreign currency Option under Multi-noise. 关于欧式外汇未定权益,欧式外汇期权以及多噪声情形下欧式外汇期权给出了它们的定价公式。
As a result of the correlation coefficient estimated in the second model is out of distortion, so the first model is more suitable for the Chinese short-term exchange rate market. Finally, we study the foreign currency option pricing about the two above-mentioned models. 由于第二种模型估计出的人民币和美元的相关系数失真,从而第一种模型更适合我国的短期汇率市场。最后,我们研究两种模型下的外汇期权定价。