1. \u7de8\u8f2f\u7684\u500b\u4eba\u5b78\u7fd2\u5e73\u53f0\u9996\u9801\u4e0a\u7684\u5716\u7247<\/strong><\/p>\n

 <\/p>\n

2. \u6458\u9304\u570b\u969b\u5e73\u50f9\u7406\u8ad6\u4e00\u5f35 A4 \u91cd\u9ede\uff0c\u4ee5\u53ca\u4f55\u8b02\u661f\u5df4\u514b\u6307\u6578? \u548c\u5927\u9ea5\u514b\u6307\u6578\u6709\u4f55\u512a\u7f3a\u9ede?<\/strong><\/p>\n

(1). \u570b\u969b\u5e73\u50f9\u7406\u8ad6\u91cd\u9ede\u6458\u9304<\/strong><\/p>\n

<\/p>\n

(2). \u661f\u5df4\u514b\u6307\u6578<\/strong><\/p>\n

\u661f\u5df4\u514b\u62ff\u9435\u6307\u6578\uff08Latte Index\uff09\u70ba\u300a\u83ef\u723e\u8857\u65e5\u5831\u300b\uff08Wall Street Journal\uff09\u65bc2017\u5e74\u8abf\u67e5\u5168\u7403\u8fd130\u500b\u5927\u57ce\u5e02\u7684\u661f\u5df4\u514b\u4e2d\u676f\u62ff\u9435\u7684\u552e\u50f9\u8a08\u7b97\u800c\u5f97\uff0c\u53ef\u7528\u65bc\u63cf\u7e6a\u532f\u50f9\u4e0d\u4e00\u81f4\uff08discrepancies\uff09\u7684\u60c5\u6cc1\u3002<\/p>\n

\u76ee\u524d\u661f\u5df4\u514b\u4e2d\u676f\u62ff\u9435\u5728\u53f0\u7063\u8207\u5728\u7f8e\u570b\u7684\u552e\u50f9\uff0c\u5206\u5225\u662f120\u5143\u82072.95\u7f8e\u5143\uff0c\u5957\u7528\u5927\u9ea5\u514b\u6307\u6578\u66fe\u4ecb\u7d39\u7684\u516c\u5f0f\uff0c\u65b0\u53f0\u5e63\u76f8\u5c0d\u65bc\u7f8e\u5143\u88ab\u9ad8\u4f30\u7684\u60c5\u6cc1\u9817\u70ba\u986f\u8457\uff0c\u8207\u5927\u9ea5\u514b\u6307\u6578\u6240\u986f\u793a\u7684\u7d50\u679c\uff0c\u5b8c\u5168\u80cc\u9053\u800c\u99b3\u3002<\/p>\n

(3). \u5927\u9ea5\u514b\u6307\u6578<\/strong><\/p>\n

\u300a\u7d93\u6fdf\u5b78\u4eba\u300b\u65bc1986\u5e74\u9996\u5ea6\u767c\u5e03\u5927\u9ea5\u514b\u6307\u6578\uff0c\u4ee5\u8f15\u9b06\u7c21\u55ae\u7684\u65b9\u5f0f\u4ecb\u7d39\u532f\u7387\u7406\u8ad6\u3002\u85c9\u7531\u6bd4\u8f03\u5404\u570b\u5927\u9ea5\u514b\u6f22\u5821\u7684\u552e\u50f9\uff0c\u9015\u81ea\u8861\u91cf\u67d0\u901a\u8ca8\u76f8\u5c0d\u65bc\u7f8e\u5143\uff0c\u5176\u50f9\u503c\u7a76\u7adf\u662f\u9ad8\u4f30\u6216\u4f4e\u4f30\u3002<\/p>\n

\u8209\u4f8b\u4f86\u8aaa\uff0c\u6839\u64da2021\u5e741\u670812\u65e5\u7d71\u8a08\u7684\u6700\u65b0\u6578\u64da\uff0c\u5927\u9ea5\u514b\u5728\u65e5\u672c\u552e\u50f9\u70ba390\u65e5\u5713\u3001\u5728\u7f8e\u570b\u70ba5.66\u7f8e\u5143\uff0c\u96b1\u542b\u7f8e\u5143\u514c\u65e5\u5713\u532f\u7387\u70ba68.90\uff0c\u4f462021\u5e741\u670812\u65e5\u7684\u5e02\u5834\u5be6\u969b\u532f\u7387\u537b\u70ba104.30\uff0c\u6545\u6839\u64da\u5927\u9ea5\u514b\u6307\u6578\u53ef\u4f30\u7b97\u65e5\u5713\u532f\u50f9\u906d\u4f4e\u4f3033.9%\u3002<\/p>\n

\u5927\u9ea5\u514b\u6307\u6578\u96d6\u4ee5\u8f15\u9b06\u3001\u6709\u8da3\u3001\u6613\u61c2\u7684\u65b9\u5f0f\u4ecb\u7d39\u8cfc\u8cb7\u529b\u5e73\u50f9\uff08Purchasing Power Parity, PPP\uff09\u7406\u8ad6\uff0c\u4f46\u7531\u65bc\u5927\u9ea5\u514b\u4e26\u975e\u8de8\u5883\u8cbf\u6613\u7684\u5546\u54c1\uff0c\u4e14\u5546\u54c1\u7c43\u50c5\u5305\u542b\u4e00\u7a2e\u5546\u54c1\uff1b\u66f4\u91cd\u8981\u7684\u662f\uff0c\u5927\u9ea5\u514b\u7684\u50f9\u683c\u6703\u53d7\u5230\u5404\u570b\u7a05\u8ca0\uff08\u5305\u542b\u95dc\u7a05\uff09\u3001\u5229\u6f64\u7387\u3001\u79df\u91d1\u7b49\u591a\u7a2e\u56e0\u7d20\u5f71\u97ff\uff0c\u751a\u81f3\u65bc\u66ff\u4ee3\u54c1\u7684\u591a\u5be1\u4e5f\u6703\u6709\u5f71\u97ff\uff0c\u56e0\u6b64\u5927\u9ea5\u514b\u6307\u6578\u4e26\u4e0d\u9069\u5408\u7528\u4f86\u8a55\u4f30\u5747\u8861\u532f\u7387\u3002<\/em><\/p>\n

\u5118\u7ba1\u4ee5\u55ae\u4e00\u5546\u54c1\u6307\u6578\u8861\u91cf\u5404\u570b\u532f\u50f9\u662f\u5426\u906d\u9ad8\uff08\u4f4e\uff09\u4f30\u7684\u505a\u6cd5\u4e0d\u5920\u56b4\u8b39\u3001\u4e0d\u540c\u6307\u6578\u7d50\u679c\u5dee\u7570\u751a\u9245\uff0c\u4f46\u4e0d\u53ef\u5426\u8a8d\u7684\u662f\uff0c\u55ae\u4e00\u5546\u54c1\u6307\u6578\u78ba\u5be6\u5177\u6709\u6dfa\u986f\u6613\u61c2\u3001\u5bcc\u8da3\u5473\u6027\u7b49\u512a\u9ede\uff0c\u56e0\u6b64\uff0c\u8fd1\u5e74\u4f86\u5404\u7a2e\u5546\u54c1\u6307\u6578\u4ecd\u5982\u96e8\u5f8c\u6625\u7b4d\u822c\u51fa\u73fe\u3002\u7136\u800c\uff0c\u9808\u8b39\u8a18\u55ae\u4e00\u5546\u54c1\u6307\u6578\u5f9e\u4f86\u4e0d\u662f\u4f5c\u70ba\u532f\u50f9\u8d70\u52e2\u7684\u7cbe\u78ba\u9810\u6e2c\uff0c\u50c5\u662f\u4f7f\u532f\u7387\u7406\u8ad6\u66f4\u5bb9\u6613\u7406\u89e3\u7684\u5de5\u5177\u3002<\/em><\/p>\n

\u2605\u8cc7\u6599\u4f86\u6e901\uff1a\u661f\u5df4\u514b\u6307\u6578\u662f\u4ec0\u9ebc\uff1f<\/p>\n

https:\/\/knowledge.cbc.gov.tw\/front\/knowledge\/984A7E2E-6790-EB11-8143-2C44FD83FB4B<\/a><\/p>\n

\u2605\u8cc7\u6599\u4f86\u6e902\uff1a\u5927\u9ea5\u514b\u6307\u6578\u662f\u4ec0\u9ebc\uff1f\u53c8\u61c9\u8a72\u5982\u4f55\u6b63\u78ba\u89e3\u8b80\u5462\uff1f<\/p>\n

https:\/\/knowledge.cbc.gov.tw\/front\/knowledge\/512FCA07-6690-EB11-8143-2C44FD83FB4B<\/a><\/p>\n

 <\/p>\n

 <\/p>\n

3. \u6709\u4e00\u53f0\u7063\u9032\u53e3\u5546\uff0c\u4f9d\u5408\u7d04\u8981\u5728 6 \u500b\u6708\u5f8c\u5411\u7f8e\u570b\u516c\u53f8\u4ee5 100 \u842c\u7f8e\u5143\u8cfc\u8cb7\u9ec3\u8c46\u3002\u82e5\u5373\u671f\u532f\u7387\u70ba 31.2\uff0c6 \u500b\u6708\u9060\u671f\u532f\u7387\u70ba 31.5\uff0c\u65b0\u53f0\u5e63 6 \u500b\u6708\u671f\u5229\u7387\u70ba 5%\uff0c\u7f8e\u5143 6 \u500b\u6708\u671f\u5229\u7387\u70ba 3%\uff0c\u8acb\u554f\u8a72\u9032\u53e3\u5546:<\/strong><\/p>\n

(1).\u82e5\u7528\u9060\u671f\u5916\u532f\u5e02\u5834\u907f\u96aa\u61c9\u5982\u4f55\u64cd\u4f5c? \u6240\u6709\u7684\u6210\u672c\u70ba\u591a\u5c11? (\u624b\u7e8c\u8cbb 0.05%)<\/strong><\/p>\n

1,000,000*31.5*(1+0.05%)=31,515,750<\/p>\n

\u6240\u4ee5\u8cb7\u9032100\u842c\u7f8e\u5143180\u5929\u5230\u671f\u7684\u9060\u671f\u5951\u7d04\uff0c\u6210\u672c\u70ba31,515,750\u65b0\u53f0\u5e63\u3002<\/p>\n

(2).\u82e5\u7528\u8ca8\u5e63\u5e02\u5834\u907f\u96aa\u61c9\u5982\u4f55\u64cd\u4f5c? \u6210\u672c\u70ba\u4f55? (\u77ed\u671f\u878d\u8cc7\u6210\u672c\u70ba 3%)<\/strong><\/p>\n

\u672a\u4f86\u8981\u652f\u4ed8100\u842c\u7f8e\u5143\uff0c\u6240\u4ee5\u73fe\u5728\u5b58\u7f8e\u5143\uff1a1,000,000\/(1+3%*6\/12)=985,222\u7f8e\u5143<\/p>\n

\u73fe\u5728\u6c92\u6709\u7f8e\u5143\uff0c\u6e96\u5099\u65b0\u53f0\u5e63\u53bb\u8cb7\u7f8e\u5143\uff1a985,222*31.2=30,738,926\u65b0\u53f0\u5e63<\/p>\n

\u624b\u4e0a\u6c92\u6709\u65b0\u53f0\u5e63\u73fe\u91d1\uff0c\u501f\u65b0\u53f0\u5e63\uff0c6\u500b\u6708\u5f8c\u9084\uff1a30,738,926*(1+3%*6\/12)=31,200,009\u65b0\u53f0\u5e63<\/p>\n

\u6240\u4ee5\u4f7f\u7528\u8ca8\u5e63\u5e02\u5834\u907f\u96aa\u7684\u6210\u672c\u70ba31,200,009\u65b0\u53f0\u5e63\u3002<\/p>\n

 <\/p>\n

 <\/p>\n

4. Integrating IRP and IFE<\/strong><\/p>\n

Assume the following information is available for the United States and Europe:<\/strong><\/p>\n

<\/p>\n

a. Does IRP hold?<\/strong><\/p>\n

IRP = ( F \u2013 $1.13 ) \/ $1.13 = ( 4% \u2013 6% ) \/ ( 1 + 6%)<\/p>\n

F = ( 4% \u2013 6% ) \/ ( 1 + 6%) \u00d7 $1.13 + $1.13 = -0.02 \/ 1.06 \u00d7 1.13 +1.13 \u2252 1.109<\/p>\n

F \u2260 1.10\u00a0 \u2234IRP \u4e0d\u6210\u7acb<\/p>\n

b. According to PPP, what is the expected spot rate of the euro in 1 year?<\/strong><\/p>\n

PPP = ( F \u2013 $1.13 ) \/ $1.13 = ( 2% \u2013 5% ) \/ ( 1+5% )<\/p>\n

F = ( 2% \u2013 5% ) \/ ( 1+5% ) \u00d7 $1.13 + $1.13 = -0.03 \/ 1.05 \u00d7 1.13 + 1.13 \u2252 1.098<\/p>\n","protected":false},"excerpt":{"rendered":"

1. \u7de8\u8f2f\u7684\u500b\u4eba\u5b78\u7fd2\u5e73\u53f0\u9996\u9801\u4e0a\u7684\u5716\u7247   2. \u6458\u9304\u570b\u969b\u5e73\u50f9\u7406\u8ad6\u4e00\u5f35 <\/p>\n","protected":false},"author":15,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/edu.secda.info\/scu8123084\/index.php?rest_route=\/wp\/v2\/posts\/961"}],"collection":[{"href":"https:\/\/edu.secda.info\/scu8123084\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/edu.secda.info\/scu8123084\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/edu.secda.info\/scu8123084\/index.php?rest_route=\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/edu.secda.info\/scu8123084\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=961"}],"version-history":[{"count":17,"href":"https:\/\/edu.secda.info\/scu8123084\/index.php?rest_route=\/wp\/v2\/posts\/961\/revisions"}],"predecessor-version":[{"id":963,"href":"https:\/\/edu.secda.info\/scu8123084\/index.php?rest_route=\/wp\/v2\/posts\/961\/revisions\/963"}],"wp:attachment":[{"href":"https:\/\/edu.secda.info\/scu8123084\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=961"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/edu.secda.info\/scu8123084\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=961"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/edu.secda.info\/scu8123084\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=961"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}