作者：David A. Moss
出版社：Harvard Business Review Press
Increased foreign demand for a country’s goods and services will likely bolster both the country’s current account balance and its currency, whereas increased foreign demand for a country’s financial assets will likely cause the country’s currency to appreciate even as its current account deteriorates.
P132 / 2021-07-25 17:40
Only by understanding the baseline relationships can you begin to recognize departures from the rule and, most important, begin to formulate reasoned explanations for what might be driving them.
P66 / 2021-07-23 12:42
P37 / 2021-07-21 22:00
The interest rate can be thought of as the price of holding money or, alternatively, as the cost of investment funds.
P34 / 2021-07-21 21:59
When interest rates rise, money obviously becomes more expensive, both for individuals and for firms, and thus the cost of buying things today (relative to tomorrow or next year) goes up. In part for these reasons, rising interest rates tend to slow the growth of output in the economy (by slowing current consumption and investment), whereas falling interest rates tend to accelerate the growth of output (by stimulating current consumption and investment).
P35 / 2021-07-21 21:59
Economists often point to three basic sources of economic growth: increases in labor, increases in capital, and increases in the efficiency with which these two factors are used
P19 / 2021-07-18 11:39
When a country exports more than it imports, it inevitably lends an equivalent amount of funds abroad, which allows the foreigners to purchase its surplus production. Conversely, when a country imports more than it exports, it must borrow from foreigners to finance the difference. By borrowing, it is promising to pay back the difference — typically with interest — at some point in the future.
P12 / 2021-07-15 22:46