单选题What was the impact of the currency crisis that broke out in Thailand in 1997?AEmerging markets had no confidence in their economic growth.BForeign capital continued to flow into emerging markets at a slower rate.CInternational investors profited a lot from emerging markets.DThere was a sudden outflow of foreign capital from emerging markets.
单选题
What was the impact of the currency crisis that broke out in Thailand in 1997?
A
Emerging markets had no confidence in their economic growth.
B
Foreign capital continued to flow into emerging markets at a slower rate.
C
International investors profited a lot from emerging markets.
D
There was a sudden outflow of foreign capital from emerging markets.
参考解析
解析：
根据录音可知，1997年泰国的货币危机爆发，国际投资者失去了对新兴市场的信心，以至于外资，特别是银行贷款和间接投资突然放弃了这些市场(foreign capital, particularly bank loans and portfolio investment, abruptly ran out of these markets)，由此可知影响就是外资突然从新兴市场流出。
根据录音可知，1997年泰国的货币危机爆发，国际投资者失去了对新兴市场的信心，以至于外资，特别是银行贷款和间接投资突然放弃了这些市场(foreign capital, particularly bank loans and portfolio investment, abruptly ran out of these markets)，由此可知影响就是外资突然从新兴市场流出。
相关考题：
6 The explosive growth of investing and raising capital in the global markets has put new emphasis on the developmentof international accounting, auditing and ethical standards. The International Federation of Accountants (IFAC) hasbeen at the forefront of the development of the worldwide accountancy profession through its activities in ethics,auditing and education.Required:Explain the developments in each of the following areas and indicate how they affect Chartered CertifiedAccountants:(a) IFAC’s ‘Code of Ethics for Professional Accountants’; (5 marks)
Foreign exchange markets are electronic communication systems that (56) major financial centers throughout the world. Exchange rates are determined (57) supply and demand relationships, relative interest rate levels, relative (58) of inflation, political risk, and economic risk. Alternatives (59) affecting settlement of purchase and sales claims were explored (60) with the instruments available to exporters and importers for financing their international activities.(41)A．focusB．liaisonC．connectD．associate
What gives rise to the bankers' acceptances?A．The money markets.B．The banks.C．The international trade.D．The buying and selling of goods.
对话理解听力原文：M: Can I open a foreign currency account and convert my money into a currency which offers the highest interest?W: Yes, we can arrange that for you, but foreign currency exchange rates are subject to fluctuation and sometimes you will suffer losses.Q: What does the woman mean?(11)A．Interest rate of a foreign currency is much higher.B．There are risks of losing money sometimes to open a foreign currency account.C．Foreign currencies exchange rates are relatively stable.D．It is advisable to open a foreign currency account.
Investors in deep and liquid markets face immense risk that they will not be able to sell their securities when they want to.A．RightB．WrongC．Doesn't say
听力原文：The foreign exchange market operates much like other financial markets, but isn't located in a specific place like a stock exchange.(9)A．The foreign exchange market operates like other financial markets in every respect.B．The foreign exchange market has a specific place like a stock exchange.C．There's no physical market place such as stock exchanges for the foreign exchange transactions.D．The foreign exchange market operates quite differently since the former has no physical market place.
资料：Children back at school, nights slowly starting to draw in and the weather more changeable. The seasons are turning and after an eerily calm summer for financial markets, there's a whiff of uncertainty in the air. Bond yields are up from their lows, and the relentless migration of global capital towards any asset, anywhere, with some yield, is slowing.The concern is the growing awareness of central banks' waning ability to boost growth with ever-lower interest rates and ever-bigger purchases of assets. The debate about if, when and how slowly the US Federal Reserve will raise interest drags on, but if downward pressure on global bond yields from the European Central Bank （ECB） and the Bank of Japan's （BOJ） largesse is drawing to a close, that's a bigger milestone for markets. A world of higher bond yields is one where the pressure to seek yield in exotic places is diminished. It's also a world where the capital gains that accompanied falling yields become capital losses and investors question the merit of bonds over cash （or equities）.This search for yield in exotic places has, since the end of January, helped the Brazilian real gain more than 20% against the US dollar, with the Russian rouble managing almost as much. The dollar, itself, has fallen back is by 7.5% fall in trade-weighted terms, unwinding nearly 40% of the gains it has seen since mind-2014. There's no need to panic about bond yields rising, because rate rises in Japan or the Eurozone are years away and the Fed's still tinkering. But 10-year yields on both German and Japanese government bond yields fell below zero for the first time in late June. They have been edging higher through the summer. It's almost as if investors really aren't that keen on tying money up at negative yields for that long – why not stick to cash?In the US, estimates of "neutral" real interest rates are tumbling to around zero. Estimates of how much slack there is left in the labour market are being revised up and after five years when productivity growth has averaged a measly 0.5%, there's widespread acceptance that it's unlikely to accelerate by magic. But even if we take all of this into account, markets are now pricing in an extraordinarily slow pace of rate hikes by the Fed – from their current 0.25-0.5% range, to about 0.75% by the end of 2017 and to 1% by the end of 2018.GDP growth still oscillates around 2%, the Fed's favoured measure of inflation is at 1.6% and the unemployment rate is trending lower. The pricing of the future path of short term rates seems too low even for the "new normal" economic environment. All of these currencies have gained against the pound and I can't see that changing. Too much importance should not be placed on either the collapse in confidence immediately after the vote to leave the EU or the subsequent bounce.The economic impact of leaving the EU will be felt through delayed investment decisions as a result of uncertainty about when and on what terms it happens. A debilitating rather than a corrosive impact on the economy will be seen in slower, but positive growth. It will also be felt in further （slower） sterling weakness. The Bank of England has already cut policy rates from 0.5% to 0.25%, and there's more to come from both the Bank and the pound over the next year. A 5% fall from here would take the pound close to €1.1, and we could see it fall below $1.25 as the Federal Reserve edges rates higher.According to the the passage which of the followings is Not true?A.In recent years central banks adopt the method of lower interest rates and asset purchases to promote economic growth but now such ability of central banks have become increasingly weakerB.Investors doubt that the yields will decline, because the bond prices of financial market are fallingC.In the first half of this year global financial markets are as changeable as the weather changesD.The 10-year yields German and Japanese government bond have been moving up slowly through the summer
$30 billion might seem a lot of money,but it′s a mere _____________ in terms of what global capital markets can doabsorb.A.almsB.pittanceC.hearsayD.belongings
Information about the current foreign markets （） very important to our company.AisBwasCareDwere
请翻译如下一段话： The liberalization of international service trade means the process during which a certain government drops off the governmental administrative intervenes in the flow of Person/Capital/goods/ information among countries that is about service or service-related, and deregulates the foreign trade through legislation and international agreements.
Information about the current foreign markets （） very important to our company.A、isB、wasC、areD、were
单选题China and Russia’s speeches ______.Agave the attendants a chance to see the rise of emerging economies out of the crisisBproved that the economic crisis is truly globalCbrought hope to the plummeting world economyDgave the world a template of walking out of the crisis
单选题Which of the following is true?AMany immigrants claim much more benefits than the locals.BAll research findings show that the competition from unskilled immigrants depresses the wages of unskilled locals.CMigrants into rich countries tend to send cash back to their families and have become a drain on the public purse.DDiasporas help rich countries establish business ties with emerging markets in their home countries.
单选题According to the passage, what are characterized by their less centralized trades negotiated between dealers?Asecondary markets.Bover-the-counter markets.Cauction markets.
单选题Information about the current foreign markets （） very important to our company.AisBwasCareDwere
单选题What happened to many East Asian countries in 1999?AThey adopted a number of expansionary policies.BThere was remarkable progress of structural reforms.CThey were still hard-hit by the 1997 currency crisis.DThey still received little foreign direct investment.
问答题Practice 7 While there are a few different conceptualizations of globalization, researchers seem to be in agreement that there are at least three dimensions of globalization: economic, political and cultural. The economic aspects of globalization stem from the spread of the capitalist world economy and the resulting expansion of goods and services. The need for cheap raw materials, cheap labor and new markets saw the expansion of the capitalist world economy from one that was primarily Eurocentric to one that encompassed the entire world. This process was achieved by various means and often involved overcoming political resistances in the new markets. The political aspects of globalization involved establishing control over markets and raw materials through either the use of direct military power or the establishment of international institutions that control such markets. The rise of the nation-state is an example of the political aspect of globalization, although it is argued that advances in telecommunications and information systems and the resulting constructions of institutions that transience territorial boundaries are making the nation-state obsolete.
问答题Q2: How important is an understanding of business culture in other countries for success in foreign markets? (Why?/Why not?)
单选题The war broke out in the outskirt of the capital of the country.Asurrounding regions Bstock yardsCmanufacturing districtsDbackstreets
单选题What happened to China in 1998?AThere was a significant economic downturn.BIt began to be affected by the crisis-hit economies.CIt enjoyed greater trade and capital flows.DIt still realized nearly 7 percent of economic growth.
单选题According to the passage, what are characterized by their centrally executed bids?Aauction markets.Bover-the-counter markets.Cprimary markets.
问答题Discuss, and decide together: ● What measures are most effective for identifying new export markets? ● How to maintain sales in export markets?
问答题Practice 5 “The US governs the international system to protect its own economy. It is not in charge of protecting other economies.” Soros says. “So when America goes into recession, you have anti- recessionary (反衰退的) policies. When other countries are in recession, they don’t have the ability to engage in anti-recessionary policies because they can’t have a permissive monetary policy. because money would flee.” In person, he has the air of a philosophy professor rather than a gimlet-eyed (目光敏锐的) financier. In a soft voice which bears the faces of his native Hungary. he argues that it is time to rewrite the so-called Washington consensus—the cocktail of liberalization, privatization and fiscal rectitude which the IMF has been preaching for 15 years. Developing countries no longer have the freedom to run their own economies, he argues, even when they follow perfectly sound policies. He cites Brazil, which although it has a floating currency and manageable public debt was paying ten times over the odds to borrow from capital markets. Soros credits the anti-globalization movement for having made companies more sensitive to their wider responsibilities. “I think [the protesters] have made an important contribution by making people aware of the flaws of the system,” he says. “People on the street had an impact on public opinion and corporations which sell to the public responded to that.” Because the IMF has abandoned billion dollar bailouts(紧急融资)for troubled economies, he thinks a repeat of the Asian crisis is unlikely. The fund ‘s new “tough love” policy—for which Argentina is the guinea pig——has other consequences. The bailouts were a welfare system for Wall Street, with western taxpayers rescuing the banks from the consequences of unwise lending to emerging economies. Now the IMF has drawn a line in the sand, credit to poor countries is drying up. “It has created a new problem-the inadequacy of the flow of capital from center to the periphery(外围),” he says.
问答题Passage 7U. S consumer prices climbed faster than expected in May, further fanning investor fears over inflation. Stock markets around the world have cracked sharply lower the past few weeks, with the Dow Jones Industrial Average losing all the ground it had gained so far this year. Japan’s stock market is down 11% on the year; gold has had its biggest slide in a decade and a half; and many emerging markets are wobbling. After Wednesday’s Consumer Price Index report from the Labor Department, which showed a 0.4 percent increase in prices for May (core inflation, which excludes food and energy, rose 0.3 percent), the stock market made a comeback. But with future interest rate hikes now starting to be priced into the market, investor fears that central bankers around the world will go overboard and continue to drive rates higher is set to further spook markets. This is no trading correction that investors have to absorb. The real risk of a jarring bear market has emerged. But while the trauma that inflation created for investors in the 1970s is still close to the surface, the sudden frenzy is misplaced. Powerful forces in the world economy continue to keep prices largely in check. Over the past decade, inflation has been a minor threat compared with brutal deflationary shocks. They started with the collapse of the Mexican peso in the mid-1990s. In 1997, much of eastern Asia’s flourishing economy was leveled. Next were Russia, Turkey and Argentina; Brazil teetered on the brink. By early 2001, Silicon Valley, the pride of the U. S. economy, was crashing, while entire sectors of the so-called New Economy disintegrated. The tech wreck may be over, but it has left a legacy of low prices. Tech companies had to dump on the market everything from fiberoptic networks to computer chips, as desperate investors struggled to raise cash. That slashed telecommunication costs at the very moment that emerging markets were producing a skilled and hungry generation of information workers. Result? The offshore outsourcing revolution and downward pressure on global production costs that keeps inflation under control. Equally powerful are the ultra-low-cost emerging-market manufacturing bases, led by China. With more than 1 billion people set to enter the urban labor markets of China, India, Brazil and Indonesia in the next 20 years, all those pressures on prices will only intensify. More immediate forces are also at work to keep prices from surging. Despite some wishful thinking, growth in Europe is slowing, not accelerating. A large part of U. S. growth has been driven by booming real estate prices. But in the past two years, the Fed has increased rates 16 times, so real estate-driven consumption is yesterday’s news. Tomorrow’s story will be the sharp fall in U. S. growth as consumers face higher mortgage costs. That dynamic could become particularly nasty, given the record level of U. S. household debt, government deficit and unequaled current-account shortfall. Investors are often caught flat-footed when markets slide. In 2001-02, deflation was the fear of the day, but few investors at the time saw the opportunity in commodities, which were going for a fraction of today’s prices. Today investors are obsessed with inflation, while government and top- tier corporate bonds are shunned. That should be telling us something. What is it? In the past few years, the central banks of Japan, the U. S. and Europe have cut interest rates so aggressively that the real cost of borrowing fell to, effectively, below zero. That spurred extraordinary amounts of debt financing by governments and corporations. But now, as the global credit cycle tightens, some of the marginal investments will quickly become unsustainable. If central bankers keep raising interest rates, deeper cracks would open in the world economy. What is really troubling markets is not inflation. It is the fear that central banks may have tightened too much, and will tighten further. If that happens, the recent market shock would be merely the precursor to a still more dramatic quake. 1. What is the situation of the world financial markets recently? What is the situation expected to be in the near future? 2. What does the author mean by “the tech wreck may be over, but it has left a legacy of low prices”? (Para.4) 3. What is the relationship between real estate market and economic growth in US in the past and in the near future? 4. According to the author, what are the “powerful forces” that can keep inflation “largely in check”?
问答题请翻译如下一段话： The liberalization of international service trade means the process during which a certain government drops off the governmental administrative intervenes in the flow of Person/Capital/goods/ information among countries that is about service or service-related, and deregulates the foreign trade through legislation and international agreements.
单选题$30 billion might seem a lot of money, but it's a mere____ in terms of what global capital markets can do absorb.AalmsBpittanceChearsayDbelongings
单选题The current crisis should ______ as a warning not to be overconfident in the markets.Afunction Bserve Cregard Dintend