《金融英语阅读》为已完成大学基础英语阶段的学习并且拥有一定金融专业知识的金融专业本科生所编写,建议大学三、四年级的学生使用;其他证券、保险、银行等金融行业的专业人员或有志从事该行业的人员也将从《金融英语阅读》中获益;准备考金融英语证书的朋友们也可以从本教材中获得帮助。
《金融英语阅读》共15章,按照金融基本概念、金融产品、金融机构、金融市场以及有关金融的社会话题的顺序来编排,以呈现内容的递进。
《金融英语阅读》每一章阅读内容都含有一篇正文阅读和一篇补充阅读文章。补充阅读部分和正文阅读内容相得益彰,是正文内容的拓展,在知识深度上会稍深一些。每一章都含有生词部分、专业术语部分、金融背景知识的介绍部分和习题部分,其中习题部分中有与金融相关的视频或电影推介,以期读者对相关的专业金融英语知识的把握更加生动和形象。《金融英语阅读》的最后是三个重要的附录,分别是生词、专业术语和背景知识。《金融英语阅读》在编排上有一些小的设计元素,包括插图、人生箴言,以及每章习题后的一段金融行业小幽默等。这些设计可以让使用《金融英语阅读》的读者感到轻松、有趣。
Chapter One
What is Finance?
Supplementary Reading: Public Finance
Chapter Two
Stock
Supplementary Reading: The Dot-com Bubble
Chapter Three
Bond
Supplementary Reading: Junk Bonds: Everything You Need To Know
Chapter Four
Foreign Exchange and Exchange Rate
Supplementary Reading: Currency War of 2009-11
Chapter Five
Central Bank
Supplementary Reading: The Federal Reserve
Chapter Six
Commercial Bank
Supplementary Reading: Bank Run
Chapter Seven
Investment Bank
Supplementary Reading: Morgan Stanley
Chapter Eight
Financial Market
Supplementary Reading: Capital Market
Chapter Nine
Stock Exchange
Supplementary Reading: New York Stock Exchange
Chapter Ten
Offshore Financial Center
Supplementary Reading: The Truth about Tax Havens
Chapter Eleven
1997 Asian Financial Crisis
Supplementary Reading: Ten Years After: The Lasting Impact of the Asian
Financial Crisis
Chapter Twelve
The Collapse of Barings Bank
Supplementary Reading: Nick Leeson
Chapter Thirteen
Subprime Mortgage Crisis
Supplementary Reading: The Federal Reserve's Response to
the Financial Turmoil
Chapter Fourteen
One Market, One Money, One Price?
Supplementary Reading: The History ofthe Euro
Chapter Fifteen
Five Myths about the Chinese Economy
Supplementary Reading: What are the prospects for China's Economy?
Appendix I Glossary
Appendix II Ternunology
Appendix IIIBackground Knowledge
《金融英语阅读》:
In October 2010, finance ministers congregated in Washington, D.C. for the 2010 annual IMF and World Bank meetings, which were expected to be dominated by talks of currency war. Just prior to the IMF meeting, the Institute of International Finance had called for leading countries to agree on a currency pact to aid the rebalancing of the world economy and to avert the threat of competitive devaluation. The meeting was held amid warnings that weaker exchange rates risk hurting the global economy, which was already wlnerable due to the financial crisis. There were concerns about tit-for-tat protectionism at a time when the increase rate of global economy growth was already slowing.
Canadian finance minister, Jim Flaherty said "This is a crucial time that we need to address the commitment of our leaders to free trade, that we avoid protectionist measures." His US counterpart, Timothy Geithner added that "global rebalancing is not progressing as well as needed to avoid threats to the global economic recovery." Various international finance ministers said the IMF should help abating the possibility of a currency war by encouraging initiatives to expand national economies without hurting that of other countries.
The IMF, in turn, urged most developed countries to boost exports, and for some emerging markets to enhance domestic consumption and to let their currencies appreciate. Dominique Strauss-Kahn said the IMF would highlight the linkages between economies as part of a "systemic stability initiative." Its steering committee added that it should work on capital flows, exchange rate movements and the accumulation of capital reserves. Strauss-Kahn also said "There is clearly the idea beginning to circulate that currencies can be used as a policy weapon ... Translated into action, such an idea would represent a very serious risk to the global recovery ... Any such approach would have a negative and very damaging long run impact." Australia's federal treasurer, Wayne Swan played down rumors of a currency war saying global financial ministers were working in a coordinated way to deal with "exchange rate reform." However, the opposition's finance minister, Andrew Robb, warned that with some countries deliberately devaluing their currencies other countries may retaliate thus causing a "trade war', and he urged Swann to alert "all of these other major countries to the very damaging implications of a currency war."
During the IMF meeting, there was disagreement based on conflicting views about how to sustain a recovery from the global recession. Countries led by the United States preferred flexible exchange rates, while others led by China, resisted calls to appreciate their currency. The IMF meeting in Washington, D.C. was inconclusive, as China rejected calls to allow rapid appreciation of its currency.
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