CME课后题第24小问:
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问哪个国家的央行最有可能 buy domestic bonds near term to sterilize the impact of money flows on domestic liquidity?答案是country B。答案解释为:.Hot money is flowing out of Country B; thus, Country B’s central bank is the most likely to sell foreign currency (thereby draining domestic liquidity) to limit/avoid depreciation of the domestic currency and buy government securities (thereby providing liquidity) to sterilize the impact on bank reserves and interest rates.
A is incorrect because Country A is not experiencing hot money flows and,
therefore, would not need to sterilize the impact of money flows on domestic
liquidity. C is incorrect because hot money is flowing into Country C; thus, Country C’s
central bank is most likely to sell government securities to limit the growth of
bank reserves and/or maintain a target level of interest rates.
没明白逻辑链条,求通俗白话解释