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蓝阿白 · 2021年03月11日

请帮助解释

B is correct. Kumar’s second point regarding Danish bonds is incorrect. When two currencies are pegged or linked, the bond yields of the country with the weaker currency are likely to rise higher unless the market is confident that the government will maintain the peg. C is incorrect because Kumar’s first point regarding Chilean bonds is a true statement. If a country’s exchange rate is severely undervalued and is expected to rise substantially against another country’s, then bond yields in the first country will be lower than they would otherwise be in relation to the other country. Since Chile’s exchange rate relative to Great Britain’s is undervalued, we would expect the Chilean bond yields to be lower than they should be as compared to the yields on the British bonds. A is incorrect because Kumar’s third point with respect to Singapore and Sweden is a true statement. Although real yields can vary, they can and do tend to move together. Because the Chilean peso appears to be undervalued relative to the British pound and is likely to rise, Chilean bond yields may be lower than they should be relative to British bonds. The peg linking Denmark’s currency to the euro is considered to be at risk and likely to break. Therefore, Danish bond yields are expected to drop if the Danish krone weakens relative to the euro. After removing expected inflation, the real bond yield is likely to be similar in Singapore and Sweden.
2 个答案

源_品职助教 · 2021年03月12日

嗨,从没放弃的小努力你好:


请上传一下题目的截图(如果评论里不能上传,可以再问一次上传图片),我们对着题目来看看

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虽然现在很辛苦,但努力过的感觉真的很好,加油!

源_品职助教 · 2021年03月12日

嗨,努力学习的PZer你好:


同学请你提供下题目出处,看着题目,才好给你解答。如果你仅仅是要翻译,可以参考下面:

B是正确的。库马尔关于丹麦债券的第二点是错误的。当两种货币挂钩时,货币较弱的国家的债券收益率可能会上升,除非市场相信政府将维持挂钩。C是不正确的,因为库马尔关于智利债券的第一点是真实的。如果一个国家的汇率被严重低估,并且预期对另一个国家的汇率将大幅上升,那么第一个国家的债券收益率将低于它们相对于另一个国家的收益率。由于智利相对于英国的汇率被低估,我们可以预期智利债券的收益率相对于英国债券的收益率会低于应有的水平。A是不正确的,因为库马尔关于新加坡和瑞典的第三点是对的。尽管实际收益率可能不同,但它们可能确实倾向于一起波动。由于智利比索相对于英镑似乎被低估了,而且很可能会上升,智利债券相对于英国债券的收益率可能低于应有的水平。将丹麦货币与欧元挂钩的汇率机制被认为存在风险,可能会破裂。因此,如果丹麦克朗相对于欧元走弱,预计丹麦债券收益率将下降。在剔除预期通胀后,新加坡和瑞典的实际债券收益率很可能接近。

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努力的时光都是限量版,加油!

蓝阿白 · 2021年03月12日

这是官网上的题目,可以对这个选项的原理详细解释一下吗?

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