Wang Siying, Cindy 2008801369.  Usage ◦ Historically:  medium of transaction  jewelry  a relative standard for currency equivalents specific to economic.

Slides:

Advertisements

Similar presentations

David C. Wheelock September 20, 2007 An Overview of the Great Depression.

Advertisements

Characteristics of Money - Review A_______________S_______________D_______________D_______________P_______________.

Money VOŠ – 3. ročník – 1. semestr Sources: M. Kaftan, l. Horáková: English in Economics

The Gold Standard By Jonathan Seals. How the Gold Standard Came About Gold coins have been used as a medium of exchange, unit of account, and store of.

Copyright Aditya Birla Nuvo Limited 2008 Birla Sun Life Mutual Fund.

13.1 WHAT IS MONEY? ● money Any items that are regularly used in economic transactions or exchanges and accepted by buyers and sellers.

Brain Teaser  You are to make 1,000 using only addition and the number 8.  i.e. you can add 88 to 88  What is the least number of steps to doing the.

Stock Market Analysis and Personal Finance Mr. Bernstein Precious Metals, Gems and Collectibles, pp May 6, 2013.

1 Chp. 7: The Asset Market, Money and Prices Focus: Equilibrium in the asset market Demand and Supply of Money Quantity Theory of Money.

ALOMAR_212_11 ECON 212: Money and Banking. ALOMAR_212_12 Courses  212

CAPITAL INFLOW AND HOT MONEY Dianqing Xu China Center of Economic Research.

1 Monetary Theory and Policy Chapter 30 © 2006 Thomson/South-Western.

Chapter 15 International and Balance of Payments Issues.

Chinese Economy: Current Issues and Future Scenarios FAN Gang National Economic Research Institute China Reform Foundation November, 2004.

Chapter 1 Why Study Money, Banking, and Financial Markets?

Chapter 08 The International Monetary System and Financial Forces McGraw-Hill/Irwin Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved.

August 8, 2015Foreign Exchange Determination1 Forecasting exchange rates Foreign Exchange Determination.

Ec 123 Section 81 THIS SECTION Case. Mexico: From Stabilized Development to Debt Crisis NEXT Hong Kong Financial Crisis.

IMH Understand the components of balance of payments Essential questions: What is balance of payment & how is it calculated? What are the two types.

CURRENCIES What’s in your wallet? How many currencies are in use around the world? 178.

Chapter 1 Why Study Money, Banking, and Financial Markets?

Slide 1–1. Part I Introduction Chapter One Why Study Financial Markets and Institutions?

Government and Economics. In a traditional economy, how are economic decisions made?

OIL PRICE ANALYSIS Zdenek Riha; Viktorie Jirova; Marek Honcu Czech Technical University Faculty of Transportation Sciences Development, Energy, Environment,

MONEY AND INFLATION. What is money? Money is a generalized claim on all other assets. It must be acceptable, scarce, desirable, and divisible.

Global Imbalances and Global Financial Turmoils Dr. Sompop Manarungsan Faculty of Economics and Chinese Studies Center Chulalongkorn University Bangkok.

Why Gold? Why Gold? Why an allocation to gold may benefit investment portfolios June 2005.

AP Macroeconomics Unit 3 The Financial Sector Vocab: Ch. 31/32 Exam Dates: 3/27 and 3/28.

21 The Balance of Payments, Exchange Rates, and Trade Deficits McGraw-Hill/Irwin Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved.

Copyright  2011 Pearson Canada Inc Why Study Financial Markets? 1.Financial markets channel funds from savers to investors, thereby promoting economic.

An Overview of the Great Depression

1 Simple View of Exchange Rate Determination. 2 EUR exchange rate against the dollar: EUR value in USD.

International Finance 1 Foreign exchange markets  World’s largest financial market  Over the counter  “Carry trade”

Exchange Rates, the Balance of Payments, & Trade Deficits Chapter 21 10/5/

Financial Sector Ashley Ong Courtney Chan Jamie Lam Kevin Co.

McGraw-Hill/Irwin Copyright © 2005 by The McGraw-Hill Companies, Inc. All rights reserved. Chapter 25 International Diversification.

chapter The International Monetary System McGraw-Hill/Irwin Global Business Today, 5e © 2008 The McGraw-Hill Companies, Inc., All Rights Reserved. 10.

ASSET BUBBLES AND THE FINANCIAL CRISIS OF 2008? A. G. MALLIARIS Presented to the Xavier EMBA, November 26, 2008 What are Asset Bubbles? Variety of Bubbles.

CBA Investors Update Date: November 2012 Presentation by: Richard Muriithi Old Mutual Asset Managers (K) Ltd.

MONEY AND THE FINANCIAL SYSTEM. OVERVIEW Monetary transmission mechanism Modern financial system Money – kinds, functions, significance Supply of money.

Chapter 1 Why Study Money, Banking, and Financial Markets?

Section 3: International Economics 3.2 Exchange Rates.

Chapter 11: Inflation. Inflation A continuous rise of the general price level General price level is measured by the Consumer Price Index (CPI): The weighted.

Chapter 1 Why Study Money, Banking, and Financial Markets?

14-1 The Nation’s Sick Economy. Economic Troubles on the Horizon How did diminished demand affect farmers and businesses in the 1920s? How did falling.

BALANCE OF PAYMENTS INTERNATIONAL MARKETING. WARMUP  20 point assignment from last class  Comparison chart of Pricing Terms  Letter of Credit  Pricing.

Monetary Policy. Monetary Policy = it refers to what the Federal Reserve does to influence the amount of money and credit in the economy. What happens.

International Finance Program Dr. Antony Mueller.

Chapter 11 Section 2. National Banking System ► System of banks (national banks) operated by the federal government. ► All issued the same national currency.

The Global Economy: Finance By: Reba Cox. Balance of Payments The summary of all economic transactions between people of one country and all other countries.

LECTURE 5 Money and Banking. What is Money? Money is a good that is accepted as a medium of exchange in transactions. Other functions of money include:

The Balance of Payments, Exchange Rates, and Trade Deficits Chapter 38 McGraw-Hill/Irwin Copyright © 2009 by The McGraw-Hill Companies, Inc. All rights.

GOLD Investment Analysis Krassimir Petrov, Ph. D. The American University in Bulgaria, Dept. of Economics.

Reaganomics = supply side/trickle down economics Cut taxes, especially for the wealthy and big business. Cut govt spending. No govt deficit. Keynesian.

Report for the year of 2012 Finance, Accounting and Investment 1.

EXCHANGE RATES UNIT 26. DISCUSSION  You probably have at least one banknote in your pocket, wallet or purse. How much is it worth in other currencies?

Stock Market Analysis and Personal Finance

Gold will be “Fear Asset” In 2017

EXCHANGE RATES UNIT 26.

MONEY AND MONETARY POLICY

Why Study Financial Markets?

Why Study Money, Banking, and Financial Markets?

The Money Market.

Understanding Monetary Policy

13.1 WHAT IS MONEY? ● money Any items that are regularly used in economic transactions or exchanges and accepted by buyers and sellers.

Review of Money/Banking/Federal Reserve

International Economics and Trade

THE BUSINESS CYCLE.

The Balance of Payments, Exchange Rates, and Trade Deficits

INVESTMENT PROPOSAL EMERALDSGLOBAL LTD. INVESTMENT PROPOSAL

Presentation transcript:

Wang Siying, Cindy

 Usage ◦ Historically:  medium of transaction  jewelry  a relative standard for currency equivalents specific to economic regions or countries ◦ Investment:  hedge or safe haven against wars, economic depressions, and currency-based crises  way of storing of value  speculation

 Coins and small bars  Exchange-traded gold (SEHK, SHFE)  Gold certificates  Gold orientated funds

 Stability: During the last financial crisis we have recently experienced, the price of gold from the top to the bottom reduced 20%, ranking the least decreasing rate among the entire investment products  Information: More complicated for stocks. Have to concern the performance of the companies you invest in. Have to think about the facticity of their financial statement and other market information.  Market efficiency: Investors of gold market are more decentralized and international. It is harder for a single individual to control the gold price.

 Demand and supply  USD: negatively related. ◦ Both are reserve assets ◦ Relationships with world economy. ◦ Gold measured in terms of USD  Worries of inflation (Oil price)  International policies (especially USA and countries product oil): wars and unrests

 China’s gold market ◦ More influence on world gold market  Inflation  Bull market for USD  USA fourth quarter GDP in 2009  Increase of interest rate

  ic/ / ic/ /  x?ArticleID= x?ArticleID=47365  _rush_ _rush_  invest/gold_orientated_funds/ invest/gold_orientated_funds/