Thursday 10:00am - 11:40am Middle Hall (中院) 305, Minhang campus
guoxiong@sjtu.edu.cn
021-52301585
Messages:
The following is the updated grades for HWs and Quiz. Let me know if there is any error. As for the last multiple choice question, the answer is B because a purchase of the US treasury bonds from the Bank of England is a change in the holding of foreign reserves, not part of the capital account. Remember current account plus capital account equals the net change in the holding of foreign reserves.
2016/6/7
For the first analytic question in Assignment 5, the required reserve ratio is 10%, which is the default value unless otherwise specified through this course.
2016/5/16
Some of you have encountered with a problem of downloading the lecture notes. This is due to the problem of website. To solve the problem, follow the steps below:
1. open the link of the lecture notes in a new window, it's url should looks like
http://117.185.13.9/cache/guoxiongzhang.yolasite.com/resources/Lecture%201.pdf.......
2. Delete the first part of the url so that it becomes like
http://guoxiongzhang.yolasite.com/resources/Lecture%201.pdf.......
Thank Ms. Tao Jiamin for letting me know this problem.
2016/3/21
In last Thursday's class, I briefly talked about the evolution of exchange rate of Renminbi (RMB). Here is a more detailed illustration:
Evolution of the RMB exchange rate:
1981- 1984: Duo exchange rates
I. Official exchange rate
II. Exchange rate for trade
II is normally higher than I (RMB is cheaper under II)
1985 - 1993: Duo exchange rates
I. Official exchange rate
II. Internal exchange market rate
II is similar as an inter-bank-rate.
1994 - 2005: De jure management float, De facto fixed exchange rate, pegged on Dollar.
2005 - : Management float, targeted on a basket of currencies including Dollar and Euro.
2016/3/16
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Answer key to Assignment 1 has been uploaded. I have also uploaded Assignment 2, which will be due on March 24 (next Thursday) due to the upcoming Quiz on this Thursday.
2016/3/15
