2006年对外经贸大学金融学院考研试题

三、简答题（共6 题，每题5 分）

1.囚徒困境反映了一个什么问题？

2.什么是奥肯法则？

3.什么是集团银行制？

4.行为金融理论体系的主要特点有哪些？

5.什么是马歇尔-勒纳条件？

6.根据蒙代尔-弗莱明模型，在资本自由流动和浮动汇率制度下货币政策实施的效果如何？

四、计算题（共3 题，第1、2 题各7 分，第3 题6 分）

1.在新古典增长模型中，人均生产函数为y=f(k)-0.5k²，其中y、k 分别为人均产量和人均资本量。如果人均储蓄率为0.3，人口增长率为3%，折旧率为0，求：

（1）使经济均衡增长的K 值

（2）黄金分割律所要求的人均资本量

2.一个投资者投资了一个有效组合，该组合的标准差15%，市场组合的风险溢价和标准差分别是6%和10%。

（1）计算该有效组合的风险溢价

（2）根据计算过程简要分析该组合风险溢价的决定因素

3.某银行的外汇交易员获得如下报价：美元对欧元的汇率为EUR1=USD1.8000，1 年期的远期汇率为EUR1=USD1.9000，同时在欧洲货币市场上，1 年期美元的利率为7%，1 年期欧元的利率为3%。为简化起见，这里假设买入汇率和卖出汇率相同，同一货币的借贷利率相同。

（1）根据利率评价分析该交易员如何进行套利

（2）计算套利的盈亏情况

五、论述题（共2 题，每题15 分）

1.为什么说边际收益（MR）等于边际成本（MC）是厂商实现利润最大化的条件？

2. 中央银行公开市场业务的作用原理和特点是什么？中国人民银行的公开市场操作是如何进行的，面临哪些问题？

六、英译汉（共3 题，每题10 分）

（一）

At a more general level, the basic idea of the life-cycle/permanent-income hypothesis is a simple insight about saving: saving is future consumption. As long as an individual does not asve just for the sake of saving, he or she saves to consume in the future. The saving may be used for conventional their consumption, or bequeathed to the individual’s children for their consumption, or even used to erect monuments to the individuals upon his or her death. But as long as the individual does not value saving in itself, the decision about the division of income between consumption and saving is driven by preferences between present and future consumption and information about future consumption prospects. This observation suggests that many common statements about saving may be in correct. For example, it is often asserted that poor individuals save a smaller fraction of their incomes than the wealthy do because their incomes are little above the level needed to provide a minimal standard of living. But this claim overlooks the fact that individuals who have trouble obtaining even a low standard of living today may also have trouble obtaining that standard in the future.Thus their saving is likely to be determined by the time pattern of their income, just as it is for the wealthy.

To take another example, consider the common assertion that individuals’ concern about their consumption relative to others?tends to raise their consumption as they try to “keep up with the Joneses”. Again, this claim fails to recognize what saving is: since saving represents future consumption, saving less implies consuming less in the future, and thus falling further behind the Joneses. Thus one can just as well argue that concern about relative consumption causes individuals to try to catch up with the Joneses in the future, and thus lowers rather than raises current consumption.

研究生入学考试历年真题汇总表

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