本次澳洲代写主要为金融学相关assignment

分配任务

2020年11月3日,澳大利亚储备银行(RBA)宣布了一揽子货币
支持(https://www.rba.gov.au/media-releases/2020/mr-20-28.html)的措施
澳大利亚经济复苏。您的任务是分析这种刺激的影响
有关货币供应量,利率和汇率的货币政策
2020年11月至2021年2月之间的时间段。

从Canvas下载以下数据表。

表格名称分配说明中的表格编号
货币总量表1
零息票利率表2
每日汇率表3

任务1(10分)

自200年来用不到200句话简短总结并讨论了澳联储的货币政策
澳大利亚爆发Covid-19大流行(即2020年3月至2020年10月)。什么
澳洲联储已采取了哪些措施,以及澳洲联储货币政策的主要目标是什么
在此期间的政策?
2个

任务2(30分)

在11月份的货币政策一揽子计划中,澳储行决定推出量化宽松政策
通过从授权的存款中购买1000亿美元的政府债券
机构(ADIs)。

一种。确定表1中哪个货币总量最紧密地跟踪(即最
敏感)购买政府债券的影响力,并证明您的决定合理。 (10
分数)
b。解释政府债券的购买如何影响货币供应量,因为
用(a)部分中选择的货币总量来衡量。为什么这笔钱有变化
与2020年11月至2021年1月M3的变化有何不同? (10分)
C。购买政府债券对政府支持的预期影响是什么?
澳大利亚的商业银行和私人企业? (10分)

任务3(20分)

一种。使用表2中的信息,并在同一张图上绘制两条收益曲线,一条为11月2日
2020年,一次为2021年2月26日。测量比较2月份收益率曲线的变化
到11月的收益率曲线。 (10分)
b。这些变化是否与澳大利亚之间实施的澳洲联储货币政策一致
2020年11月和2021年2月?简要解释为何长期收益(即5年至
10年期)的收益率与短期收益率(即0年期至3年期)的变化方向相反
年)。 (10分)

任务4(20分)

在FINC5090中,您了解到利率差异可以帮助预测汇率。
您将通过研究利率差异和利率之间的关系来检验这一理论。
实际货币升值/贬值。

一种。从下面的列表中选择两种货币,一种是从发达市场(即英国,
欧盟或日本)和新兴市场(即中国,印度或越南)中的一个。

货币符号
英镑GBP
人民币CNY
日元JPY
欧洲欧元EUR
印度卢比INR
越南盾VND

Assignment Tasks

On 3 Nov 2020, the Reserve Bank of Australia (RBA) announced a package of monetary
measures (https://www.rba.gov.au/media-releases/2020/mr-20-28.html) to support the
recovery of the Australian economy. Your task is to analyse the influences of this stimulus
monetary policy on the money supply, the interest rates and the foreign exchange rates during
the period between Nov 2020 and February 2021.

Download the following data tables from Canvas.

Table name Table number in assignment instruction
Monetary Aggregates Table 1
Zero Coupon Interest Rates Table 2
Exchange Rates Daily Table 3

Task 1 (10 marks)

In less than 200 words, briefly summarise and discuss the monetary policies of the RBA since
the outbreak of the Covid-19 pandemic in Australia (i.e. from March 2020 to Oct 2020). What
measures have been used by the RBA and what are the key objectives of the RBA monetary
policies during this period?
2

Task 2 (30 marks)

In the November monetary policy package, the RBA decided to launch a quantitative easing
program by purchasing $100 billion government bonds from the authorised deposit-taking
institutions (ADIs).

a. Determine which one of the monetary aggregates in Table 1 most closely tracks (i.e. most
sensitive to) the influence of the purchase of government bonds and justify your decision. (10
marks)
b. Explain how the purchase of government bonds has influenced the money supply as
measured by the monetary aggregate selected in Part (a). Why are the changes in this monetary
aggregate different from the changes in M3 from November 2020 to January 2021? (10 marks)
c. What are the expected effects of the purchase of government bonds in supporting the
commercial banks and private businesses in Australia? (10 marks)

Task 3 (20 marks)

a. Use the information in Table 2 and plot two yield curves on the same graph, one for 2 Nov
2020 and one for 26 February 2021. Measure the changes in the February yield curve compared
to the November yield curve. (10 marks)
b. Are the changes consistent with the RBA monetary policies implemented between
November 2020 and February 2021? Briefly explain why the long-dated yields (i.e. 5-year to
10-year) have changed in the opposite direction against the short-dated yields (i.e. 0-year to 3-
year). (10 marks)

Task 4 (20 marks)

In FINC5090, you have learned that interest rate differentials can help to predict exchange rates.
You will test this theory by examining the relation between the interest differentials and the
actual currency appreciations/depreciations.

a. Choose two currencies from the following list, one from the developed markets (i.e. the UK,
EU or Japan) and one from the emerging markets (i.e. China, India or Vietnam).

Currency Symbol
British pound sterling GBP
Chinese renminbi CNY
Japanese yen JPY
European euro EUR
Indian rupee INR
Vietnamese dong VND