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指導老師：胡憶華 班 級：應 英 學 生：497C0068 497C0096 497C0109 497C0115 二 乙 楊勝雄 張桂碧 黃脩閔 劉乃瑜 Financial crisis also known as the financial storm, refers to a country or a few countries and territories all or most of financial pointer (such as short-term interest rates,) and the rapid, short Super-periodic of the poor. It is based on the economic characteristics of the future will be pessimistic expectations. 金融危機又稱金融風暴，是指一個國家或幾個國家與地區的全部或大部 分金融指標(如：短期利率)的急劇、短暫和超週期的惡化，其特徵是人 們基於經濟未來將更加悲觀的預期。 Financial crisis can be divided into currency crises, debt crises, banking crisis, and so on. The financial crisis in recent years more and more out a hybrid form of crisis. 金融危機可以分為貨幣危機、債務危機、銀行危機等類型。近年來 的金融危機越來越呈現出某種混合形式的危機。 1. Financial crisis 金融危機 2. Territories 地區 3. Short-term interest rates 短期利率 4. Rapid 迅速的 5. Short Super-periodic 週期的 6. Currency crises 貨幣危機 7. Debt crises 債務危機 8. Banking crisis 銀行危機 9. Hybrid 混合而成的 Currency crises 貨幣危機 A currency crisis, which is also called a balance-of-payments crisis, occurs when the value of a currency changes quickly, undermining its ability to serve as a medium of exchange or a store of value. It is a type of financial crisis and is often associated with a real economic crisis. Currency crises can be especially destructive to small open economies or bigger, but not sufficiently stable ones. Governments often take on the role of fending off such attacks by satisfying the excess demand for a given currency using the country's own currency reserves or its foreign reserves (usually in Euros, US dollars or UK pounds). 貨幣危機，也稱為平衡國際收支危機，當值的貨幣變化很快，破壞其能 力作為交換的媒介或商店價值。這是一種類型的金融危機，並往往與真 正的經濟危機。貨幣危機，特別有害小型開放經濟體或更大，但不夠穩 定的。政府往往承擔的作用抵禦此類攻擊的滿足過量需求為給定貨幣的 使用本國貨幣儲備或其外匯儲備（通常在歐元，美元和英國英鎊 ）。 Currency crises are accompanied with speculative attack on the currency, and at the time of attack, the currency is under the fixed exchange rate regime. Recessions attributed to currency crises include the 1997 Asian Financial Crisis and the Argentine economic crisis (1999-2002). 貨幣危機是伴隨著投機性攻擊的貨幣，在當時的攻擊，貨幣是在固定匯 率制度 。 衰退歸因於貨幣危機，包括1997年亞洲金融危機和阿根廷經濟危機 (1999-2002年)。 1. Currency 貨幣 2. Medium of exchange 交換的媒介 3. Store of value 商店價值 4. Excess demand 過量需求 5. Speculative attack 投機性攻擊 6. Regime 制度；狀態 Debt crises 債務危機 The debt crisis refers to borrowing in the international field of a large number of liabilities over the solvency of the borrower‘s own, resulting in inability to pay or be deferred debt phenomenon. 債務危機是指在國際界帶領域中大量負債，超過了借款者自身的清償能 力，造成無力還債或必須延期還債的現象。 1. Liability 負債 2. Solvency(債務的)償付能力 無能力 4. Phenomenon現象 3. Inability Banking crisis 銀行危機 A bank run (also known as a run on the bank) occurs when a large number of bank customers withdraw their deposits because they believe the bank is, or might become, insolvent. As a bank run progresses, it generates its own momentum, in a kind of self-fulfilling prophecy (or positive feedback): as more people withdraw their deposits, the likelihood of default increases, and this encourages further withdrawals. This can destabilize the bank to the point where it faces bankruptcy. 銀行擠兌(也稱為運行於銀行）發生了大量的銀行客戶撤回他們的存款， 因為他們相信銀行可能會破產。當銀行經營的進展，在一種自我實現的 預言（或正反饋）會產生自己的原動力：隨著越來越多的人提取存款， 違約的可能性增加，鼓勵進一步提款，這可能破壞該銀行面臨破產的地 步。 1. Deposit 存款 2. Bank run 銀行擠兌 3. Insolvent 破產 4. Momentum 動力 5. Self-fulfilling prophecy 自我實現預言 6. Destabilize 動搖 7. Bankruptcy 破產 The financial impact of the tsunami on the world, Dubai has not been the effect of calming down loan crisis broke out again, but seven of the British and French leaders, Dubai on the global impact of the crisis should not be limited to the damage caused the second financial crisis. 金融海嘯對全球衝擊尚未平復，杜拜又爆發倒債危機，不 過7大工業國的英國與法國領袖說，杜拜的危機對全球衝 擊有限，應不至釀成第二次的金融風暴。 1. Tsunami 海嘯 According to the United Arab Emirates financial media reports, the British Prime Minister Brown , Dubai down loan crisis in the global financial markets despite the setbacks, but he believes that raised effect does not exceed the impact of global financial tsunami. He said that the current global financial system to be able to deal with the Dubai down loan crisis derivation’s tricky problem. 根據阿拉伯聯合大公國財經媒體報導，英國首相 布朗表示，杜拜的倒債危機對於全球金融市場雖 是挫折，但他相信引發的效應不會超過全球金融 海嘯的衝擊。他說目前全球財政體系健全，能夠 對付杜拜倒債危機衍生的棘手難題。 1.Setbacks 挫折 2.Derivation 衍生 The French Prime Minister “Persian countries have sufficient resources to ensure that the global to the second financial crisis. US Treasury officials say they are paying close attention to the Dubai financial situation changes. 法國總理費雍表示，環波斯灣國家有充分資源，可確保全 球不會遭受第二次的金融風暴。 美國財政部官員說，他們正密切關注杜拜金融情勢的變化。 Canadian Minister of Emperor that have discussed the g-7 Dubai down loan crisis, and monitor the possible consequences. 加拿大財政部長佛拉爾帝表示，7大工業國已討論杜 拜的倒債危機，並監控可能發生的後果。 1. Persian 波斯的 4.Loan 貸款 2. Sufficient 充分的 5.Monitor 監控 3.Treasury 財政部 6. Consequences 結果 Last week the Dubai World Group announced the extension of the 5.9 billion, and was hoping the debts of the six months after the yen against the US dollar price invasive 14-year high. Japan‘s Finance Minister initiative leading industrial Nations issued a joint statement on the currency. 上週杜拜世界集團宣布盼展延590億美元的債務半年後， 日幣兌美元價位創14年新高。日本財務大臣倡議7大工業 國對貨幣發表聯合聲明。 1. Extension 延期；延長 2. Invasive 侵略性的 3. Initiative 主動的 4. Industrial 工業的 But after the yen against the US dollar price stabilized, the g-7 has not released the Declaration. 但之後日幣兌美元價位逐漸回穩，7大工業國並未發表相 關聲明。 But the Russian Prime Minister , said that the Dubai down loan crisis illustrates to throw off has lasted 2 years, it is not easy . 不過俄羅斯總理則說，杜拜的倒債危機說明了要擺脫已歷 時2年的金融風暴，還真不容易。 1. Illustrates 說明；舉例說明 2. Stabilized 穩定 http://www.cna.com.tw/SearchNews/doDetail.aspx?id=20 0911290174 http://en.wikipedia.org/wiki/Currency_crisis http://en.wikipedia.org/wiki/Financial_crisis