“Import ratio”的意思、由来-开放百科全书

词条

Import ratio

释义

Relation to sovereign risk
References

Import ratio, in economics and government finance, is the ratio of total imports of a country to that country’s total foreign exchange (FX) reserves.^[1] The ratio can be inverted and is referred to as the reserves to imports ratio. This ratio divides a country's average foreign exchange reserve by a country's average monthly level of imports.^[2]

Relation to sovereign risk

Credit restructuring is made more likely by a higher amount of imports relative to FX reserves. A less developed country will pay for imports with its foreign exchange reserves. The more it imports the faster these reserves are used up. Since satisfying a country's needs is considered more important than repaying foreign creditors the more a country imports relative to its foreign exchange reserves the greater the probability of debt rescheduling.

References

1. ^{{cite book |author1=Cornett, Marcia Millon |author2=Saunders, Anthony | title = Financial Institutions Management: A Risk Management Approach, 5th Edition | year = 2006 | publisher = McGraw Hill | isbn = 978-0-07-304667-9 }}
2. ^http://www.adelaide.edu.au/cies/papers/0302.pdf Exchange Rate Policy and Foreign Exchange Reserves Management in Indonesia in the Context of East Asian Monetary Regionalism

4 : International macroeconomics|Financial ratios|Foreign exchange reserves|Import

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