Shelley2019-01-01 06:06:43

老师您好，我想请教一下Page 64.我有点困惑Base currency 的定义。在外汇市场上， base currency 在direct quote上是分母上的currency： Foreign currency（DC/FC）。在会计概念上base currency 是作为domestic currency。我用绿笔标注的部分（base currency）应该指的是domestic currency 吧？比如说其中的一个点：the base currency’s real exchange rate should appreciate if there is an upward movement in the foreign risk premium, which should make foreign assets less attractive compared with the “base currency nation’s domestic assets.”谢谢您