- •Курс англійської мови для фінансистів
- •Unit 1 financial markets. The bond market
- •Text trading in the bond market
- •Vocabulary list
- •Exercises
- •The Eurobond Market
- •French Government Securities
- •The Chinese Bond Market
- •Discussion
- •Eurobond Market
- •In order to get prepared for participation in the class discussion of the above questions, write a short essay on the following:
- •Reading practice
- •Us Government Securities
- •Borrowers Pile Up the Yankees
- •Unit 2 financial markets. The stock market
- •Text stocks and markets
- •The corporate securities market in russia
- •Vocabulary list
- •Exercises
- •Equity Market
- •The New York Stock Exchange
- •Discussion
- •A) Bulls, Bears and Stags
- •Reading practice
- •Third and Fourth Markets
- •Investment activity
- •Investments
- •Investment climate
- •Vocabulary list
- •Exercises
- •Think of word combinations with these nouns:
- •Think of the verbs most commonly used with:
- •Write down 3-5 questions about the text.
- •Say what advantages individuals have when they invest in investment companies.
- •Investment Companies
- •Write down 3-5 questions about the text.
- •Explain how most dynamic institutional investors today - pension funds and
- •Food Giants Build Local Yogurt Plants
- •Norwegians to Buy 25% of Vimpelcom
- •Discussion
- •In order to get prepared for participation in the class discussion of the questions, write a short essay on the following:
- •Reading practice
- •Investment Skill Is a Rare Commodity
- •Investment Trusts
- •Foreign Investments in Russia
- •Cornerstone of the global financial market
- •Vocabulary list
- •Exercises
- •Write down 3-5 questions about the text.
- •Describe the components of the global financial markets. Global Financial Markets
- •Managing Exchange Rate Risk. Hedging
- •The Eurocurrency Market
- •Discussion
- •Present them in a short review.
- •Discuss the problem raised in the text. Tougher Measures Needed to Counter Macroeconomic Effects of Money Laundering
- •In order to get prepared for participation in the class discussion of the questions, write several short paragraphs about:
- •Reading practice
- •Foreign Exchange Swaps
- •Foreign Exchange Options
- •Unit 5 financial management
- •Text finance function
- •Financial ratios
- •Ratio analysis
- •Vocabulary list
- •Exercises
- •Write down 3-5 questions about the texts.
- •Say in what activities financial managers are involved.
- •Financial Capital
- •Discussion
- •Corporate Governance
- •Investment Management
- •In order to get prepared for participation in the class discussion of these questions.
- •Reading practice
- •Capital Structure and Cost of Capital
- •Liquidation
- •The Cash Flow Concept
- •Unit 6 accounting
- •Accounting principles and concepts
- •Accountancy in a free-market economy
- •Public and private accountants
- •Vocabulary list
- •Exercises
- •Accounting Records
- •Accountancy Profession
- •Discussion
- •Accounting Methods .
- •In order to get prepared for participation in the class discussion of the questions, write a short paragraph, explaining:
- •Reading practice
- •Green Accounting
- •Unit 7 international monetary system
- •International monetary institutions
- •Imf's support for russian reforms
- •Vocabulary list
- •Exercises
- •Make your own sentences with any five word combinations from (b) and (c).
- •Match the verbs from (a) with the nouns from (b) below:
- •Write down 3-5 questions about the text.
- •Describe the purposes for which the imf was set up.
- •International Monetary Fund
- •Write down 3-5 questions about the text.
- •Describe the purposes for which the organization was set up. Your Partner ebrd
- •Fiftieth Anniversary of the Bretton Woods Conference
- •Sum up the text in 5-7 sentences and present your summary in class.
- •Describe the World Bank's activities. Say how they differ from those of the imf.
- •Discussion
- •Fiscal Issues Are a Growing Concern of the imf
- •In order to get prepared for participation in the class discussion of the questions, write a short essay on:
- •Reading practice
- •Some Facts About the sdr
- •Literature
- •Contents
- •Курс англійської мови для фінансистів
- •83050, М. Донецьк, вул. Щорса, 31
- •83023, М.Донецьк, вул. Харитонова,10.
Imf's support for russian reforms
IMF official: In line with the IMF's desire for greater economic stability in the world, and for stronger, more sustained growth we made a decision to support Russia with an Extended Fund Facility (EFF) credit amounting to about $10 billion.
Interviewer: Life has proved that 4 Russia's strategy for adjustment and reform is strong, and Russian authorities are committed to the program. But isn't the program risky?
Off.: All adjustment programs supported by the IMF entail risk, since only countries experiencing balance-of-payments difficulties borrow from the IMF.
Int.: It is obvious the IMF can never eliminate all risks. But have you built any substantial safeguards into the Russian program?
Off.: Certainly. They include the track record established by the authorities in the previous years, broader quarterly reviews, and continuation of monthly monitoring. I feel I must emphasize here that the Russian program is the only IMF-supported program subject to monthly monitoring.
Int.: That's very reasonable, but some observers question the wisdom of negotiating a program that could be derailed by political developments in Russia and changes in the Government.
Off.: In this connection I would like to stress that the IMF does not support individuals. It supports economic programs. As long as the duly constituted authorities continue to fulfill the requirements of the program agreed with the IMF, the IMF will continue to support that program.
Int.: Is Russia receiving exceptionally favourable treatment from the IMF? The size of the loan is large, isn't it?
Off.: Yes, the loan is large in absolute terms, but as a percentage of Russia's quota, the magnitude of the EFF arrangement is fully in line with the IMF's established lending limits.
Int.: Is the program too demanding? Is there a danger that continued macroeconomic adjustment and sweeping structural changes can irreparably undermine domestic support for the reform?
Off.: It's a very important question. The danger exists, and we must guard against it. This could be done by creating an adequate social safety net with enough budgetary resources to support it.
Int.: And beyond this, I think, the government should be encouraged to do all that it can to ensure that the benefits of the reform emerge - and become evident to the Russian people - as soon as possible.
Off.: Right. This should be uppermost on their minds.
Vocabulary list
|
Англійський варіант |
Російський варіант |
Український варіант |
А. |
international monetary system |
международная валютная система |
міжнародна валютна система |
|
international monetary institutions |
международные финансовые организации |
міжнародні фінансові організації |
|
exaggeration |
преувеличение |
перебільшення |
|
affect |
воздействовать, влиять |
впливати |
|
channel |
канал, путь |
канал, шлях |
|
transmit |
передавать, отправлять |
Передавати, відсилати |
|
impact |
влияние, воздействие |
вплив |
|
employment opportunities |
вакансии |
вакансії |
|
thrive |
процветать, преуспевать |
процвітати, мати успіх |
|
weaken |
ослаблять, ослабевать |
слабіти |
|
movement in the exchange rate |
изменение валютного курса |
зміна валютного курсу |
|
to leave smb worse off |
ставить кого-л. в более невыгодное положение |
ставити когось у більш незручне становище |
|
imposition of controls |
введение контроля |
уведення контролю |
|
capital movements |
движение капитала |
рух капіталу |
|
interdependence |
взаимозависимость |
взаємозалежність |
|
set of arrangements (зд.) |
совокупность договоренностей |
сукупність домовленостей |
|
national boundaries |
государственные границы |
державні кордони |
|
pattern |
структура, характер |
структура, характер |
|
adjust |
регулировать, корректировать |
регулювати, корегувати |
|
to be governed |
регулироваться |
регулюватися |
|
Articles of Agreement |
устав |
статут |
|
is afflicted with problems (зд.) |
обременена проблемами |
завалена проблемами |
|
interdependent |
взаимозависимый |
взаємозалежний |
|
discrepancy |
расхождение, противоречие |
розходження, протиріччя |
|
define |
определять |
визначати |
|
reconcile |
примирять |
мірити |
|
conflicting |
противоречивый |
протирічливий |
|
balance-of-payments position |
состояние платежного баланса |
стан платіжного балансу |
|
to settle accounts |
урегулировать счета |
врегулювати рахунки |
|
in broad terms |
в широком смысле |
в широкому смислі |
|
adjustment |
корректировка, исправление |
корегування, виправлення |
|
establishment and alteration |
установление и изменение |
встановлення та зміна |
|
of exchange rates |
обменных курсов |
обмінних курсів |
|
payments imbalances |
неравновесие платежей |
нерівновага платежів |
В. |
in line with |
в соответствии с |
згідно з |
|
amount (to) |
составлять (сумму), достигать, равняться |
складати(суму), досягати, рівнятися |
|
strategy for adjustment |
стратегия перестройки |
стратегія перебудови |
|
be committed to |
быть приверженным чему-л. |
бути схильним до |
|
adjustment program |
программа перестройки |
програма перебудови |
|
to entail risk |
повлечь риск |
спричинити ризик |
|
experience |
испытывать |
випробовувати |
|
track record (зд.) |
достижения, успехи |
досягнення, успіхи
|
|
monitoring |
мониторинг, контроль |
моніторинг, контроль |
|
question (зд.) |
подвергать сомнению |
піддавати сумніву |
|
wisdom (зд.) |
разумность |
розумність |
|
derail (зд.) |
срывать выполнение |
зривати виконання |
|
duly |
должным образом |
певним чином |
|
exceptionally |
исключительно |
виключно |
|
favourable treatment (зд.) |
благоприятные условия |
сприятливі умови |
|
in absolute terms |
в абсолютном выражении |
в абсолютному вираженні |
|
as a percentage (of) |
в процентном выражении (от) ... |
у відсотковому вираженні |
|
quota |
квота |
квота |
|
magnitude |
величина |
величина |
|
EFF arrangement |
соглашение о предоставлении расширенного финансирования |
угода про надання розширеного фінансування |
|
lending limit |
кредитный лимит, |
кредитний ліміт |
|
degree |
степень |
ступінь |
|
imply |
подразумевать, означать |
означати |
|
irreparably |
непоправимо |
невиправно |
|
undermine |
подрывать основы |
підривати основи |
|
guard (against) |
защищать, стоять на страже |
захищати, стояти на варті |
|
social safety net |
система социальной защиты |
система соціального захисту |
|
evident |
очевидный, явный |
очевидний, явний |