1
2
2 7.25 1 6.255.25 7 20052006 2006 2005 20 3
FX 10 2 1,000 0.5 4.5 120 115.2 3 1,000 8.3 1,000 1 40 1,000 4.5-0.5 4.8 / 40 8.3 4.8 / 1 2007 0.25 7.5 2 Forward rate Futures rate 3 1120 (10.04)115.2 4
CMEIMM,2005 2007 10 27 5
6
27 IMF 11 7
1 3 8 0.25 7.52005 12 2006 11 0.256.25 2 21 2006 10-12 GDP 1 0.253.75 GDP 2.1 2.4 FF 5.25 1 GDP 2006 10-12 2.2 8
1213 10 2 2 21 0.250.5 0.0 14 9
15 4 10
11