{"id":15213,"date":"2020-01-09T21:09:00","date_gmt":"2020-01-09T13:09:00","guid":{"rendered":"https:\/\/172-105-121-241.ip.linodeusercontent.com\/?p=15213"},"modified":"2023-10-25T21:11:35","modified_gmt":"2023-10-25T13:11:35","slug":"%e7%82%ba%e6%9b%bf%e5%b7%ae%e6%90%8d%e3%81%ae%e7%99%ba%e7%94%9f%e3%81%a7-%e3%81%aa%e3%81%9c%e3%80%81%e5%82%b5%e5%8b%99%e8%80%85%e3%81%a0%e3%81%91%e3%81%8c%e8%b2%ac%e4%bb%bb%e3%82%92%e8%b2%a0%e3%81%86","status":"publish","type":"post","link":"https:\/\/jargaldefacto.com\/?p=15213&lang=ja","title":{"rendered":"\u70ba\u66ff\u5dee\u640d\u306e\u767a\u751f\u3067 \u306a\u305c\u3001\u50b5\u52d9\u8005\u3060\u3051\u304c\u8cac\u4efb\u3092\u8ca0\u3046\u3079\u304d\u306a\u306e\u304b\uff1f"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\">WHY ONLY THE LENDER SHOULD BEAR THE EXCHANGE LOSS?<\/h3>\n\n\n\n<p 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class=\"wp-block-paragraph\">\u3053\u306e\u3088\u3046\u306b\u5916\u8ca8\u306b\u3088\u308b\u878d\u8cc7\u306e\u969b\u306b\u304a\u3053\u308b\u70ba\u66ff\u5dee\u640d\u306f\u3001\u30e2\u30f3\u30b4\u30eb\u7d4c\u6e08\u306b\u73fe\u5b9f\u7684\u306a\u5371\u6a5f\u3092\u751f\u3058\u3055\u305b\u3066\u3044\u308b\u3002\u5916\u56fd\u70ba\u66ff\u306b\u3088\u308b\u8ca0\u50b5\u306e\u62e1\u5927\u306f\u4f01\u696d\u81ea\u8eab\u304c\u5f15\u304d\u8d77\u3053\u3057\u305f\u3082\u306e\u3067\u306f\u306a\u3044\u306e\u3067\u3001\u4e00\u90e8\u306e\u7d4c\u55b6\u8005\u306f\u30e2\u30f3\u30b4\u30eb\u5546\u5de5\u4f1a\u8b70\u6240\u3092\u901a\u3058\u3066\u5546\u696d\u9280\u884c\u306b\u5bfe\u3057\u3001\u5916\u8ca8\u878d\u8cc7\u306e\u6761\u4ef6\u3092\u5909\u66f4\u3059\u308b\u3088\u3046\u306b\u8981\u6c42\u3057\u305f\u3002\u3057\u304b\u3057\u3001\u5546\u696d\u9280\u884c\u306f\u305d\u306e\u8981\u6c42\u3092\u53d7\u3051\u5165\u308c\u306a\u304b\u3063\u305f\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u30e2\u30f3\u30b4\u30eb\u306e\u73fe\u72b6<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u30e2\u30f3\u30b4\u30eb\u9280\u884c\u306e\u767a\u8868\u306b\u3088\u308b\u3068\u30012018\u5e74\u672b\u6642\u70b9\u3067\u5916\u8ca8\u306b\u3088\u308b\u878d\u8cc7\u306f\u3001\u5168\u5546\u696d\u9280\u884c\u306e\u878d\u8cc7\u5168\u4f53\u306e3\u5206\u306e1\u3092\u5360\u3081\u3066\u3044\u305f\u3002\u307e\u305f\u3001\u8fd4\u6e08\u671f\u9650\u3092\u904e\u304e\u305f\u878d\u8cc7\u306e\u7d04\u534a\u6570\u3001\u4e0d\u826f\u50b5\u6a29\u306e4\u5206\u306e1\u304c\u5916\u8ca8\u306b\u3088\u308b\u878d\u8cc7\u3060\u3063\u305f\u3053\u3068\u304c\u660e\u3089\u304b\u306b\u306a\u3063\u305f\u30022019\u5e74\u306b\u5165\u308a\u3001\u4e00\u90e8\u306e\u4f01\u696d\u306f\u62c5\u4fdd\u3092\u5dee\u3057\u62bc\u3055\u3048\u3089\u308c\u308b\u3088\u3046\u306b\u306a\u3063\u305f\u3002\u307e\u305f\u4e00\u90e8\u306e\u4f01\u696d\u306f\u9280\u884c\u3068\u4ea4\u6e09\u3057\u3001\u501f\u5165\u91d1\u3092\u65b0\u305f\u306b\u73fe\u5728\u306e\u70ba\u66ff\u30ec\u30fc\u30c8\u3067\u30c8\u30a5\u30b0\u30eb\u30b0\u306b\u5efa\u3066\u3001\u5916\u8ca8\u878d\u8cc7\u3092\u8fd4\u6e08\u3057\u3066\u3044\u308b\u3002\u305d\u308c\u3067\u3082\u73fe\u5728\u3001\u878d\u8cc7\u5168\u4f53\u306e5\u5206\u306e1\u3001\u8fd4\u6e08\u671f\u9650\u304c\u904e\u304e\u305f\u878d\u8cc7\u306e37\uff05\u3001\u4e0d\u826f\u50b5\u6a29\u306e23\uff05\u306f\u5916\u8ca8\u306b\u3088\u308b\u878d\u8cc7\u3067\u3042\u308a\u3001\u5916\u8ca8\u878d\u8cc7\u306f\u306a\u304a\u3082\u9ad8\u3044\u30ea\u30b9\u30af\u3092\u542b\u3093\u3067\u3044\u308b\u72b6\u6cc1\u304c\u7d9a\u3044\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"294\" src=\"https:\/\/172-105-121-241.ip.linodeusercontent.com\/wp-content\/uploads\/2023\/10\/0ac5c72eef5258c5dbcd1dac79182cc1.png\" alt=\"\" class=\"wp-image-15214\" srcset=\"https:\/\/jargaldefacto.com\/wp-content\/uploads\/2023\/10\/0ac5c72eef5258c5dbcd1dac79182cc1.png 1000w, https:\/\/jargaldefacto.com\/wp-content\/uploads\/2023\/10\/0ac5c72eef5258c5dbcd1dac79182cc1-300x88.png 300w, https:\/\/jargaldefacto.com\/wp-content\/uploads\/2023\/10\/0ac5c72eef5258c5dbcd1dac79182cc1-768x226.png 768w, https:\/\/jargaldefacto.com\/wp-content\/uploads\/2023\/10\/0ac5c72eef5258c5dbcd1dac79182cc1-860x253.png 860w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/figure>\n\n\n\n<p class=\"has-text-align-right wp-block-paragraph\"><strong>\u51fa\u5178\uff1a<\/strong>\u30e2\u30f3\u30b4\u30eb\u9280\u884c\uff08\u8a73\u7d30\uff09<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u30e2\u30f3\u30b4\u30eb\u306b\u304a\u3051\u308b\u4e8b\u696d\u306e\u6210\u529f\u306e\u30ab\u30ae\u306f\u3001\u9577\u671f\u7684\u306b\u4f4e\u91d1\u5229\u306e\u8cc7\u91d1\u3092\u7372\u5f97\u3067\u304d\u308b\u304b\u3069\u3046\u304b\u306b\u304b\u304b\u3063\u3066\u3044\u308b\u3002\u305d\u306e\u305f\u3081\u4f4e\u91d1\u5229\u878d\u8cc7\u3092\u53d7\u3051\u308b\u3053\u3068\u304c\u3001\u307b\u3068\u3093\u3069\u306e\u30bb\u30af\u30bf\u30fc\u3067\u7af6\u4e89\u306e\u4e3b\u8981\u56e0\u306b\u3082\u306a\u3063\u3066\u3044\u308b\u3002\u3060\u304b\u3089\u3001\u8f38\u51fa\u5165\u306b\u643a\u308f\u3063\u3066\u3044\u306a\u3044\u4f01\u696d\u3067\u3082\u3001\u671f\u9650\u3084\u6761\u4ef6\u306b\u3088\u3063\u3066\u5916\u8ca8\u306b\u3088\u308b\u878d\u8cc7\u3092\u53d7\u3051\u3066\u3044\u308b\u3002\u307e\u305f\u81ea\u56fd\u901a\u8ca8\u3067\u3042\u308b\u30c8\u30a5\u30b0\u30eb\u30b0\u306b\u3088\u308b\u878d\u8cc7\u304c\u5c11\u306a\u3044\u4e3b\u306a\u7406\u7531\u306f\u3001\u56fd\u5185\u306e\u9810\u91d1\u984d\u304c\u76f8\u5bfe\u7684\u306b\u5c11\u306a\u3044\u3053\u3068\u306b\u95a2\u4fc2\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4f01\u696d\u306f\u3001\u5916\u8ca8\u878d\u8cc7\u306e\u70ba\u66ff\u5dee\u640d\u3092\u4f01\u696d\u3060\u3051\u304c\u5358\u72ec\u3067\u80cc\u8ca0\u3046\u3053\u3068\u306f\u4e0d\u516c\u5e73\u3060\u3068\u8003\u3048\u3066\u3044\u308b\u3002\u306a\u305c\u306a\u3089\u3070\u3001\u70ba\u66ff\u30ea\u30b9\u30af\u306f\u30de\u30af\u30ed\u7d4c\u6e08\u306e\u554f\u984c\u3067\u3042\u308a\u3001\u653f\u5e9c\u304c\u5b9f\u65bd\u3059\u308b\u653f\u7b56\u306e\u7d50\u679c\u3060\u304b\u3089\u3060\u3002\u30c9\u30eb\u306e\u4fa1\u683c\u304c\u904e\u53bb10\u5e74\u9593\u3067\u3069\u308c\u307b\u3069\u4e0a\u6607\u3057\u3066\u304d\u305f\u304b\u3092\u4e0b\u8a18\u306e\u30b0\u30e9\u30d5\u3092\u307f\u308c\u3070\u308f\u304b\u308b\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>2009<\/strong><strong>\u301c<\/strong><strong>2018<\/strong><strong>\u5e74\u306e\u7c73\u30c9\u30eb\u306e\u70ba\u66ff\u30ec\u30fc\u30c8\u3068\u30e2\u30f3\u30b4\u30eb\u56fd\u3078\u306e\u5916\u56fd\u76f4\u63a5\u6295\u8cc7\u984d\u306e\u63a8\u79fb<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" loading=\"lazy\" decoding=\"async\" width=\"912\" height=\"496\" src=\"https:\/\/172-105-121-241.ip.linodeusercontent.com\/wp-content\/uploads\/2023\/10\/fa7b1f680e67ea7c7bf6c34683d2dca3.png\" alt=\"\" class=\"wp-image-15220\" srcset=\"https:\/\/jargaldefacto.com\/wp-content\/uploads\/2023\/10\/fa7b1f680e67ea7c7bf6c34683d2dca3.png 912w, https:\/\/jargaldefacto.com\/wp-content\/uploads\/2023\/10\/fa7b1f680e67ea7c7bf6c34683d2dca3-300x163.png 300w, https:\/\/jargaldefacto.com\/wp-content\/uploads\/2023\/10\/fa7b1f680e67ea7c7bf6c34683d2dca3-768x418.png 768w, https:\/\/jargaldefacto.com\/wp-content\/uploads\/2023\/10\/fa7b1f680e67ea7c7bf6c34683d2dca3-860x468.png 860w\" sizes=\"auto, (max-width: 912px) 100vw, 912px\" \/><\/figure>\n\n\n\n<p class=\"has-text-align-right wp-block-paragraph\"><strong>\u51fa\u5178\uff1a\u56fd\u5bb6\u7d71\u8a08\u5c40\u3001\u5916\u56fd\u306e\u76f4\u63a5\u6295\u8cc7\uff08<u>\u8a73\u7d30<\/u>\uff09<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3053\u306e\u30b0\u30e9\u30d5\u3092\u898b\u308c\u3070\u3001\u4f01\u696d\u304c\u306a\u305c\u30c9\u30eb\u5efa\u3066\u878d\u8cc7\u306b\u3088\u3063\u3066\u82e6\u3057\u3044\u72b6\u6cc1\u306b\u8ffd\u3044\u8fbc\u307e\u308c\u3066\u3044\u308b\u304b\u306f\u4e00\u76ee\u77ad\u7136\u3060\u3002\u30e2\u30f3\u30b4\u30eb\u5546\u5de5\u4f1a\u8b70\u6240\u306f\u3001\u4f1a\u54e1\u4f01\u696d\u306b\u5bfe\u3057\u3066\u4e0d\u53ef\u6297\u529b\u3084\u56f0\u96e3\u306a\u72b6\u6cc1\u306b\u3042\u308b\u3053\u3068\u3092\u8a3c\u660e\u3059\u308b\u8a3c\u660e\u66f8\u3092\u767a\u884c\u3057\u3066\u3044\u308b\u30022017\u301c2019\u5e74\u306e\u9593\u306b\u3001\u3053\u306e\u8a3c\u660e\u66f8\u3092143\u306e\u500b\u4eba\u4e8b\u696d\u4e3b\u304a\u3088\u3073\u4f01\u696d\u306b\u767a\u884c\u3057\u3066\u304d\u305f\u3002\u305d\u306e\u3046\u3061\u306e\u534a\u5206\u306f\u3001\u70ba\u66ff\u30ec\u30fc\u30c8\u306e\u4e0a\u6607\u306b\u3088\u3063\u3066\u8fd4\u6e08\u7fa9\u52d9\u3092\u679c\u305f\u305b\u306a\u304f\u306a\u3063\u305f\u3068\u3044\u3046\u3082\u306e\u3060\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4f01\u696d\u304c\u4e8b\u696d\u8cc7\u91d1\u3092\u5916\u8ca8\u306b\u3088\u308b\u878d\u8cc7\u3067\u8abf\u9054\u3057\u3001\u5546\u54c1\u3084\u30b5\u30fc\u30d3\u30b9\u3092\u81ea\u56fd\u306e\u901a\u8ca8\u3067\u8ca9\u58f2\u3057\u3066\u3044\u308b\u5834\u5408\u3001\u5916\u56fd\u70ba\u66ff\u3067\u81ea\u56fd\u901a\u8ca8\u306e\u4fa1\u683c\u4e0b\u843d\u306f\u8fd4\u6e08\u30ea\u30b9\u30af\u3092\u751f\u3080\u3002\u5f53\u8a72\u56fd\u306e\u901a\u8ca8\u304c10\uff05\u4e0b\u843d\u3057\u305f\u6642\u3001\u5916\u8ca8\u878d\u8cc7\u3092\u53d7\u3051\u305f\u4f01\u696d\u3068\u81ea\u56fd\u901a\u8ca8\u3067\u878d\u8cc7\u3092\u53d7\u3051\u305f\u4f01\u696d\u3092\u6bd4\u8f03\u3059\u308b\u3068\u3001\u878d\u8cc7\u3092\u671f\u9650\u5185\u306b\u8fd4\u6e08\u3067\u304d\u306a\u3044\u30ea\u30b9\u30af\u306f\u7d0470\uff05\u5897\u3048\u308b\uff08Schmidt-Eisenlohr, 2017\uff09\u3068\u3042\u308b\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3053\u306e\u30ea\u30b9\u30af\u306f\u4f01\u696d\u3060\u3051\u3067\u306f\u306a\u304f\u3001\u878d\u8cc7\u3092\u884c\u3046\u9280\u884c\u81ea\u8eab\u306e\u30ea\u30b9\u30af\u306b\u3082\u306a\u308b\u3002\u3064\u307e\u308a\u56fd\u306e\u7d4c\u6e08\u5168\u4f53\u306b\u5f71\u97ff\u3059\u308b\u3068\u3044\u3046\u3053\u3068\u3060\u30022010\u5e74\u4ee5\u964d\u3001\u65b0\u8208\u56fd\u306b\u304a\u3051\u308b\u6c11\u9593\u5206\u91ce\u306e\u5916\u8ca8\u878d\u8cc7\u306b\u3088\u308b\u640d\u5931\u306f\u6025\u901f\u306b\u5897\u52a0\u3057\u3066\u3044\u308b\u3002\u3053\u308c\u306f\u3001\u5916\u8ca8\u878d\u8cc7\u3092\u53d7\u3051\u3066\u3044\u308b\u306e\u304c\u8f38\u51fa\u5165\u4e8b\u696d\u8005\u3060\u3051\u3067\u306f\u306a\u304f\u3001\u305d\u308c\u4ee5\u5916\u306e\u4e8b\u696d\u8005\u307e\u3067\u3082\u5916\u8ca8\u306b\u3088\u308b\u878d\u8cc7\u3092\u53d7\u3051\u3066\u3044\u308b\u3053\u3068\u3068\u95a2\u9023\u3057\u3066\uff08Chui et al, 2016\uff09\u3044\u308b\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u51fa\u53e3\u6226\u7565<\/strong><\/p>\n\n\n\n<p 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class=\"has-text-align-right wp-block-paragraph\"><strong>2020\u5e741\u67089\u65e5<\/strong><\/p>\n\n\n\n<p class=\"has-text-align-right wp-block-paragraph\"><strong>\u65e5\u672c\u8a9e\u7248\u5236\u4f5c\uff1aMongol Izumi Garden LLC http\/\/translate.mig.asia<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>WHY ONLY THE LENDER SHOULD BEAR THE EXCHANGE LOSS? 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