货币银行 Chapter 1 英文原版教材课件.ppt

Copyright 2009 Pearson Addison-Wesley. All rights reserved.Chapter 1Introducing Money, Banking, and Financial Markets1-2Learning Objectives See the importance of money, banking, and financial markets Understand possible careers that use the skills and knowledge gained through studying this topic1-3Introduction of Concepts Financial Markets/Institutions Bringing together of buyers and sellers of financial securities to establish prices The formal setting/mechanism that brings buyers and sellers together to value financial assets Provides a mechanism for those with excess funds (savers) to lend to those who need funds borrowers Includes banks, savings and loans, credit unions, investment banks and brokers, mutual funds, stock and bond markets1-4Introduction of Concepts (Cont.) Money “Lubricant that greases the wheels of economic activity Not just limited to currency (bills and coins)also includes demand deposits (checking accounts) issued by banks Plays a key role in influencing the behavior of the economy as a whole and the performance of financial institutions and markets1-5Introduction of Concepts (Cont.) Money (Cont.) More broadly the monetary economy Facilitates transactions within the economy Principal mechanism through which central banks attempt to influence aggregate economic activity Economic Growth Employment Inflation1-6Introduction of Concepts (Cont.) Banking Banks and other financial intermediaries take funds from one group (savers) and re-deploy these funds by investing or lending (borrowers) Banks provide a place where individuals and businesses can invest their funds to earn interest with a minimum of risk Well-equipped to invest in the most challenging types of financial investmentsloans to individuals and small businesses1-7Introduction of Concepts (Cont.) Banking (Cont.) Banks serve as the principal caretaker of the economys money supply, and along with other financial intermediaries, provide important source of funds Banks are intimately involved in how the central bank of the United States (Federal Reserve) Fed influences overall economic activity Monetary policythe Fed directly influences the lending and deposit creation activities of banks