货币金融学第一章.doc
《货币金融学第一章.doc》由会员分享,可在线阅读,更多相关《货币金融学第一章.doc(11页珍藏版)》请在淘文阁 - 分享文档赚钱的网站上搜索。
1、为什么要学习货币银行学?这里至少有五个学习货币银行学的理由:1. 管理你的私人资源。2. 应对商业世界。3. 追求有趣且值得从事的工作机会。4. 作为公民,做出知情权条件下的公共选择。5. 拓展思维。货币、银行与金融市场学(The Economics Of Money, Banking and Financial Markets)教材:学生用书:货币金融学(The Economics Of Money, Banking and Financial Markets),美 Frederic S. Mishkin/著,中国人民大学出版社,2011年第九版。教师用书:“The Economics Of
2、 Money, Banking and Financial Markets”,9th Edition. Frederic S. Mishkin, 2010.阅读书目:1西欧金融史,美P. 金德尔伯格/著,中国金融出版社,1991年。(“A Financial History of Western Europe”, Charles P. Kinderberger.)2货币史从公元800年起,英约翰. F. 乔恩/著,商务印书馆,2002年。(“A HISTORY OF MONEYFrom AD 800”, John F. Chown, 1994.)3国际金融市场第四版,英斯蒂芬. 瓦尔迪兹 朱利
3、安. 伍德/著,中国金融出版社,2005年。(“An Introduction to Global Financial Market”, 4th Edition, by Stephen Valdez, 2003.)4“Lombard Street: A Description of The Money Market”, by Walter Bagehot.5货币银行学,黄达/编, 中国人民大学出版社。6货币银行学,夏德仁 李念斋/编,中国金融出版社。Part 1 导言(Introduction)Chapter 1 为什么要研究货币、银行和金融市场?(Why study Money, Banki
4、ng, and Financial Market)?一.为什么要研究金融市场(Why study Financial Market)?Part 2 of this book focuses on financial market, market in which funds are transferred from people who have an excess of available funds to people who a shortage. Financial market such as stock market and bond market are important in
5、 channeling funds from people who do not have a productive use for them to those who do, a process that results in greater economic efficiency. Activities in financial market also have direct effects on personal wealth, the behavior of businesses and consumers, and the overall performance of the eco
6、nomy.(一)债券市场(The Band Market and Interest Rates)A security (also called a financial instrument) is a claim on the issuers future income or assets (any financial claim or piece of property that is subject to ownership). A bond is a debts security that promises to make payments periodically for a spec
7、ified period of time. The bond market is especially important to economic activities and because it enable corporations or governments to borrow to finance their activities and because it is where interest rates are determined. An interest rate is the cost of borrowing or the price paid for the rent
8、al of funds. There are many interest rates in the economymortgage interest rate, car loan rate, and interest rates on many different types of bonds.Because different interest rates have a tendency to move in unison, economists frequently lump interest rates together and refer to “the” interest rate.
9、(二)股票市场(The Stock Market)A stock represents a share of ownership in a corporation. It is a security that is a claim on the earnings and assets of the corporation. Issuing stock and selling it to the public is a way for corporations to raise funds to finance their activities. The stock market, in whi
10、ch claims on the earnings of corporations (shares of stock) are traded, is the most widely followed financial market in America (thats why it is often called simply “the market”). A big swing in the prices of shares in the stock market is always a big story on the evening news. People often express
11、their opinion on where the market is heading and frequently tell you about their latest “big killing”(although you seldom hear about their latest “big loss”!). The attention the market receives can probably be best explained by one simple fact: It is a place where people can get rich quickly.The sto
12、ck market is also an important factor in business investment decisions because the price of shares affects the amount of funds that can be raised by selling newly issued stock to finance investment spending. A higher price for a firms shares means that is it can raise a large amount of funds, which
13、can be used to buy production facilities and equipment.(三)外汇市场(The Foreign Exchange Market)For funds to be transferred from one country to another, they have to be converted from one currency in the country of origin (say, renminbi) into the currency of the country they are going to (say, U.S. dolla
14、rs). The foreign exchange market is where this conversion takes place, and so it is instrumental in moving funds between countries. It is also important because it is where the foreign exchange rate, the price of one countrys currency in terms of anothers, is determined.What have these fluctuations
15、in the exchange rate meant to the Chinese public and businesses?二为什么要研究银行和金融机构(Why study Banking and Financial Institutions)?(一) 金融体系结构(Structure of the Financial System)The financial system is complex, comprising many different types of private sector financial institutions, including banks, insura
16、nce companies, mutual funds, financial companies, and investment banks, all of which are heavily regulated by the government. If an individual wanted to make a loan to IBM or GM, for example, they would not go directly to the president of the company and offer a loan. Instead, they would lend to suc
- 配套讲稿:
如PPT文件的首页显示word图标,表示该PPT已包含配套word讲稿。双击word图标可打开word文档。
- 特殊限制:
部分文档作品中含有的国旗、国徽等图片,仅作为作品整体效果示例展示,禁止商用。设计者仅对作品中独创性部分享有著作权。
- 关 键 词:
- 货币 金融学 第一章
限制150内