Chapter 4 Financial Market 且经济学院1
1 Chapter 4 Financial Market 0 10 20 30 40 90 91 92 93 94 95 96 97 98 99 00
Topics to be Discussed ⊙4.1 Introduction o 4.2 Banking system monetary market o 4.3 The interest rate national income 友学经济学院
Topics to be Discussed 4.1 Introduction 4.2 Banking system & monetary market 4.3 The interest rate & national income
41 Introduction o Physical assets financial assets o Money statistic caliber ⊙ Bonds ⊙ Stocks 友学经济学院
4.1 Introduction Physical assets & financial assets Money & statistic caliber Bonds Stocks
41 Introduction o Physical assets financial assets .o Basic concepts Physical asset equipments, factory buildings, automobiles, products, and product material Financial assets money、 bonds、 stocks 友学经济学院
Physical assets & financial assets ❖ Basic concepts Physical asset equipments, factory buildings, automobiles, products, and product material… Financial assets money、bonds、stocks … 4.1 Introduction
41 Introduction o physical assets financial assets Functions of financial assets Information transfer Lessen exchange cost 友学经济学院
physical assets & financial assets ❖Functions of financial assets Information transfer Lessen exchange cost 4.1 Introduction
41 Introduction o Money statistic caliber 冷 Function of money Transaction Form Measurement of value Means of Payment and Means of Hoard 友学经济学院
Money & statistic caliber ❖ Function of money Transaction Form Measurement of Value Means of Payment and Means of Hoard 4.1 Introduction
41 Introduction o Money statistic caliber &s Mo: Cash Currency(Cu) M M=C+D 友学经济学院
Money & statistic caliber ❖ M0：Cash & Currency (Cu) ❖ M1： M1 = Cu + D 4.1 Introduction
4.1 Introduction o Money statistic caliber M2: M1, Savings Deposits(Ds), Personal Term Deposits(Dt M=M+D+D 友学经济学院
Money & statistic caliber ❖ M2：M1，Savings Deposits (Ds), Personal Term Deposits (Dt) M2 = M1 + Ds + Dt 4.1 Introduction
41 Introduction o Money statistic caliber & M3: M2, Non-Personal Term Deposits and deposits in Foreign Currency, etc, Dn M3=M2+D 友学经济学院
Money & statistic caliber ❖ M3：M2 , Non-Personal Term Deposits and Deposits in Foreign Currency,etc, Dn M3 = M2 + Dn 4.1 Introduction
4.1 Introduction o Money statistic caliber Currency Deposit Ratio s The determination of Currency Deposit Ratio the behavior of the family and the firm 0<B<1 D 友学经济学院
Money & statistic caliber ❖ Currency Deposit Ratio ❖ The determination of Currency Deposit Ratio -----the behavior of the family and the firm = ，0 1 D Cu 4.1 Introduction