金融英语教材.docVIP

Introduction to Finance Contents Part 1 Money and Credit 6 Section 1 Money and Money Supply 6 I. The Functions of Money 6 II. The Meaning and Types of Money 7 Section 2 Credit and Money Creation 14 I. Credit 14 II. The Forms of Credit 16 III. Money Creation 21 Part 2 Money Demand and Money Supply 26 Section 1 Money Demand 26 I. The Implication of Money Demand 26 II. The Factors That Determine Demand for Money 27 III. The Quantity of Money Needed and Its Measurement 29 IV. Theories of Money Demand 31 Section 2 Money Supply 42 I. The Quantity of Money Supply and Some Concepts Relating to It 42 II. The Mechanism of Money Supply 44 III. The Theories of Money Supply 49 Part 3 Inflation and Deflation 52 Section 1 Inflation 52 I. The Overview of Inflation 52 II. Inflation Effects 58 III. The Counter-measures of Inflation 64 IV. Deflation 67 Part 4 Balance-of-Payments 74 Section 1 Balance-of-Payments Structure 74 I. Current Account 74 II. Capital Account 75 III. Statistical Discrepancy: Errors and Omissions 76 Section 2 Balance-of-Payments Adjustments 77 I. Price Adjustments 77 II. Interest Adjustment 79 III. Income Adjustment 80 IV. Monetary Adjustment 80 Section 3 Theories of Balance-of-Payments 82 I. The Elasticity Approach to Exchange-Rate Adjustment 82 II. The Absorption Approach to Exchange-Rate Adjustment 84 III. The Monetary Approach to Exchange-Rate Adjustment 85 Part 5 Foreign Exchange 87 Section 1 Exchange-Rate Determination 87 Section 2 Types of Foreign-Exchange Transactions 89 Part 6 Macroeconomic Policy in an Open Economy 91 Section 1 Economic Policy in an Open Economy 91 I. Economic Objectives of Nations 91 II. Policy Instruments 91 III. Exchange-Rate Policies and Overall Balance 93 IV. Monetary Policy and Fiscal Policy: Effects on Internal Balance 94 V. Monetary and Fiscal Policies : Effects on External Balance 97 VI . Monetary Policy and Fiscal Policy: Policy Agreement and Policy Conflict 98 Section 2 External Debt 100 I. Definition and Classificati