货币银行学_Key terms.pdf

The Economics of Money, Banking and Financial Markets 璐у竵閾惰瀛 Chap 2 飦 Primary market 涓€绾у競鍦 P.26 涓€绾у競鍦猴紝鏄叕鍙告垨鏀垮簻鏈烘瀯绛夊€熸鏂瑰彂琛屽€哄埜銆佽偂绁ㄧ瓑璇佸埜锛屽苟鍚戝垵濮嬭喘 涔拌€呭嚭鍞殑閲戣瀺甯傚満銆 飦 Secondary market 浜岀骇甯傚満 P.26 浜岀骇甯傚満锛屼緵宸插彂琛岀殑璇佸埜鍐嶆鍑哄敭鐨勯噾铻嶅競鍦恒€ 飦 Over-the-counter(OTC) market 鍦哄浜ゆ槗甯傚満/鏌滃彴浜ゆ槗甯傚満 P.27 鍦哄浜ゆ槗甯傚満/鏌滃彴浜ゆ槗甯傚満锛屽湪杩欓噷锛屼笉鍚屽湴鍖虹殑鎸佹湁璇佸埜鐨勪氦鏄撳晢鑳藉 渚挎嵎鍦板湪鏌滃彴涓婂悜浠讳綍浠锋牸鎺ュ彈鑰呬拱鍏ュ拰鍗栧嚭璇佸埜銆 飦 Capital market 璧勬湰甯傚満 P.27 璧勬湰甯傚満锛屾槸鏈夎緝闀挎湡闄愮殑鍊哄姟宸ュ叿锛堥€氬父1 骞存垨浠ヤ笂锛夊拰鏉冪泭宸ュ叿鎵€杩涜 浜ゆ槗鐨勫競鍦恒€ 飦 Money market 璐у竵甯傚満 P.27 璐у竵甯傚満锛屼粎鏈夌煭鏈熷€哄姟宸ュ叿锛? 骞翠互鍐咃級鍜屾潈鐩婂伐鍏峰湪姝や氦鏄撶殑閲戣瀺甯傚満銆 飦 Eurobond 娆ф床鍊哄埜 P.33 娆ф床鍊哄埜鏄寚浠ユ煇鍥借揣甯佷负鏍囦环锛屼絾鍦ㄨ璐у竵鐨勫彂琛屽浗浠ュ鐨勮祫鏈競鍦轰笂鍑 鍞粰鎶曡祫鑰呯殑鍊哄埜銆傦紙鍙傝€冨浗闄呴噾铻嶆暀鏉愶級 飦 Eurocurrencies 娆ф床璐у竵 P.33 娆ф床璐у竵鏄寚璐у竵鍙戣鍥戒箣澶栫殑鍥介檯閾惰鎵€鎷ユ湁鐨勮璐у竵鐨勫畾鏈熷瓨娆俱€ 锛堝弬鑰冨浗闄呴噾铻嶆暀鏉愶級 飦 Eurodollars 娆ф床缇庡厓 P.33 娆ф床缇庡厓锛屽瓨鏀惧湪缇庡浗澧冨鐨勫鍥介摱琛屾垨缇庡浗閾惰鐨勫澶栧瓙閾惰鐨勭編鍏冭揣甯併€ 飦 Adverse selection 閫嗗悜閫夋嫨 P.37 閫嗗悜閫夋嫨锛屾槸鐢变俊鎭笉瀵圭О閫犳垚鐨勫彂鐢熷湪浜ゆ槗琛屼负涔嬪墠鐨勯棶棰? Adverse selection is the problem created by asymmetric information( 淇℃伅 涓嶅绉? before the transaction occurs. 锛堣繖閲岀殑鑻辨枃鍘熸枃澶毦缈昏瘧浜嗭紝寤鸿鑷繁澶氬搧璇荤37 椤典腑閮ㄧ殑瀹氫箟鍜岃В閲婏級 飦 Moral hazard 閬撳痉椋庨櫓/閬撳痉鍥板 P.38 閬撳痉椋庨櫓/閬撳痉鍥板锛屾槸鐢变俊鎭笉瀵圭О閫犳垚鐨勫彂鐢熷湪浜ゆ槗琛屼负涔嬪悗鐨勯棶棰? Moral hazard is the problem created by asymmetric information(淇℃伅涓嶅 绉? after the transaction occurs. 锛堣繖閲岀殑鑻辨枃鍘熸枃澶毦缈昏瘧浜嗭紝寤鸿鑷繁澶氬搧璇荤38 椤典腑閮ㄧ殑瀹氫箟鍜岃В閲婏級 Chap 3 锛堟棤锛 Chap 4 飦 Discount bond(zero-coupon bond) 璐寸幇鍊哄埜锛堥浂鎭€哄埜锛 P.70 璐寸幇鍊哄埜鏄紝浠ヤ綆浜庨潰鍊肩殑浠锋牸涔板叆锛屽埌鏈熸棩鎸夐潰鍊艰幏寰楀伩浠樼殑鍊哄埜銆 飦 Yield to maturity 鍒版湡鏀剁泭鐜 P.71 浣挎敹鍒扮殑鍊哄姟宸ュ叿鐨勭幇閲戞祦鏀粯绛変簬鐜拌浠锋牸鐨勫埄鐜囥€ 飦 Current yield 褰撴湡鏀剁泭鐜 P.77 褰撴湡鏀剁泭鐜囷紝褰撳勾鏀粯鐨勭エ闈㈠埄鎭櫎浠ュ€哄埜浠锋牸銆 飦 Yield on a discount basis ( or discount yield) 璐寸幇鍩虹涓婄殑鏀剁泭鐜 P.79 Formally, the yield on a discount basis is defined by the following formula: 饊€ 鈭 饊亙 360 饊仏肀戰€亸 = 脳