北大光华-张圣平-货币金融引言本科2008资料.pptVIP

* * Why Study Money, Banking, and Financial Markets? Why Study Financial Markets? Bond market, Stock market, and Foreign Exchange Market Channel funds from savers to investors, thereby promoting economic efficiency: Affect personal wealth and behavior of business firms Why Study Banking and Financial Institutions? 1. Financial Intermediation Helps get funds from savers to investors 2. Banks and Money Supply Crucial role in creation of money 3. Financial Innovation Why Study Money and Monetary Policy? Influence on business cycles, inflation, and interest rates Conduct of Monetary Policy *