FINANCIALMARKETc剖析.ppt

Assess the impact of monetary policy (on the market) According the markets traders participated and their expectations , the influence from monetary policy will be different to them The analysis should base on: Money supply movement Influence on i.r. from money supply See exht 5.9 page 122 Question: the recent decreasing i.r. declared by the PBC and other central banks including the Fed means? What consequences will be? Market reaction to reported money supply levels Periodically, report of money supply will be released,. If the long term target of monetary policy is stable, then the short te