金融英语4综述.pptVIP

They become the banker for commercial banks. They‘re seen to be safe, other banks will put money on deposit with them. They become a leader of the banking community and in times of crisis it’s this central bank that can assist banks who get into trouble. Copyright ? 2010 Pearson Education, Inc. Publishing as Prentice Hall * Now, theres a price to pay to be in the club, to have a central banker, and that is usually there is a set of sort of informal rules grow up about the behavior of the other banks. They will hold a certain amount of capital, theyll hold some of their liquid assets on deposit with the central bank. If youre going to be bailed out you have to abide by convention. Copyright ? 2010 Pearson Education, Inc. Publishing as Prentice Hall * liquid assets：流动资金，指可以迅速变成现金而不会有价值损失或损失较小的资产 bail out：帮助...摆脱困境 Central Bank: a lender of last resort Support for the safety of the banking system via a lender of last resort mechanism became the most important function of central banks in the early twentieth century. However, the capacity of central banks to support commercial banks in trouble should not be overestimated. Copyright ? 2010 Pearson Education, Inc. Publishing as Prentice Hall * Central banks have never actually had that much capital of their own, and theyve never been able to finance any large scale rescue entirely on their own. Instead they act as information gatherers and coordinators of the banking system and they encourage and corral the banks as a group to provide support and assistance to the bank in difficulty. Copyright ? 2010 Pearson Education, Inc. Publishing as Prentice Hall * information gatherer：信息收集人 Coordinator：协调人 Corral：把...集合在一起 Rescue：救援 And that has actually been the case more or less throughout ... and the Bank of England has acted as the coordinator and the central operator of a rescue system, rather than doing it all by itself. Copyright ? 2010 Pearson Education, Inc. Publishing as Prentice Hall * More recently, the willingness