chapter 4 Money Market.pptVIP

Chapter 4 Money Market Lombard Street ---a description of the money market By Walter Bagehot Course Structure 1.The Money Markets Defined 2.The Purpose of the Money Markets 3.Who Participates in the Money Markets? 4.Money Market Instruments About Money Market There are some arguments existed with the name of money market Money—currency—is not traded in the money markets. Because the securities that do trade there are short-term and highly liquid, however, they are close to being money. Definition Market for short-term debt securities, such as call market (短期拆借市场)