02+金融体系概览.ppt

第二章 金融体系概览 An Overview of the Financial System * 金融体系及其功能Purpose of the Financial System 资金的融通 Provides channels to transfer funds from savers to borrowers. Savers are suppliers of funds.Borrowers are demanders of funds. 金融市场 Financial markets issue claims on borrowers directly to savers. 金融中介机构 Financial intermediaries act as go-betweens by holding a portfolio of assets and issuing claims to savers. * 金融体系的资金融通 Moving Funds Through the Financial System * * 金融市场的结构Classifications of Financial Markets 债务市场 Debt Markets与股权市场Equity Markets 一级市场Primary Market和二级市场 Secondary Market: 交易所Exchan