货币金融学chp01introduction08年.pptVIP

货币金融学Economics of Money,Banking and Financial Markets 瞿 强 School of Finance, RUC Spring, 2008 Chp.1 IntroductionTopics Covered 课程简介 Syllabus (1) “金融” v. “Finance” JEL分类 (2) 宏观经济学、货币经济学与金融经济学的发展演变 (3) 货币简介 (4) 货币与信用 (5) 金融体系 Reading List 黄达，Chp.1，“货币与货币制度” Chp.2，“信用“ Chp.3，“金融” Chp.11, “金融体系格局” 1. 《货币银行学》,《金融学》, Finance 传统上，金融体系 ? 货币＋银行 但是，世界在变化 “Finance” v. “金融” 其他国家与地区的情况 JEL 货币经济学V.金融经济学 A: General Economics and Teaching B: Methodology and History of Economic Thought C: Mathematical and Quantitative Methods D: Microeconomics E: Macroeconomics and Monetary Economics E1 General Aggregative Models E2 Consumption, Saving, Production, Employment, and Investment E3 Prices, Business Fluctuations, and Cycles E4 Money and Interest Rates E5 Monetary Policy, Central Banking, and the Supply of Money and Credit E6 Macroeconomic Aspects of Public Finance, Macroeconomic Policy, F: International Economics G: Financial Economics G1 General Financial Markets G2 Financial Institutions and Services G3 Corporate Finance and Governance H: Public Economics I: Health, Education, and Welfare J: Labor and Demographic Economics K: Law and Economics 货币金融学的基本框架 2.宏观经济学与货币经济学的发展 大萧条Great Depression : 1929-1933 U.S.: Stock Market(-90%); GDP(-28%); Unemployment(25%); Bank Failure (30%) 宏观经济学与政策的分水岭（Watershed of Macro theories and Policy） Explanations: 古典（Classical） 凯恩斯（Keynes） 其他解释 QQ：多种因素重叠（overlapping）; 特别是经济稳定的制度安排（esp. institution） 核心问题或主线（Key Issues）: (1) 政府与市场（Market v. Government） (2) 货币中性与非中性（Money: neutral v. active） 金融经济学Financial Economics: Finance， by Bodie Merton ,2000. Pearson Education. Capital Ideas: The Modern Improbable Origins of Modern Wall Street by P. Bernstein, 1992, the Free Press. 《投资革命》 ，上海远东，2001。 1952： Markowitz 1958： M ＆M 1973：Black , Scholes and Merton 3. 货币概述 What is “Money”? “人生识字糊涂始” “货币恐怕也如此” 日常生活用语： “出门买菜要带钱！” “这支冰棍多少钱？” “某某最近买了一栋别墅，真是有钱人哪！！！” Introduct