金融英语ppt-06.ppt

Financial Terms 金本位 贴现率 固定汇率 浮动汇率 预算赤字 政府债券 公开市场操作 货币供应 商业银行 Chapter ７ COMING SOON 制作：沈小涛，西南民族大学经济学院 * Unit of measure * Footnote Source: Source Working Draft - Last Modified 26.06.2007 21:39:06 ? ? ● Financial English 2014 CONFIDENTIAL Document Date This report is solely for the use of client personnel. No part of it may be circulated, quoted, or reproduced for distribution outside the client organization without prior written approval from McKinsey Company. This material was used by McKinsey Company during an oral presentation; it is not a complete record of the discussion. Working Draft  What Are Central Banks? 2014 Financial English Chapter 6 Prepared by Shen Xiaotao, SWUN Learning Objectives By the end of this chapter, you should be able to know about: ★ central bank; ★ functions of central bank; ★ gold standard; ★ open market operations; discount rate Structure I. Introduction II. The Rise of the Central Bank III. How the Central Bank Influences an Economy Transitional Economies I. Introduction -- What are the main functions of central banks? -- What does “the lender of last resort” mean? Introduction --What is a central bank? A central bank, reserve bank, or monetary authority is an institution that manages a nations currency, money supply, and interest rates. Central banks also usually oversee the commercial banking system of their respective countries. The Federal Reserve is the central bank for the United States, the European Central Bank is the central bank of Europe, the Bank of England is the central bank of England and the Bank of Japan is the central bank of Japan. Introduction What are the main functions of central bank? Bank of issue The