国际金融英文版资料.ppt

Inventory of international financial resources Non-bank financial institutions in global finance International financial markets International derivatives exchange-traded International non-exchange traded derivatives Non-bank Public international financial institutions public global financial institutions regional public national public Private international financial institutions global private regional private national private International financial markets Eurocurrency markets International debts markets-long-term global bonds/foreign bonds/eurobonds/special types of bonds Short-and medium-term debt markets Euro-commercial paper and euro-medium-term notes/floating rate euro-notes International equities International derivatives exchange-traded Users of derivatives/risks of derivatives Currency futures and options Interest rate futures and options International non-exchange traded derivatives Currency and interest rate swaps Inter-bank currency futures and options Exotic derivatives Eurocurrency markets International Debt Markets-long-term Short-and Medium-term Debt Markets International Equities Eurocurrency markets 1.The Eurocurrency market has been referred to as a stateless vat of money,essentially owing to no allegiance to any nation.It is a huge ,global inter-bank money and capital market that facilitates loans with maturities range from 90 days to 10 years or more and that is almost totally outside all government regulations. Eurocurrency markets 2.The cost of funds in this market is based on LIBOR,the London Inter-bank Offer Rate,the rate at which banks in the inter-bank system charge each other for funds of many different maturities 3.Origin of the market A number of reasons have been given for the origin of the Eurocurrency market.Some analysts go so far as to say that the Soviets initiated the process of trading Eurocurrencies before the western Europeans used foreign deposits. After World WAR II