MoneyMarket论文分析.docVIP

金融市场与机构 题目：Money Market 姓名：胡金义 学号：2014132127 学院：外国语学院  目录 Money Markets Defined……………………………………………………3 Functions of the money market……………………………………………5 Participants…………………………………………………………………7 4. Common money market instruments ……………………………………9  Money Market Abstract: As money became a commodity, the money market has became a component of the financial markets for assets involved in short-term borrowing, lending, buying and selling with original maturities of one year or less. Trading in money markets is done over the counter and is wholesale.It provides liquidity funding for the global financial system. Money markets and capital markets are parts of financial markets. The instruments bear differing maturities, currencies, credit risks and structure. Therefore they may be used to distribute the exposure. Key words:money market；trading；funding . The money market plays a crucial role in financing both internal and international trade. Together with the capital market, they constitute the core and main body of one country’s financial market. China’s money market witnesses a rapid growth in 1998. Since then, China’s money market keeps flourishing. To some extent, the money market in China is a consequence of the initiation of the socialist market economy and also it is the natural result of the reform in China’s market economy. With more than one decade’s development, the money market in China has been shaped with a certain scope and has formed its own framework and submarkets including the interbank lending and borrowing market, the repurchase market, the bond market and the bill market. Now, China’s money market performs significance in China’s financial market and has a major effect on monetary policies. However, the liquidity tightness that happened from June, 2013 sounds the alarm to us that China’s money market is st