货币金融学关键名词 英文版.doc

Key Terms CH1 financial intermediaries, p. 7 financial markets, p. 3 security, p. 3 stock, p. 5 CH2 adverse selection, p. 32 diversification, p. 32 Eurocurrencies, p. 28 financial panic, p. 39 liquidity services, p. 31 maturity, p. 26 money market, p. 27 moral hazard, p. 33 over-the-counter (OTC) market, p. 27 portfolio, p. 32 primary market, p. 26 risk sharing, p. 31 secondary market, p. 26 underwriting, p. 26 CH3 commodity money, p. 48 currency, p. 44 electronic money (e-money), p. 51 fiat money, p. 48 M1, p. 52 M2, p. 52 payments system, p. 48 CH4 basis point, p. 74 consol or perpetuity, p. 67 coupon bond, p. 63 current yield, p. 70 discount bond (zero-coupon bond),p. 64 face value (par value), p. 63 fixed-payment loan (fully amortized loan), p. 63 indexed bond, p. 82 present discounted value, p. 61 rate of capital gain, p. 76 return (rate of return), p. 75 yield to maturity, p. 64 CH5 asset market approach, p. 93 expected return, p. 86 liquidity preference framework,p. 105 loanable funds framework, p. 92 opportunity cost, p. 106 theory of asset demand, p. 87 CH6 default-free bonds, p. 121 junk bonds, p. 124 liquidity premium theory, p. 133 preferred habitat theory, p. 134 risk premium, p. 121 risk structure of interest rates, p. 120 term structure of interest rates, p. 120 yield curve, p. 127 CH7 bubble, p. 164 cash flows, p. 141 efficient market hypothesis, p. 149 January effect, p. 156 mean reversion, p. 157 rational expectations, p. 147 unexploited profit opportunity, p. 152 CH8 agency theory, p. 175, 189 cash flow, p. 190 collateral, p. 172 costly state verification, p. 182 debt deflation, p. 192 free-rider problem, p. 176 insolvent, p. 192 net worth (equity capital), p. 180 pecking order hypothesis, p. 180 principal–agent problem, p. 181 restrictive covenants, p. 172 CH9 asset management, p. 208 capital adequacy management, p. 208 credit rationing, p. 220 discount rate, p. 210 duration analysis, p. 221 equity multiplier (EM), p. 214 excess reserves, p. 204