网站大量收购独家精品文档,联系QQ:2885784924

TheRegulationOfTheFinancialInstitutions’Sector文件材料.ppt

TheRegulationOfTheFinancialInstitutions’Sector文件材料.ppt

  1. 1、本文档共55页,可阅读全部内容。
  2. 2、原创力文档(book118)网站文档一经付费(服务费),不意味着购买了该文档的版权,仅供个人/单位学习、研究之用,不得用于商业用途,未经授权,严禁复制、发行、汇编、翻译或者网络传播等,侵权必究。
  3. 3、本站所有内容均由合作方或网友上传,本站不对文档的完整性、权威性及其观点立场正确性做任何保证或承诺!文档内容仅供研究参考,付费前请自行鉴别。如您付费,意味着您自己接受本站规则且自行承担风险,本站不退款、不进行额外附加服务;查看《如何避免下载的几个坑》。如果您已付费下载过本站文档,您可以点击 这里二次下载
  4. 4、如文档侵犯商业秘密、侵犯著作权、侵犯人身权等,请点击“版权申诉”(推荐),也可以打举报电话:400-050-0827(电话支持时间:9:00-18:30)。
查看更多
Money and Capital Markets 19 C h a p t e r Eighth Edition Financial Institutions and Instruments in a Global Marketplace Peter S. Rose McGraw Hill / Irwin Slides by Yee-Tien (Ted) Fu The Treasury In The Financial Markets ? Learning Objectives ? To examine the many important roles played by the government’s Treasury Department. To identify how the government raises new funds and how it spends the funds raised. To understand how the activities of the Treasury Department impact the money and capital markets and the economy. To explore two key government policy tools – fiscal policy and debt management. Introduction The U.S. Treasury Department exerts a potent impact on the financial system through its fiscal policy – the taxing and spending programs of the federal government designed to promote various economic goals, and debt management policy – the refunding or refinancing of the federal government’s debt in a way that contributes to its economic goals and minimizes the debt burden. The Fiscal Policy Activities of The U.S. Treasury Congress dictates the amount of funds the federal government will spend each year on programs like welfare and national defense, and also determines the sources of tax revenue and tax rates. When tax revenues are not sufficient to cover expenditures, a budget deficit occurs. A budget surplus occurs when government revenues exceed expenditures. The Fiscal Policy Activities of The U.S. Treasury Federal Government Revenues, Expenditures, and Net Budget Surplus/Deficit Fiscal Years $ Billions Receipts Outlays Surplus or Deficit (-) Data Source: U.S. Office of Management and Budget The Fiscal Policy Activities of The U.S. Treasury Source: U.S. Office of Management and Budget Federal Government Revenues, Expenditures, Net Budget Surplus/Deficit The Fiscal Policy Activities of The U.S. Treasury Recent Tax and Expenditure Legislation The Economic Recovery Tax Act (1981) aimed to simulate savings and business investment in order to reduce inflati

文档评论(0)

youngyu0329 + 关注
实名认证
内容提供者

该用户很懒,什么也没介绍

1亿VIP精品文档

相关文档