chapter4 MoneyMarket英语知识分享.pptVIP

Chapter 4 Money Market;;Course Structure;Definition;;Characteristics;Where?;ＳＷＩＦＴ ＣＨＩPＳ ＣＨＡＰＳ ＦＥＤＷＩRＥ;Why Do We Need the Money Market?;Why Do We Need the Money Market?;Money Market Cost Advantages;Reserve Requirement The reserve ratio is sometimes used as a tool in the monetary policy, influencing the countrys economy, borrowing, and interest rates. Western central banks rarely alter the reserve requirements because it would cause immediate liquidity problems for banks with low excess reserves; they prefer to use open market operations to implement their monetary policy. The Peoples