储蓄、投资与金融体系.pptVIP

* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * 2 * * * * * 利率是借（贷）款的价格。 The interest rate is the price of the loan. 它代表借入者为贷款支付的金额，也是借出者从储蓄中得到的金额。 It represents the amount that borrowers pay for loans and the amount that lenders receive on their saving. 可贷资金市场上的利率是实际利率。 The interest rate in the market for loanable funds is the real interest rate. 可贷资金市场的供给：储蓄Supply of Loanable Funds: Saving * 可贷资金市场的供给：储蓄Supply of Loanable Funds: Saving 由于高利率使储蓄更有吸引力（当期消费更缺乏吸引力），所以，随着利率的上升，可贷资金的供给量增加。 Because a high interest rate makes saving more attractive (or current consumption less attractive), the quantity of loanable funds supplied rises as the interest rate rises. 可贷资金的供给曲线向右上方倾斜。 The supply curve for loanable funds slopes upward. * 可贷资金市场的需求：投资Demand for Loanable Funds: Investment 可贷资金的需求来自于希望借入以进行投资的家庭和企业。 The demand for loanable funds comes from households and firms that wish to borrow to make investments. * 可贷资金市场的需求：投资Demand for Loanable Funds: Investment 由于高利率使得借款更为昂贵，所以，随着利率的上升，可贷资金的需求量减少。 Because a high interest rate makes borrowing more expensive, the quantity of loanable funds demanded falls as the interest rate rises. 可贷资金的需求曲线向右下方倾斜。 The demand curve for loanable funds slopes downward. * 可贷资金市场上的供给与需求Supply and Demand for Loanable Funds 金融市场的运作和经济中的其他市场非常相似。 Financial markets work much like other markets in the economy. 利率调节使得可贷资金供求平衡，协调了储蓄和投资。 When the interest rate adjusts to balance supply and demand in the market