《货币和资本市场》PPT课件

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1、MoneyandCapitalMarkets1ChapterEighthEditionFinancialInstitutionsandInstrumentsinaGlobalMarketplacePeterS.RoseMcGrawHill/IrwinSlidesbyYee-Tien(Ted)FuFunctionsandRolesoftheFinancialSystemintheGlobalEconomyLearningObjectivesTounderstandthefunctionsperformedandtherolesplayedbythesy

2、stemoffinancialmarketsandinstitutionsintheglobaleconomy.Toexploreseveralkeytermsandconceptsofthemoneyandcapitalmarkets.Todiscoverhowimportantthefinancialsystemisinincreasingourstandardofliving,generatingnewjobs,andbuildingoursavingstomeettomorrow’sfinancialneeds.IntroductionThefi

3、nancialsystemisthecollectionofmarkets,institutions,laws,regulations,andtechniquesthroughwhichbonds,stocks,andothersecuritiesaretraded,interestratesaredetermined,andfinancialservicesareproducedanddeliveredaroundtheworld.IntroductionTheprimarytaskofthefinancialsystemistomovescarcel

4、oanablefundsfromthosewhosavetothosewhoborrowtobuygoodsandservicesandtomakeinvestmentsinnewequipmentandfacilities,sothattheglobaleconomycangrowandthestandardoflivingcanincrease.FlowswithintheGlobalEconomicSystemThebasicfunctionoftheeconomicsystemistoallocatescarceresources–land,la

5、bor,managementskill,andcapital–toproducethegoodsandservicesneededbysociety.Theglobaleconomygeneratesaflowofproductioninreturnforaflowofpayments.Thecircularflowofproductionandincomeisinterdependentandneverending.FlowswithintheGlobalEconomicSystemLandandothernaturalresourcesLaboran

6、dmanagerialskillsCapitalequipmentFlowofproductionFlowofpaymentsGoodsandservicessoldtothepublicFlowswithintheGlobalEconomicSystemProducingunits(mainlybusinessfirmsandgovernments)Consumingunits(mainlyhouseholds)Flowofproductionofgoods&servicesFlowofproductiveservicesFlowofexpenditu

7、resforconsumption&taxesFlowofincomesTheRoleofMarketsintheGlobalEconomicSystemInmosteconomiesaroundtheworld,marketscarryoutthecomplextaskofallocatingresourcesandproducinggoodsandservices.Themarketplacedetermineswhatgoodsandserviceswillbeproducedandinwhatquantitiesthroughtheirprice

8、s.Marketsalsodistributeincomebyrewarding