金融市场期末复习

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1、期末复习名词解释1.Fishereffect:thisrelationshipbetweeninterestratesandexpectedinflationisoftenreferredtoasthefishereffect2.Surplusunits:financialmarketparticipantsprovidefundsarecalledsurplusunits.3.mutualfunds:mutualfundssellsharestosurplusunitsandusethefundsreceivedtopurchaseaportfolioofsecurities.

2、4.circuitbreakers:arenowusedtotemporarilyhaltthetradingofsomesecuritiesorcontracts.5.IPO:initialpublicofferingisafirst-timeofferingofsharesbyaspecificfirmtothepublic6.moneymarkets:thisfinancialmarketfacilitatetheflowofshort-termfunds.(lessthanoneyear)7.derivativesecurities:arefinancialcontrac

3、tswhosevaluesarederivedfromthevaluesofunderlyingassets.8.federalfunds:thefederalfundsmarketallowsdepositoryinstitutionsespeciallyforinterbankstoeffectivelylendorborrowshort-termfundsfromeachother.9.callfeature:Ifasecurityoffersanyspecialprovisiontoinvestors,itsyieldmaybeinfluenced.Onetypeofpr

4、ovision,calledacallfeature10.yieldtomaturity:theissuer’scostoffinancingwithbondsiscommonlymeasuredbytheso-calledyieldtomaturity11.Nasdaq:NationalAssociationofSecuritiesDealersAutomatedQuotations,Whichisanelectronicquotationsystemthatprovidesimmediatepricequotations.12.crowdingouteffect:thefed

5、eralgovernmentmaybewillingtopaywhateverisnecessarytoborrowthesefunds,buttheprivatesectormaynot.13.shortsale:saleofsecuritiesorcommodityfuturesnotownedbytheseller(whohopestobuythembacklateratalowerprice)14.convertibilityclause:anotherspecialprovisionofbondsthatcanaffecttheyieldisaconvertibilit

6、yclause,whichallowsinvestorsmayrequireextracompensationtopurchasethebonds.15.repurchaseagreements:onepartysellssecuritiestoanotherwithanagreementtorepurchasethesecuritiesthesecuritiesataspecifieddateandprice.16.p/eratio:itrepresentsitsprevailingstockpricepersharedividedbytheearningspersharege

7、neratedoverthelastyear.17.effectiveyield:itisdependentontheyieldearnedonthemoneymarketsecurityintheforeigncurrencyandtheexchangerateeffect.18.NCDs:negotiablecertificatesofdepositareissuedbylargecommercialbanksandotherdepositoryinstitutionassh