《货币和资本市场》PPT课件

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

2、herolesplayedbythesystemoffinancialmarketsandinstitutionsintheglobaleconomy.Toexploreseveralkeytermsandconceptsofthemoneyandcapitalmarkets.Todiscoverhowimportantthefinancialsystemisinincreasingourstandardofliving,generatingnewjobs,andbuildingoursavingstomeetto

3、morrow’sfinancialneeds.IntroductionThefinancialsystemisthecollectionofmarkets,institutions,laws,regulations,andtechniquesthroughwhichbonds,stocks,andothersecuritiesaretraded,interestratesaredetermined,andfinancialservicesareproducedanddeliveredaroundtheworld.I

4、ntroductionTheprimarytaskofthefinancialsystemistomovescarceloanablefundsfromthosewhosavetothosewhoborrowtobuygoodsandservicesandtomakeinvestmentsinnewequipmentandfacilities,sothattheglobaleconomycangrowandthestandardoflivingcanincrease.FlowswithintheGlobalEcon

5、omicSystemThebasicfunctionoftheeconomicsystemistoallocatescarceresources–land,labor,managementskill,andcapital–toproducethegoodsandservicesneededbysociety.Theglobaleconomygeneratesaflowofproductioninreturnforaflowofpayments.Thecircularflowofproductionandincome

6、isinterdependentandneverending.FlowswithintheGlobalEconomicSystemLandandothernaturalresourcesLaborandmanagerialskillsCapitalequipmentFlowofproductionFlowofpaymentsGoodsandservicessoldtothepublicFlowswithintheGlobalEconomicSystemProducingunits(mainlybusinessfir

7、msandgovernments)Consumingunits(mainlyhouseholds)Flowofproductionofgoods&servicesFlowofproductiveservicesFlowofexpendituresforconsumption&taxesFlowofincomesTheRoleofMarketsintheGlobalEconomicSystemInmosteconomiesaroundtheworld,marketscarryoutthecomplextaskofal

8、locatingresourcesandproducinggoodsandservices.Themarketplacedetermineswhatgoodsandserviceswillbeproducedandinwhatquantitiesthroughtheirprices.Marketsalsodistributeincomebyrewarding