TAILIEUCHUNG - Lecture Money and capital markets: Chapter 10 - Peter Rose, Milton Marquis

Chapter 10 - Introduction to the money market and the roles played by governments and security dealers. This chapter has presented, first of all, a broad overview of one of the most important components of any financial system, the money market. The chapter then explores the roles played by governments and security dealers in keeping the money market functioning efficiently. | Chapter 10 Introduction to the Money Market and the Roles Played by Governments and Security Dealers Learning Objectives To understand the many roles and functions performed by the money market. To identify the key money market players. To examine the roles that governments and security dealers play in the functioning of the money market. To discover how Treasury bills and repurchase agreements (RPs) arise through borrowing and lending in the money market. Introduction All the transactions carried out in the financial markets seem to be basically the same: borrowers issue securities that lenders buy. However, the different purposes for which money is borrowed can result in the creation of different kinds of financial assets having different maturities, risks, etc. For instance, the money market is the market for short-term (one year or less) credit. Characteristics of the Money Market The money market is the mechanism through which holders of temporary cash surpluses meet holders

• Tài chính doanh nghiệp
• Capital markets
• Lecture Money and capital markets
• Financial institutions
• Global marketplace
• Financial system
• Investment risk
• Money markets
• Financial markets
• Central banks
• Monetary policy
• Stock markets
• Global economy
• Financial assets
• Financial transactions
• Financial information marketplace
• Financial forces
• Interest rates
• Calculating interest rates
• Risk structure of interest rates
• Interest rate forecasting
• Major corporations
• Federal credit agencies
• Services of the federal reserve
• Central bank monetary policy
• Commercial banking industry
• Nonbank thrift institutions
• Insurance companies
• Investment banks
• Federal reserve system
• Local governments operating
• Business borrowing
• Corporate stock
• Consumer lending
• Residential mortgage market
• International transactions
• Currency values