其他参考货银各章节要点梳理

Chapter1whystudymoney,bankingandfinancial1的作用financialmarketsarecrucialtopromotinggreatereconomicefficiencybychannelingfundsfrompeoplewhodonothaveaproductiveuseforthemtothosewhodo.Theinterestrateonthree-mouthtreasurybillsfluctuatesmorethantheinterestratesofernmentlong-termbondsandislower,onaverage.TheinterestrateonBaabondsishigherthanotherinterestrate,onaverage.P4金融体系(financialsystem)是由banks,insurancecompanies,mutualfunds,financialcompanies,andinvestmentbanks构成的。Businesscycles,theupwardanddownwardmovementofaggregateoutputproducedintheP9businesscycle货币供给的变动是经济周期波动的推动力之一经济前都伴随着货币增长率的下降P21AggregatepriceGDPdeflate（国内生产总值平减指数）=nominalGDP/realGDPRealGDP是指以某一固定年份价格水平表示的当年的国内生产总值PCEdeflate（个人消费支出平减指数）=nominalPCE/realPCEInflationrateisdefinedasthegrowthrateoftheaggregatepricelevelChapter2AnoverviewofthefinancialsystemDebtandequitymarketPrimaryandsecondarymarketEurobondsandEurocurrenciesP35金融中介机构的功能TransactioncostRisksharingAsymmetricinformationP39ChapterP45FunctionsofmoneyP57M1M2M3PART2ChapterP68Measuringinterestrates P71YieldtomaturityonsimpleloanP73onafixed-paymentloanP74CouponbondP75三个特点P76perpetuity不可兑换债券P77currentyield discountbondP78yieldonadiscountbasisP85interestrate 等式realandnominalinterestChapterP93assetP97supplyanddemandP98marketequilibriumP100shiftindemandandsupplycurveP106图效P107图P111liquidity P113changesinequilibriuminterestratesintheliquiditypreferenceP115图P116moneyandinterestepricelevelexpectedinflationeffectP120三幅图的情况分析Chapter6P129defaultrisk图P131liquidity（左移）P133P134termstructureofinterestYieldcurveandinvertedYieldcurveP141144146图ChapterP152theOne-PeriodValuationP153theGeneralizedDividendValuationP160rationalexpectationsinfinancial人们没办法在市场获得高额利润小公司效应ChapterP182eightpuzzlesP185金融中介机构如何降低成本Economiesofscale投资组合多样化P186AdverseselectionandmoralP188riderP192theprincipalagentP198图P209P212Chapter9bankingandthemanagementoffinancial一、P220图表银行的资产负债表，区分各项 T型账户资本充足性管理returnon 3承Chapter10ChapterToobigtofail太大而不能，可能会考论述Chapter12Chapter13Multipledepositcreationandthemoneysupply,,负债（1）currencyincirculation（2）reserves 资产（1）债券（2）贴现贴现率基础货币（高能货币）Openmarket公开市场a向银行进行的公开市场b向非银行公众进行的公开市场（注意T-account的变化c对基础货币的影响公开市场：a向银行进行的公开市场b向非银行公众进行的公开市场（注意T-account的变化c从存货币的转 Discount （T-account的变化floattreasurydepositattheFed财政存款Bm*Bm为1/rchapter14Determinantsoftheminey 货币乘数背后的意义：虽然存款存在多倍扩张，但现金却没有这样的扩张过程（REC不具备存款扩张过程）所以多倍存款扩张模型小于简化模型M=(1+c)/(r+e+c)*MB<M=B/rc呈负相关ei负相关e同预期存款外流呈正相关nonborrowedmonetarybaseborrowedreserves chapter15toolsofmonetary基金利率取决于准备金市场，探讨三种工具对基金利率的影响一、基金率和准备金市场：基金率和准备金市场的关系基金利率FFR上升，银行愿意持有的准备金增加，准： 央行的公开市场操作使基金利率下降大部分贴现利率的变动不会影响基金