資本市場和金融機構(gòu)(7)-預(yù)覽頁
【正文】 through moary policy ? BofC is fairly independent * Greater independence of Central Banks ? better moary policy ? greater economic wellbeing 。1 Bank of Canada (Based on Ch 6, Mishkin et al.) Central banks and their importance Functions of Bank of Canada Independence of Bank of Canada Structure of the Bank of Canada Other Central banks Conclusions 2 Central Banks Government authorities in charge of the moary policy (Management of interest rates and money supply) Importance of Central Banks ? Amount of credit ? Money supply ? Interest rates ? Lender of last resort [An important reason for having a central bank is the need for a lender of last resort to prevent systemic financial crises. Banks are more prone to crises than other businesses because their assets are largely longterm, whereas their liabilities (deposits) can be withdrawn on demand.] ? Effect in expected inflation rate, on foreign exchange rate, expected economic growth rate
公司管理相關(guān)推薦
鄂ICP備17016276號-1