中譯本科銀行管理課件cha-wenkub.com
2025-01-07 04:47 本頁面
【正文】 (2) Borrowed Liquidity (Liability) Management strategies ? The principal sources of borrowed liquidity for a bank. ? 銀行借入性流動資金主要來源 : Federal funds borrowings, CDs, repurchase agreement. 聯(lián)邦基金 , 存款單 (Certificates of Deposit), 回購協(xié)議 ? Borrowing liquidity is the most risky approach to solving bank liquidity problems because of the volatility of money market interest rates and the rapidity with which the availability of credit can change. ? 借入流動資金來緩解短期需求是風險比較大的方法 , 因為貨幣市場利率和信用會隨時變化 . ? Remember: a bank is liquid only if it has access, at reasonable cost, to liquid funds in exactly the amounts required at the time they are needed. （只有在金融機構能以合理的成本在需要時獲得所需數(shù)量的流動性資金時，才可以說它是具有流動性的） (3) Balanced (asset and liability) liquidity management strategies 綜合流動性 (資產(chǎn)和負債 )管理策略 ? Due to the risks inherent in relying on borrowed liquidity and the costs of storing liquidity in assets, most financial firms promise by using both asset and liability management. Under a balanced liquidity management strategy, some of the expected demands for liquidity are stored in assets( principally holdings of marketable securities), while other anticipated liquidity needs are backstopped by advanced arrangements for lines of credit from potential suppliers of funds. ? 因為借入流動資產(chǎn)的風險高，而轉換已有資產(chǎn)為流動性資產(chǎn)的機會成本高 , 大多數(shù)金融機構運用兩種方法尋求一種平衡。 (1) Asset Liquidity Management (or Asset Conversion) Strategies ? Asset liquidity management strategy is used mainly by smaller banks that find it a less risky approach to liquidity management than relying on borrowings. But asset conversion is not a costless approach to liquidity management. ? 資產(chǎn)流動性管理一般被小銀行采用，因為對于他們，借貸成本較高，而流動性管理風險較低。 (1) Asset Liquidity Management (or Asset Conversion) Strategies 資產(chǎn)流動性管理 ? It must have a reasonably stable price so that ,no matter how quickly the asset must be sold or how large the sale is, the market is deep enough to absorb the sale without a
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