北大货币银行1

双学位课程《货币与银行》课程安排课程的目的•金融与银行是一门非常令人振奋的课程，她与我们每个人的日常生活紧密相关。•比如，利率的变动将影响到我们银行存款的利息收入和我们的房贷的利息支出；中央银行的货币政策可能影响到我们的收入、就业机会和购买的产品的价格。•我们也将讨论一些有争议的问题，比如说扩张型的货币政策是否应该退出？人民币是否应该升值？资本项目是否应该开放？•这些问题我们经常在媒体听到、读到。在本课程中学到的知识将令我们长期得益。©2006PearsonAddison-Wesley.Allrightsreserved1-2举例分析•下面的政策可能给个人带来什么样的影响？•《中国人民银行决定上调金融机构人民币存款准备金率0.5个百分点》中国人民银行决定，从2010年2月25日起，上调存款类金融机构人民币存款准备金率0.5个百分点。为加大对“三农”和县域经济的支持力度，农村信用社等小型金融机构暂不上调。（完）（2010年2月12日18：00上网）©2006PearsonAddison-Wesley.Allrightsreserved1-3考核方法•课程作业一（20%）：3月31日上交•课程作业二（10%）：4月28日上交•课程作业三（10%）：5月26日上交•期末考试（60%）：初步定为6月4日•强调学术道德，不接受迟交作业；作业抄袭和被抄袭者同时得零分；考试作弊按学校规定严肃处理。•注：3月16日不上课，以后补；3月24日不上课，做课程作业研究。©2006PearsonAddison-Wesley.Allrightsreserved1-4教学人员•授课教师办公室：朗润园702室•邮箱：[e-mail]•三位助教：•王勋•陶坤玉•王碧珺©2006PearsonAddison-Wesley.Allrightsreserved1-5Chapter1WhyStudyMoney,Banking,andFinancialMarkets?©2006PearsonAddison-Wesley.Allrightsreserved1-7WhyStudyFinancialMarkets?1.Channelfundsfromsaverstoinvestors,therebypromotingeconomicefficiency2.AffectpersonalwealthandbehaviorofbusinessfirmsWhyStudyBankingandFinancialInstitutions?1.FinancialIntermediationHelpsgetfundsfromsaverstoinvestors2.BanksandMoneySupplyCrucialroleincreationofmoney3.FinancialInnovationWhyStudyMoneyandMonetaryPolicy?1.Influenceonbusinesscycles,inflation,andinterestrates©2006PearsonAddison-Wesley.Allrightsreserved1-8BondMarket©2006PearsonAddison-Wesley.Allrightsreserved1-9StockMarket©2006PearsonAddison-Wesley.Allrightsreserved1-10ForeignExchangeMarket©2006PearsonAddison-Wesley.Allrightsreserved1-11MoneyandBusinessCycles©2006PearsonAddison-Wesley.Allrightsreserved1-12MoneyandthePriceLevel©2006PearsonAddison-Wesley.Allrightsreserved1-13MoneyGrowthandInflation©2006PearsonAddison-Wesley.Allrightsreserved1-14MoneyGrowthandInterestRates©2006PearsonAddison-Wesley.Allrightsreserved1-15FiscalPolicyandMonetaryPolicy1-16HowWeStudyMoneyandBankingBasicAnalyticFramework1.Simplifiedapproachtothedemandforassets2.Conceptofequilibrium3.Basicsupplyanddemandapproachtounderstandbehaviorinfinancialmarkets4.Searchforprofits5.Transactionscostandasymmetricinformationapproachtofinancialstructure6.AggregatesupplyanddemandanalysisFeatures1.Casestudies2.Applications3.Special-interestboxes4.FollowingtheFinancialNewsboxes5.ReadingtheWallStreetJournal6.WebExercisesandURLs©2006PearsonAddison-Wesley.Allrightsreserved1-17Appendix:DefinitionsAggregateOutputGrossDomesticProduct(GDP)=ValueofallfinalgoodsandservicesproducedindomesticeconomyduringyearAggregateIncomeTotalincomeoffactorsofproduction(land,capital,labor)duringyearDistinctionBetweenNominalandRealNominal=valuesmeasuredusingcurrentpricesReal=quantities,measuredwithconstantpricesAggregatePriceLevelnominalGDPGDPDeflator=realGDP$10trillionGDPDeflator==1.11$9trillionConsumerPriceIndex(CPI)priceof“basket”ofgoodsandservices©2006PearsonAddison-Wesley.Allrightsreserved1-18Appendix:DefinitionsGrowthRatesandtheInflationRate11GrowthRate100tttxxx$9.5trillion$9trillionGDPGrowthRate1005.6%$9trillion113111InflationRate1001.8%111