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Lecture Financial institutions, instruments and markets (6/e): Chapter 12 - Christopher Viney

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Lecture Financial institutions, instruments and markets (6/e): Chapter 12 - Christopher Viney. Chapter 12 - Government debt, monetary policy and the payments system. The goals of this chapter are: Outline reasons why governments borrow; describe features of the main commonwealth government debt instruments, issuance process, participants and related calculations; describe the purpose and structure of state government central borrowing authorities;.... Giống những thư viện tài liệu khác được bạn đọc giới thiệu hoặc do tìm kiếm lại và chia sẽ lại cho các bạn với mục đích tham khảo , chúng tôi không thu tiền từ bạn đọc ,nếu phát hiện nội dung phi phạm bản quyền hoặc vi phạm pháp luật xin thông báo cho chúng tôi,Ngoài giáo án bài giảng này, bạn có thể download bài giảng,luận văn mẫu phục vụ học tập Một số tài liệu tải về mất font không hiển thị đúng, nguyên nhân máy tính bạn không hỗ trợ font củ, bạn download các font .vntime củ về cài sẽ xem được.

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tailieumienphi.vn chia sẽ tới bạn đọc bài Lecture Financial institutions, instruments and markets (6/e): Chapter 12 - Christopher VineyThư viện Lecture Financial institutions, instruments and markets (6/e): Chapter 12 - Christopher Viney thuộc danh mục ,Tài Chính - Ngân Hàng,Tài chính doanh nghiệp được giới thiệu bởi taichinhdoanhnghiep tới bạn đọc nhằm mục tiêu nâng cao kiến thức , thư viện này đã giới thiệu vào danh mục ,Tài Chính - Ngân Hàng,Tài chính doanh nghiệp , có tổng cộng 43 trang , thuộc file PPT, cùng chuyên mục Government debt, Monetary policy, Financial institutions, Financial Instruments, Financial markets, Financial system, Payments system : Chapter 12 - Government debt, monetary policy and the payments system, kế tiếp là The goals of this chapter are: Outline reasons why governments borrow; describe features of the main commonwealth government debt instruments, issuance process, participants and related calculations; describe the purpose and structure of state government central borrowing authorities;, nói thêm là Chapter 12 Government Debt, Monetary Policy and the Payments System Websites: www, nói thêm rba, cho biết thêm gov, ý nữa au www, ngoài ra aofm,còn cho biết thêm gov, cho biết thêm au Copyright 2009 McGraw-Hill Australia Pty Ltd 12-1 Learning Objectives • Outline reasons why governments borrow • Describe features of the main Commonwealth government debt instruments, issuance process, participants and related calculations • Describe the purpose and structure of state government central borrowing authorities • Outline monetary policy techniques used by the RBA to influence interest rates, including open market operations and the impacts on system liquidity • Describe t
Chapter 12 Government Debt, Monetary Policy and the Payments System Websites: www.rba.gov.au www.aofm.gov.au Copyright 2009 McGraw-Hill Australia Pty Ltd 12-1 Learning Objectives • Outline reasons why governments borrow • Describe features of the main Commonwealth government debt instruments, issuance process, participants and related calculations • Describe the purpose and structure of state government central borrowing authorities • Outline monetary policy techniques used by the RBA to influence interest rates, including open market operations and the impacts on system liquidity • Describe the purpose and operation of the payments system Copyright 2009 McGraw-Hill Australia Pty Ltd PPTs t/a Financial Institutions, Instruments and Markets 6e by Viney Slides prepared by Anthony Stanger 12-2 Chapter Organisation 12.1 Commonwealth Government Borrowing 12.2 Commonwealth Government Securities 12.3 State Government Securities 12.4 Monetary Policy 12.5 The Payments System 12.6 Summary Copyright 2009 McGraw-Hill Australia Pty Ltd PPTs t/a Financial Institutions, Instruments and Markets 6e by Viney Slides prepared by Anthony Stanger 12-3 12.1Commonwealth Government Borrowing • Governments need to fund capital and recurrent expenditures – This is achieved by issuing debt securities in the money and capital markets • Fiscal policy relates to the annual incomes and expenditures of a government • Monetary policy affects the level of short-term interest rates by adjusting the level of financial system liquidity Copyright 2009 McGraw-Hill Australia Pty Ltd PPTs t/a Financial Institutions, Instruments and Markets 6e by Viney Slides prepared by Anthony Stanger 12-4 12.1Commonwealth Government Borrowing (cont.) • Borrowing requirement – Full financial year Borrow to finance budget deficits Roll over existing bonds that mature Retire debt at/prior to maturity if budget in surplus Instruments issued are Treasury bonds and they are bought mainly by commercial banks, other financial institutions and portfolio managers for: • liquidity management • portfolio investments • risk management • payments system requirements • prudential requirements Copyright 2009 McGraw-Hill Australia Pty Ltd PPTs t/a Financial Institutions, Instruments and Markets 6e by Viney Slides prepared by Anthony Stanger 12-5 ... - tailieumienphi.vn 1084987

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