Содержание
- 2. Lecture 10. Money Markets Murodullo Bazarov m.bazarov@wiut.uz ATB205 office hours: Tues 11:00-13:00
- 3. Lecture Outline The Money Markets Defined The Purpose of Money Markets Who Participates in Money Markets?
- 4. The Money Markets Defined The term “money market” is a misnomer. Money (currency) is not actually
- 5. Why Do We Need Money Markets? The banking industry should handle the needs for short-term funding
- 6. Cost Advantages of Money Markets Reserve requirements create additional expense for banks that money markets do
- 7. 3-month T-bill rates and Interest Rate Ceilings
- 8. The Purpose of Money Markets Investors in Money Market: Provides a place for warehousing surplus funds
- 9. Sample rates from the Federal Reserve Sample Money Market Rates, May 15, 2013
- 10. Who Participates in the Money Markets?
- 11. Money Market Instruments Treasury Bills Federal Funds Repurchase Agreements Negotiable Certificates of Deposit Commercial Paper Banker’s
- 12. Money Market Instruments: Treasury Bills T-bills have 28-day maturities through 12- month maturities. Discounting: When an
- 13. Money Market Instruments: Treasury Bills T-bills are auctioned to the dealers every Thursday. The Treasury may
- 14. Money Market Instruments: Treasury Bills The Treasury accepts the following bids: Bidder Bid Amount Bid Price
- 15. Money Market Instruments: Treasury Bills
- 16. Money Market Instruments: Fed Funds Short-term funds transferred (loaned or borrowed) between financial institutions, usually for
- 17. Money Market Instruments: Fed Funds Federal Funds and Treasury Bill Interest Rates, January 1990–January 2013
- 18. Money Market Instruments: Repurchase Agreements These work similar to the market for fed funds, but nonbanks
- 19. Money Market Instruments: Negotiable Certificates of Deposit A bank-issued security that documents a deposit and specifies
- 20. Money Market Instruments: Negotiable Certificates of Deposit Rates Interest Rates on Negotiable Certificates of Deposit and
- 21. Money Market Instruments: Commercial Paper Unsecured promissory notes, issued by corporations, that mature in no more
- 22. Money Market Instruments: Commercial Paper Rates Return on Commercial Paper and the Prime Rate, 1990–2013
- 23. Money Market Instruments: Commercial Paper Volume Volume of Commercial Paper Outstanding
- 24. Money Market Instruments: Banker’s Acceptances An order to pay a specified amount to the bearer on
- 25. Money Market Instruments: Eurodollars Eurodollars represent Dollar denominated deposits held in foreign banks. The market is
- 26. Money Market Instruments: Eurodollars Rates London interbank bid rate (LIBID) The rate paid by banks buying
- 27. Global: Birth of the Eurodollar The Eurodollar market is one of the most important financial markets,
- 28. Comparing Money Market Securities : a comparison of rates (1990-2013)
- 29. Comparing Money Market Securities: Money Market Securities and Their Depth
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