《经济学原理》(宏观经济学分册)英文原版课件-29monetarysystem复习课程.ppt
- 【下载声明】
1. 本站全部试题类文档,若标题没写含答案,则无答案;标题注明含答案的文档,主观题也可能无答案。请谨慎下单,一旦售出,不予退换。
2. 本站全部PPT文档均不含视频和音频,PPT中出现的音频或视频标识(或文字)仅表示流程,实际无音频或视频文件。请谨慎下单,一旦售出,不予退换。
3. 本页资料《《经济学原理》(宏观经济学分册)英文原版课件-29monetarysystem复习课程.ppt》由用户(晟晟文业)主动上传,其收益全归该用户。163文库仅提供信息存储空间,仅对该用户上传内容的表现方式做保护处理,对上传内容本身不做任何修改或编辑。 若此文所含内容侵犯了您的版权或隐私,请立即通知163文库(点击联系客服),我们立即给予删除!
4. 请根据预览情况,自愿下载本文。本站不保证下载资源的准确性、安全性和完整性, 同时也不承担用户因使用这些下载资源对自己和他人造成任何形式的伤害或损失。
5. 本站所有资源如无特殊说明,都需要本地电脑安装OFFICE2007及以上版本和PDF阅读器,压缩文件请下载最新的WinRAR软件解压。
- 配套讲稿:
如PPT文件的首页显示word图标,表示该PPT已包含配套word讲稿。双击word图标可打开word文档。
- 特殊限制:
部分文档作品中含有的国旗、国徽等图片,仅作为作品整体效果示例展示,禁止商用。设计者仅对作品中独创性部分享有著作权。
- 关 键 词:
- 经济学原理 宏观 经济学 分册 英文原版 课件 29 monetarysystem 复习 课程
- 资源描述:
-
1、曼昆经济学原理(宏观经济学分册)英文原版PPT课件29monetary-systemTHE MEANING OF MONEY Money is the set of assets in an economy that people regularly use to buy goods and services from other people.The Functions of Money Money has three functions in the economy:Medium of exchange Unit of account Store of valueThe Functions
2、 of Money Medium of Exchange A medium of exchange is an item that buyers give to sellers when they want to purchase goods and services.A medium of exchange is anything that is readily acceptable as payment.The Functions of Money Unit of Account A unit of account is the yardstick people use to post p
3、rices and record debts.Store of Value A store of value is an item that people can use to transfer purchasing power from the present to the future.The Functions of Money Liquidity Liquidity is the ease with which an asset can be converted into the economys medium of exchange.The Kinds of Money Commod
4、ity money takes the form of a commodity with intrinsic value.Examples:Gold,silver,cigarettes.Fiat money is used as money because of government decree.It does not have intrinsic value.Examples:Coins,currency,check deposits.Money in the U.S.Economy Currency is the paper bills and coins in the hands of
5、 the public.Demand deposits are balances in bank accounts that depositors can access on demand by writing a check.Figure 1 Money in the U.S.EconomyCopyright2003 Southwestern/Thomson LearningBillionsof Dollars Currency($580 billion)Demand deposits Travelers checks Other checkable deposits($599 billio
6、n)Everything in M1($1,179 billion)Savings deposits Small time deposits Money market mutual funds A few minor categories($4,276 billion)0M1$1,179M2$5,455CASE STUDY:Where Is All The Currency?In 2001 there was about$580 billion of U.S.currency outstanding.That is$2,734 in currency per adult.Who is hold
7、ing all this currency?Currency held abroad Currency held by illegal entitiesTHE FEDERAL RESERVE SYSTEM The Federal Reserve(Fed)serves as the nations central bank.It is designed to oversee the banking system.It regulates the quantity of money in the economy.THE FEDERAL RESERVE SYSTEM The Fed was crea
8、ted in 1914 after a series of bank failures convinced Congress that the United States needed a central bank to ensure the health of the nations banking system.THE FEDERAL RESERVE SYSTEM The Structure of the Federal Reserve System:The primary elements in the Federal Reserve System are:1)The Board of
9、Governors 2)The Regional Federal Reserve Banks 3)The Federal Open Market CommitteeThe Feds Organization The Fed is run by a Board of Governors,which has seven members appointed by the president and confirmed by the Senate.Among the seven members,the most important is the chairman.The chairman direct
10、s the Fed staff,presides over board meetings,and testifies about Fed policy in front of Congressional Committees.The Feds Organization The Board of Governors Seven members Appointed by the president Confirmed by the Senate Serve staggered 14-year terms so that one comes vacant every two years.Presid
11、ent appoints a member as chairman to serve a four-year term.The Feds Organization The Federal Reserve System is made up of the Federal Reserve Board in Washington,D.C.,and twelve regional Federal Reserve Banks.The Feds Organization The Federal Reserve Banks Twelve district banks Nine directors Three
12、 appointed by the Board of Governors.Six are elected by the commercial banks in the district.The directors appoint the district president,which is approved by the Board of Governors.The Federal Reserve SystemCopyright2003 Southwestern/Thomson LearningThe Feds Organization The Federal Reserve Banks T
13、he New York Fed implements some of the Feds most important policy decisions.The Feds Organization The Federal Open Market Committee(FOMC)Serves as the main policy-making organ of the Federal Reserve System.Meets approximately every six weeks to review the economy.The Feds Organization The Federal Op
14、en Market Committee(FOMC)is made up of the following voting members:The chairman and the other six members of the Board of Governors.The president of the Federal Reserve Bank of New York.The presidents of the other regional Federal Reserve banks(four vote on a yearly rotating basis).The Feds Organiz
15、ation Monetary policy is conducted by the Federal Open Market Committee.Monetary policy is the setting of the money supply by policymakers in the central bank The money supply refers to the quantity of money available in the economy.The Federal Open Market Committee Three Primary Functions of the Fe
16、d Regulates banks to ensure they follow federal laws intended to promote safe and sound banking practices.Acts as a bankers bank,making loans to banks and as a lender of last resort.Conducts monetary policy by controlling the money supply.The Federal Open Market Committee Open-Market Operations The
展开阅读全文