国际金融课件4 国际金融市场.ppt

4 International Financial Markets 国际金融市场
§1 Overview of the international financial markets
(国际金融市场概述)
国际金融市场的基本涵义(The basic meaning of the international financial markets )
国际金融市场的一般概念(The general concept of the international financial markets )
国际金融市场一般指金融资产的发行者(Financial assets of the issuer )是外国居民(Foreign residents ),金融资产的面值是外国货币,金融资产的交易在多个国家进行的市场。
International financial markets refer to this type of markets : the issuer of financial assets are foreign residents, the value of financial assets is foreign currencies, Financial transactions in many countries .
或:国际金融市场是指在国际间进行资金融通的场所,是指具有现代化通讯设备、具有广泛联系的各国居民参与的国际金融交易场所。
国际金融市场的特点( The characterized of international financial markets )
pared with the domestic markets )
国内市场:业务活动局限于一国领土之内,仅限于本国居民参加,使用的货币也是本国货币,并且一般要受本国法令、制度的约束;
国际市场:交易活动超越了国界,其他国家的居民也可参加,所使用的货币往往包括主要自由兑换的货币,并且很少受或不受市场当局的控制。
domestic markets:Limited to operational activities within the territory of a State ,Limited to its own residents,Use their own currencies,Generally subject to the restraint of the decree and the system.
international financial markets:Cross-border business activities,Non-residents may also participate,usd in major freely convertible currency, Few or not control of the Market authority.
与国际商品市场比较( Compared with the modity markets )
商品市场:经营的对象是商品,且形态具有多样性,
commodity markets :Operating target modities and morphological diversity.
国际金融市场:经营对象——货币,形态单一。
international financial markets: Operating target is currency and morphological Single .
ponent of the international financial markets )



DFMs

international financial markets


In-markets
IFMs
(Offshore markets )
of the international financial markets
Domestic capital provider
Domestic capital demander
Foreign capital provider
Foreign capital demander
国际金融市场的参与者( The participants of the international financial markets )
各国政府(Governments )
Particularly in developing countries
各国政府机构(Government agencies )
Development Bank &