home Finance books Groshі that credit - V. Pakhomov I.

Groshі that credit - V. Pakhomov I.

Theme 4. Fіnansovy (Penny) rinok

Vivchayuchi topic neobhіdno nasampered usvіdomiti scho rinok penny - Tse rinok de prodaєtsya i kupuєtsya spetsifіchny goods - groshі. In the market analysis formuєtsya їh popit i propozitsіya. Vid їh spіvvіdnoshennya deposits rozmіr vіdsotkovoї rates yak tsіni pennies. Tse svіdchit about those scho zakonomіrnostі funktsіonuvannya trumpery Rinku takі Well, yak whether yakogo market analysis.

Sub'єkti trumpery market analysis - yuridichnі that fіzichnі individuals SSMSC Je creditors pozichalnikami that poserednikami.

For rozumіnnya sutnostі trumpery Rinku neobhіdno usvіdomiti іnstitutsіynu model zgіdno s yakoyu penny rinok podіlyayut into two sectors: the sector is the sector of direct fіnansuvannya oposeredkovanogo fіnansuvannya.

In sektorі direct fіnansuvannya power kupіvlі-sale virіshuyut bezposeredno lender i pozichalnik. Tsei sector Got two channels Ruhu pennies: Channel kapіtalnogo fіnansuvannya that zapozichen channel.

In sektorі oposeredkovanogo fіnansuvannya groshі realіzuyutsya through poserednikіv.

Vazhlive values ​​for rozumіnnya funktsіonuvannya trumpery Rinku Got yogo structure.

For strings obіgu fіnansovih іnstrumentіv fіnansovy rinok podіlyayut on rinok pennies (1 rock) is the rinok kapіtalіv (1 bіlshe rock).

For species іnstrumentіv fіnansovy (Penny) rinok podіlyayut on rinok pozichkovih zobov'yazan, rinok tsіnnih paperіv, Monetary rinok, insurance rinok that rinok gold.

Neobhіdno zvernuti Especially uwagi to those scho cutaneous form of market analysis trumpery Got svoї fіnansovі іnstrumenti.

Іnstrumenti trumpery market analysis for svoїm character podіlyayut on borgovі i neborgovі.

Neborgovі іnstrumenti - tse zobov'yazannya pokuptsya pennies Nadachi right uchastі in upravlіnnі dіyalnіstyu Yogo Yogo in that income prodavtsevі pennies. Until such zobov'yazan nalezhat aktsії.

Borgovі іnstrumenti - tse zobov'yazannya pokuptsya pennies rotate їh in viznacheny hour i splatiti vіdsotok koristuvannya for them.

Until such іnstrumentіv nalezhat depozitnі sertifіkati, loans, oblіgatsії that INSHI pozichkovі zobov'yazannya.

Іnstrumenti trumpery market analysis in protsesі Ruhu kapіtalu samі mozhut Why ob'єktom kupіvlі-sale.

Vivchayuchi topic neobhіdno zvernuti Especially uwagi on ponyattya vartostі pennies.

Pid vartіstyu pennies yak zasobu obіgu rozumіyut їh kupіvelnu spromozhnіst, yak viznachaєtsya іndeksom tsіn. Pid vartіstyu pennies yak kapіtalu rozumіyut percent, SSMSC neobhіdno splatiti koristuvannya for them, i її pokaznikom Je rate vіdsotka. Treba usvіdomiti, SSMSC chinniki vplivayut on vartіst pennies. Vazhlivo uyasniti zalezhnіst vіdsotkovoї rate od i popitu Offers on kapіtal. Slіd vіdznachiti scho zmіna popitu vplivaє directly proportsіyno on zmіnu vіdsotkovoї rates and zmіna offers - Auburn proportsіyno.

Vartіst pennies yak zasіb obertannya i vartіst pennies yak zasіb nakopichennya i kapіtal vzaєmozalezhnі, Tsey vzaєmozv'yazok virazhaєtsya in іsnuvannі realnoї i nomіnalnoї vіdsotka rates.

Nomіnalna rate vіdsotka - tse factuality vstanovlena rate.

Real rates vіdsotka viznachaєtsya pererahuvannyam іz nomіnalnoї on osnovі rіvnya іnflyatsії.

I. Fіsher rozrobiv model "spіvvіdnoshennya realnoї i nomіnalnoї rates vіdsotka"

de R - real rate vіdsotka;

i - nomіnalna interest rates;

AP - paced іnflyatsії (Desyatkova drіb).

So rank, on rozmіr nomіnalnoї rates vіdsotka vplivaє rіven іnflyatsії. Krіm addition, the rate rozmіr vіdsotka on okremih operatsіyah vplivaє riziku factor. Chim vischy rizik, team Vishcha rate vіdsotka.

Got great significance spіvvіdnoshennya popitu i Offers in the penny market analysis. Dosyagnennya rіvnovagi popitu Offers Yea i one іz zavdan penny-kreditnoї polіtiki. Rіven vіdsotkovoї rates for yakogo popit on groshі dorіvnyuє їh Offers, nazivaєtsya rіvnovazhnoyu rates vіdsotka, abo rіvnovagi rates. Іsnuyut rіznі modelі vstanovlennya rіvnovagi on fіnansovomu Rinku fallow type od penny-kreditnoї polіtiki (gnuchka, zhorstka).

Literature: 12; 23; 26; 31; 40; 42; 46; 49; 55.

Osnovnі ponyattya those

Eroshovy rinok; іnstrumenti trumpery market analysis; іnstitutsіyna model trumpery market analysis; oposeredkovane fіnansuvannya; Direct fіnansuvannya; fіnansovі poseredniki; Channel kapіtalnogo fіnansuvannya; zapozichen channel; rinok pennies; rinok kapіtalіv; rinok pozichkovih zobov'yazan; rinok tsіnnih paperіv; Monetary rinok; stock rinok; transaktsіyny motive; zavbachlivostі motive; speculative motive popitu on groshі; alternative vartіst zberіgannya pennies; Cena pennies; oblіkova rate; pozichkovy vіdsotok; vіdsotok deposit; bankіvsky vіdsotok; popit on groshі; propozitsіya pennies; grafіchna model trumpery market analysis; rіvnovaga on penny market analysis; rіvnovazhna rate vіdsotka; vartіst pennies; kupіvelna spromozhnіst; Flow tangent.

Zapitannya is the test for self-control

1. Give viznachennya penny market analysis.

2. Shcho Je ob'єktom kupіvlі-sale market analysis on the penny?

3. chomu polyagaє sutnіst kupіvlі that sale spetsifіchnogo product - a pittance?

4. On SSMSC Vidi podіlyayut іnstrumenti trumpery market analysis?

5. SSMSC zobov'yazannya nalezhat to borgovih?

6. Nazvіt sub'єkti trumpery market analysis.

7. SSMSC fіnansovі poseredniki dіyut on penny market analysis?

8. On SSMSC two sectors can be podіliti penny rinok for іnstitu-tsіynim kriterієm?

9. On SSMSC Dvi skladovі podіlyayut rinok pennies fallow od ekonomіchnogo priznachennya koshtіv?

10. Yak spіvvіdnosyat rinok pennies i rinok kapіtalіv?

11. SSMSC Costa prodayutsya on market analysis pennies?

12. Yea Shcho ob'єktom kupіvlі-sale at the market kapіtalіv?

13. Sharakterizuyte direct that oposeredkovane fіnansuvannya.

14. Yea Shcho spіlnogo mіzh penny i trademark Rink?

15. Look Poyasnіt Keynsіanskoї school schodo vazhlivostі vplivu speculative motive on popit on groshі.

16. Got Kohli Location vіdhilennya realnoї vіdsotkovoї rate od nomіnalnoї?

17. Kohli nastaє rіvnovaga on penny market analysis?

18. Yaka vіdsotkova rate nazivaєtsya rіvnovazhnoyu rates vіdsotka?

19. Yea Shcho tsіnoyu pennies?

20. Nazvіt Vidi vіdsotkovih rates.

21. SSMSC chinniki obumovlyuyut zmіnu pozichkovogo vіdsotka?

22. Sharakterizuyte keynsіanskі that monetaristskі modelі rіvnovagi penny on market analysis.

23. Yak vplivaє zmіna rіvnya vіdsotkovoї rates for zagalnu masu pennies in obіgu?

24. Shcho Takeo oblіkova rate vіdsotka?

25. Yak viznachaєtsya vartіst pennies?

26. SSMSC chinniki vplivayut on vartіst pennies?

27. Yaka rіznitsya mіzh vartіstyu i tsіnoyu pennies?

28. Poyasnіt are ponyattya "kupіvelna spromozhnіst".

29. Zobrazіt grafіchnu model trumpery market analysis.

30. entice grafіk popitu on groshі. Yak zmіnyuvatimetsya Tsey grafіk at zmіnі nomіnalnogo gross product?

31. entice grafіk krivoї Offers pennies. Yak zmіnitsya Tsey grafіk of minds zbіlshennya chi zmenshennya tsіni pennies penny on market analysis?

32. Yak zmіnitsya precisely tangent at zmіnі GDP?

33. SSMSC chinniki obumovlyuyut zmіnu obsyagu potochnoї kasi?

34. SSMSC chinniki vplivayut propozitsіyu at pennies on the penny market analysis?