金融機構與市場組織概論中英文(ppt 53頁)

Ⅰ、金融機構組織與結構
Ⅰ.1 中央銀行與聯邦準備體係的架構
Ⅰ.2 美國的金融機構概況
Ⅰ.3 台灣的金融機構概況
Ⅰ.4 金融機構的監理
Ⅱ、金融市場組織與結構概論
Ⅱ.1 金融市場的組織分類
Ⅱ.2 金融市場的結構與逆選擇
Ⅱ.3 道德危險
Ⅱ.4 金融市場的監理

Ⅰ、金融機構組織與結構
Ⅰ.1、 中央銀行與聯邦準備體係的架構
1.美國Fed的結構
2.中央銀行的獨立性
3.存款創造與貨幣供給
4.貨幣供給的決定
5.貨幣政策的工具
6.貨幣政策的執行
7.貨幣需求理論
2. 中央銀行的獨立性
(Central Bank Independence)
Theory of bureaucratic behavior
1. Is an example of principal-agent problem
2. Bureaucracy often acts in own interest
Implications for Central Banks:
1. Act to preserve independence
2. Try to avoid controversy: often plays games
3. Seek additional power over banks
Should Fed Be Independent?
Case For:
1. Independent Fed likely has longer-run objectives, politicians don't: evidence is better policy outcomes
2. Avoids political business cycle
3. Less likely deficits will be inflationary
Case Against:
1. Fed may not be accountable
2. Hinders coordination of monetary and fiscal policy
3. Fed has often performed badly

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