学生用国际金融课件.pptx

第2章 外汇、汇率与外汇市场 Chapter 2 Foreign Exchange、Exchange Rate and Foreign Exchange Market Section 3 foreign exchange markets 外汇市场 目录一、Concept of the Foreign Exchange Markets 外汇市场的概念二、Constitute of Foreign Exchange Markets 外汇市场的构成三、Categories of Foreign Exchange Markets 外汇市场的分类四、Characteristic and Meanings of Foreign Exchange Markets 外汇市场的特征和意义附：外汇行情解读附：外汇交易室与外汇交易通信系统附：路透社2005~2006年最佳照片 一、Concept of the Foreign Exchange Markets 外汇市场的概念 Foreign exchange markets ：the markets where foreign exchange is traded . This includes both spot markets and future markets . there is no one place for this market ，which operates via compute and telephone connection . The total turnover of world foreign exchange markets is enormous ：it is many times total international trade in goods and services . 二、Constitute of Foreign Exchange Markets 外汇市场的构成 1. Foreign Exchange Banks 外汇银行按资本市值额排名截止到2006年7月 2. Foreign Exchange Brokers外汇经纪人 A person or company who does not trade as a principal ，but puts buyers and sellers in touch with one another . Foreign exchange brokers do this for FX . Brokers are able to charge commission（佣金） for this service because of their specialized knowledge of the markets . commission 佣金： A payment for the services of an agent or intermediary in a transaction . This payment is usually an increasing function of the value of the transaction . Commission may be payable by thebuyer ，the seller ，or both . 客户——经纪人——银行——经纪人——银行 3. Central Banks中央银行 A bank which controls a country‘s money supply and monetary policy . It acts as a banker to other banks ， and a lender of last resort . —————— lender of last resort ：最后贷款人 The function of providing liquidity for the banking system at times of crisis . 外汇银行——中央银行——外汇银行 4. Transnational Company跨国公司 A firm conduction business in more than one country ，through branches or subsidiary companies . 跨国公司——外汇银行——跨国公司 5. Importers and Expor