call-money market

简明释义

拆款市场

英英释义

例句

1.Investors often look at the call-money market rates to gauge overall economic health.

投资者常常关注拆借市场利率以评估整体经济健康状况。

2.The call-money market is crucial for banks to manage their short-term liquidity needs.

拆借市场对银行管理短期流动性需求至关重要。

3.The call-money market allows financial institutions to borrow and lend money for very short periods.

拆借市场允许金融机构进行非常短期的借贷。

4.In the call-money market, interest rates can fluctuate significantly based on supply and demand.

拆借市场中，利率可以根据供需关系显著波动。

5.During financial crises, the call-money market often becomes a focal point for central banks.

在金融危机期间，拆借市场通常成为中央银行的关注焦点。

作文

The financial world is filled with various markets, each serving a distinct purpose and catering to different needs. One such market that plays a crucial role in the liquidity management of financial institutions is the call-money market. This market is primarily used for short-term borrowing and lending of funds, typically with maturities ranging from overnight to a few days. Understanding the dynamics of the call-money market is essential for anyone looking to grasp the intricacies of the financial system.In essence, the call-money market allows banks and other financial institutions to lend and borrow money at a very short notice. When a bank finds itself with excess funds, it can lend these to another bank that may be facing a temporary liquidity shortage. This transaction usually occurs at an interest rate known as the call rate, which can fluctuate based on supply and demand in the market. The call-money market is vital because it ensures that banks have access to the funds they need to meet their obligations, thereby maintaining stability in the financial system.One of the key features of the call-money market is its role in the overall monetary policy framework of a country. Central banks monitor this market closely, as the call rate can serve as an indicator of the liquidity conditions prevailing in the economy. For instance, if the call rate rises significantly, it may signal that banks are experiencing liquidity constraints, prompting the central bank to intervene by injecting more liquidity into the system. Conversely, a falling call rate might indicate that liquidity is ample, suggesting that the central bank could consider tightening monetary policy.Another important aspect of the call-money market is its impact on interest rates across the economy. Since the call rate serves as a benchmark for other short-term interest rates, changes in this market can influence borrowing costs for consumers and businesses. For example, if the call rate increases, it may lead to higher interest rates on loans, making borrowing more expensive for individuals and companies. This, in turn, could dampen consumer spending and business investments, ultimately affecting economic growth.Moreover, the call-money market is characterized by its high degree of liquidity, which means that transactions can be executed quickly and efficiently. This liquidity is essential for maintaining the confidence of financial institutions in their ability to meet short-term funding needs. In times of financial stress, however, the liquidity in the call-money market can dry up rapidly, leading to increased borrowing costs and potential disruptions in the broader financial system.In conclusion, the call-money market is a vital component of the financial landscape, facilitating the short-term borrowing and lending of funds among banks and other financial institutions. Its significance extends beyond mere transactions; it reflects the liquidity conditions of the economy, influences interest rates, and serves as a barometer for the health of the financial system. A thorough understanding of the call-money market is essential for anyone involved in finance, as it provides insights into the functioning of monetary policy and the broader economic environment. As we continue to navigate the complexities of the financial world, the importance of this market cannot be overstated.

金融世界充满了各种市场，每个市场都发挥着独特的作用，满足不同的需求。其中一个在金融机构流动性管理中发挥关键作用的市场是拆借市场。这个市场主要用于短期资金的借贷，通常到期日从隔夜到几天不等。理解拆借市场的动态对任何想要掌握金融系统复杂性的人来说都是至关重要的。从本质上讲，拆借市场允许银行和其他金融机构在非常短的时间内借贷资金。当一家银行发现自己有多余资金时，可以将这些资金借给另一家可能面临临时流动性短缺的银行。这笔交易通常以称为拆借利率的利率进行，这个利率可以根据市场供需情况波动。拆借市场至关重要，因为它确保银行能够获得满足其义务所需的资金，从而维持金融系统的稳定。拆借市场的一个关键特征是它在国家整体货币政策框架中的作用。中央银行密切监测这个市场，因为拆借利率可以作为经济中流动性状况的指示。例如，如果拆借利率显著上升，可能表明银行面临流动性约束，促使中央银行通过向系统注入更多流动性来进行干预。相反，拆借利率下降可能表明流动性充足，暗示中央银行可以考虑收紧货币政策。此外，拆借市场对整个经济的利率产生影响也是一个重要方面。由于拆借利率作为其他短期利率的基准，市场上的变化可能会影响消费者和企业的借款成本。例如，如果拆借利率上升，可能会导致贷款利率上升，使个人和公司借款变得更加昂贵。这反过来又可能抑制消费支出和企业投资，最终影响经济增长。此外，拆借市场的特点是其高流动性，这意味着交易可以快速高效地执行。这种流动性对于维护金融机构在满足短期融资需求时的信心至关重要。然而，在金融压力时期，拆借市场的流动性可能会迅速枯竭，导致借款成本上升和潜在的广泛金融系统中断。总之，拆借市场是金融格局的重要组成部分，促进银行和其他金融机构之间短期资金的借贷。其重要性超越了简单的交易；它反映了经济的流动性状况，影响利率，并作为金融系统健康状况的晴雨表。深入了解拆借市场对任何参与金融的人来说都是必要的，因为它提供了对货币政策运作和更广泛经济环境的洞察。随着我们继续应对金融世界的复杂性，这个市场的重要性不容忽视。