open market paper

简明释义

公开市场出售的票据,公开市场票据,公开市场期票

英英释义

例句

1.During the financial crisis, the government increased the issuance of open market paper to inject liquidity into the economy.

在金融危机期间，政府增加了公开市场票据的发行，以向经济注入流动性。

2.Investors often look for open market paper as a low-risk investment option.

投资者通常将公开市场票据视为一种低风险投资选择。

3.The yield on open market paper can fluctuate based on economic conditions.

由于经济条件的变化，公开市场票据的收益率可能会波动。

4.The central bank conducted a series of transactions involving open market paper to regulate the money supply.

中央银行进行了一系列涉及公开市场票据的交易，以调节货币供应。

5.Banks often use open market paper to manage their short-term funding needs.

银行通常使用公开市场票据来管理其短期融资需求。

作文

In the world of finance, various instruments are used to manage liquidity and control monetary policy. One such instrument is the open market paper, which plays a significant role in the functioning of central banks and financial institutions. Understanding the concept of open market paper is essential for grasping how monetary policy is implemented and how it affects the economy as a whole.The term open market paper refers to short-term debt instruments that are issued by governments or central banks in order to regulate the money supply. These papers are typically sold in the open market to financial institutions, which can then either hold them as investments or use them as collateral for borrowing. The primary purpose of open market paper is to influence interest rates and ensure liquidity in the banking system.When a central bank wants to increase the money supply, it can purchase open market paper from financial institutions. This action injects liquidity into the market, allowing banks to lend more money to businesses and consumers. As a result, lower interest rates can stimulate economic activity, encouraging spending and investment. Conversely, if the central bank aims to reduce the money supply, it can sell open market paper. This process removes liquidity from the market, leading to higher interest rates and potentially slowing down economic growth.The effectiveness of open market paper as a monetary policy tool depends on several factors, including the overall economic environment and the responsiveness of financial institutions. During times of economic uncertainty, banks may be reluctant to lend, even with increased liquidity from open market paper. In such cases, the central bank may need to employ additional measures to stimulate the economy.Moreover, open market paper is often viewed as a safe investment due to its short-term nature and government backing. Investors, including banks and other financial institutions, are generally willing to purchase these instruments because they offer a low-risk option for parking their funds. This demand helps maintain stability in the financial system.In conclusion, open market paper serves as a vital component of monetary policy, enabling central banks to regulate the money supply and influence interest rates. By understanding how open market paper works, individuals can gain insights into the broader mechanisms of the economy and the role of central banks in maintaining economic stability. As financial markets continue to evolve, the importance of open market paper will likely remain significant, making it an essential concept for anyone interested in finance and economics.

在金融世界中，各种工具被用来管理流动性和控制货币政策。其中一个工具是公开市场票据，它在中央银行和金融机构的运作中扮演着重要角色。理解公开市场票据的概念对于掌握货币政策的实施及其对整个经济的影响至关重要。术语公开市场票据指的是由政府或中央银行发行的短期债务工具，用于调节货币供应。这些票据通常在公开市场上出售给金融机构，后者可以将其作为投资持有或用作借贷的抵押品。公开市场票据的主要目的是影响利率并确保银行系统中的流动性。当中央银行希望增加货币供应时，可以从金融机构购买公开市场票据。这一举措向市场注入流动性，使银行能够向企业和消费者提供更多贷款。因此，较低的利率可以刺激经济活动，鼓励消费和投资。相反，如果中央银行希望减少货币供应，它可以出售公开市场票据。这个过程会从市场上移除流动性，导致利率上升，并可能减缓经济增长。公开市场票据作为货币政策工具的有效性取决于多个因素，包括整体经济环境和金融机构的响应能力。在经济不确定时期，即使有来自公开市场票据的流动性，银行也可能不愿意放贷。在这种情况下，中央银行可能需要采取其他措施来刺激经济。此外，由于公开市场票据的短期性质和政府担保，通常被视为安全的投资。包括银行和其他金融机构在内的投资者通常愿意购买这些工具，因为它们为停放资金提供了低风险的选择。这种需求有助于维护金融系统的稳定。总之，公开市场票据作为货币政策的重要组成部分，使中央银行能够调节货币供应和影响利率。通过理解公开市场票据的运作，个人可以深入了解经济的更广泛机制以及中央银行在维持经济稳定中的作用。随着金融市场的不断发展，公开市场票据的重要性可能仍将显著，这使得它成为任何对金融和经济感兴趣的人必须掌握的概念。