discount window

简明释义

贴现窗口,贴现专柜

英英释义

例句

1.During economic downturns, many banks turn to the discount window for support.

在经济衰退期间，许多银行会寻求贴现窗口的支持。

2.The discount window provides an essential safety net for financial institutions.

贴现窗口为金融机构提供了重要的安全网。

3.The central bank lowered the interest rate at the discount window to encourage borrowing.

中央银行降低了贴现窗口的利率以鼓励借贷。

4.The bank utilized the discount window to secure additional funds during a liquidity crunch.

银行利用贴现窗口在流动性紧缩期间获得额外资金。

5.Accessing the discount window can help banks manage short-term funding needs.

访问贴现窗口可以帮助银行管理短期资金需求。

作文

The concept of the discount window is a fundamental aspect of modern banking and monetary policy. It refers to a facility provided by central banks, such as the Federal Reserve in the United States, that allows financial institutions to borrow money on a short-term basis. This borrowing is typically done at a lower interest rate compared to the market rate, which helps stabilize the banking system during times of financial distress. Understanding the discount window is crucial for grasping how central banks manage liquidity and ensure the smooth functioning of the economy.When banks face unexpected withdrawals or need to meet reserve requirements, they can turn to the discount window for assistance. This mechanism acts as a safety net, allowing banks to access funds quickly without resorting to more expensive borrowing options. The discount window serves not only to support individual banks but also to maintain overall confidence in the financial system. By providing a reliable source of funds, central banks can prevent panic and mitigate the risk of bank runs.The discount window operates under different terms, including primary credit, secondary credit, and seasonal credit. Primary credit is extended to financially sound banks, while secondary credit is available to institutions that may be experiencing financial difficulties. Seasonal credit caters to banks that have predictable fluctuations in their funding needs, such as those serving agricultural communities. Each of these options reflects the central bank's commitment to ensuring that all banks have access to necessary funding, regardless of their financial status.In addition to its practical applications, the discount window also has significant implications for monetary policy. By adjusting the interest rate charged at the discount window, central banks can influence the overall money supply in the economy. A lower rate encourages banks to borrow more, thereby increasing the amount of money available for lending to consumers and businesses. Conversely, raising the rate can help cool off an overheating economy by discouraging excessive borrowing.The discount window plays a vital role during economic crises. For example, during the 2008 financial crisis, the Federal Reserve expanded its discount window operations to include a broader range of collateral and institutions. This move was designed to provide additional liquidity to the financial system, helping banks weather the storm and ultimately contributing to the recovery of the economy. Such interventions underscore the importance of the discount window as a tool for crisis management and economic stability.In conclusion, the discount window is a critical mechanism that supports the banking system and influences monetary policy. Its ability to provide short-term loans to financial institutions ensures that banks can meet their obligations and maintain liquidity, especially during periods of uncertainty. By understanding the discount window, individuals can gain insights into the broader workings of the economy and the measures taken by central banks to promote stability and growth. As we navigate the complexities of the financial world, recognizing the significance of the discount window will enhance our comprehension of economic dynamics and the pivotal role played by central banks in safeguarding our financial systems.

‘贴现窗口’的概念是现代银行和货币政策的一个基本方面。它指的是中央银行（如美国的联邦储备系统）提供的一种设施，允许金融机构在短期内借款。这种借款通常以低于市场利率的利率进行，有助于在金融危机时期稳定银行系统。理解‘贴现窗口’对于掌握中央银行如何管理流动性和确保经济顺利运行至关重要。当银行面临意外提款或需要满足准备金要求时，它们可以向‘贴现窗口’寻求帮助。这个机制充当了一种安全网，使银行能够快速获取资金，而无需诉诸更昂贵的借贷选项。‘贴现窗口’不仅支持个别银行，还维护了整个金融系统的信心。通过提供可靠的资金来源，中央银行可以防止恐慌并减轻银行挤兑的风险。‘贴现窗口’根据不同的条款运作，包括主要信用、次要信用和季节性信用。主要信用提供给财务稳健的银行，而次要信用则可供面临财务困难的机构使用。季节性信用则针对那些在资金需求上有可预测波动的银行，例如服务于农业社区的银行。这些选项反映了中央银行确保所有银行都有必要资金获取的承诺，无论其财务状况如何。除了实际应用之外，‘贴现窗口’对货币政策也有重要影响。通过调整‘贴现窗口’的利率，中央银行可以影响经济中的整体货币供应。较低的利率鼓励银行借贷更多，从而增加可用于消费者和企业贷款的资金量。相反，提高利率可以通过抑制过度借贷来帮助降温过热的经济。在经济危机期间，‘贴现窗口’发挥着至关重要的作用。例如，在2008年金融危机期间，联邦储备扩大了其‘贴现窗口’操作，以包括更广泛的抵押品和机构。这一举措旨在为金融系统提供额外的流动性，帮助银行渡过难关，并最终促进经济复苏。这种干预突显了‘贴现窗口’作为危机管理和经济稳定工具的重要性。总之，‘贴现窗口’是一个关键机制，支持银行系统并影响货币政策。它向金融机构提供短期贷款的能力确保银行能够履行其义务并保持流动性，尤其是在不确定时期。通过理解‘贴现窗口’，个人可以深入了解经济的更广泛运作以及中央银行为促进稳定和增长所采取的措施。当我们在金融世界的复杂性中航行时，认识到‘贴现窗口’的重要性将增强我们对经济动态的理解，以及中央银行在保护我们金融系统中所扮演的关键角色。