Prof. Dr AP Faure Money Market: An Introduction Download free books at Download free eBooks at bookboon.com 2 AP Faure Money Market: An Introduction Download free eBooks at bookboon.com 3 Money Market: An Introduction 1 st edition © 2013 Quoin Institute (Pty) Limited & bookboon.com ISBN 978-87-403-0586-9 Download free eBooks at bookboon.com Click on the ad to read more Money Market: An Introduction 4 Contents Contents 1 Context: the nancial system 8 1.1 Learning objectives 8 1.2 Introduction 8 1.3 e nancial system 9 1.4 Allied participants in the nancial system 19 1.5 Summary 19 1.6 Bibliography 20 2 Overview 21 2.1 Learning objectives 21 2.2 Denition 21 2.3 Primary money market: supply of and demand for short-term funds 30 2.4 Organisational structure of the money market 36 2.5 Money (deposit) creation in the money market 39 2.6 Interbank deposit / loan market 42 2.7 Money market interest rates 44 2.8 Money market derivative markets 46 www.sylvania.com We do not reinvent the wheel we reinvent light. Fascinating lighting offers an infinite spectrum of possibilities: Innovative technologies and new markets provide both opportunities and challenges. An environment in which your expertise is in high demand. Enjoy the supportive working atmosphere within our global group and benefit from international career paths. Implement sustainable ideas in close cooperation with other specialists and contribute to influencing our future. Come and join us in reinventing light every day. Light is OSRAM Download free eBooks at bookboon.com Click on the ad to read more Money Market: An Introduction 5 Contents 2.9 International aspects of the money market 46 2.10 Economics of the money market 48 2.11 Summary 50 2.12 Bibliography 50 3 Interbank market & monetary policy 51 3.1 Learning outcomes 51 3.2 Introduction 52 3.3 Bank to central bank interbank market (required reserves) (b2cb IBM) 53 3.4 Bank to bank interbank market at the nal interbank clearing (reserve funds market) (b2b IBM) 55 3.5 Central bank to bank interbank market (liquidity shortage) (cb2b IBM) 61 3.6 e money market identity / analysis 71 3.7 Bank to bank interbank market revisited 73 3.8 Summary 73 3.9 Bibliography 74 4 Mathematics 75 4.1 Learning objectives 75 4.2 Introduction 75 360° thinking . © Deloitte & Touche LLP and affiliated entities. Discover the truth at www.deloitte.ca/careers