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5、s Irwin McGraw Hill FinancialMarkets Company Intermediary Investor Irwin McGraw Hill FinancialMarkets Banks Depositors 2 5mil Cash Loan Deposits Company Intermediary Investor Irwin McGraw Hill FinancialMarkets InsuranceCompany Policyholders 250mil Cash Loan SellpoliciesIssueStock Company Intermediar
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8、ialOfficer Treasurer Controller WebResources www wiso gwdg de ifbg finance htmlwiso gwdg de ifbg crcse business pitt edu pages ClicktoaccesswebsitesInternetconnectionrequired WebLinks 金融機構之角色 資本形成之方式 資金成本 利率 利率之組成realrisk freerateofinterestinflationpremiumdefaultriskpremiumliquiditypremiummaturityri
9、skpremium 資金成本 利率 續 影響利率之因素productionopportunitiesandtimepreferencesexpectedinflationdefaultriskliquiditytermstructurematuritycentralbankpolicybalanceofpaymenttax governmentdeficit 資金成本 利率 續 利率期間結構與理論市場區隔理論流動性偏好理論預期理理論 外匯市場 重要性 投資與融資活動之全球化生產與分派成本之降低國外資金之募集 資本注入與風險分散 匯率 外匯之價格表示NT 1US 33 25NT US 決定 供給與需求 外匯市場 續 影響匯率之因素決定 供給與需求利率差異物價水準差異其他 GNP 貿易障礙 央行干預 赤字 國際收支
