Financial Market Economics

Author: Mu Huaipeng
Publisher:
Publish Date: 2006-05-01
Features: The responsibilities of the central bank lie in formulating and implementing monetary policy, as well as preventing and resolving risks in the financial system. However, formulating and implementing monetary policy cannot be separated from the financial market, and the key and focus of preventing and resolving risks in the financial system also lie in preventing and resolving risks in the financial market. Therefore, understanding the financial market and mastering it are particularly important for central bank staff. This book is part of the Series of Continuing Education Textbooks for the People's Bank of China Cadre Training, edited by Mu Huaipeng of the Financial Market Department of the People's Bank of China, with co-editors Shen Bingxi and Shi Wenzhao. The book consists of eight chapters. First, it provides an overview of the financial market, covering aspects such as the definition and classification of financial markets, their formation and development, structure and function, and regulation, in light of the new developments in the financial market. Then, it discusses the composition and development of different types of financial markets—such as the money market, bond market, stock market, insurance market, foreign exchange market, futures market, and gold market—according to the various forms of financial market studies. The book is well-organized, comprehensive in content, highly targeted and practical, making it an invaluable training textbook for central bank staff. It will play a strong role in improving the quality of central bank personnel and enhancing the quality of central bank work.