八月 1, 2017

英国assignment代写:银行利率

英国assignment代写:银行利率

作为货币垄断供应者和现金负债结算的基本含义是,银行需要有能力设定价格,使其能够放贷和结算现金。这个价格,在新西兰被称为官方的现金比率(OCR)。银行的交易对手有能力从联邦银行获得隔夜现金支付,在存款和OCR的银行利率上,在OCR(Krippner,2013年)的隔夜银行利率。因此,OCR是新西兰隔夜利率的基准利率,因为没有一家银行会向另一家银行支付较高的利率,也不会接受存款利率较低的银行存款利率。

英国assignment代写:银行利率

此外,新西兰长期利率可以被认为是隔夜利率序列的松散组合,而这一序列受到银行通过OCR的影响。从这个角度来看,OCR也为新西兰的长期利率提供了基准。关键的推论是,利率期限越短,与OCR的连接就越紧密。相反,随着利率期限的延长,它的水平高度依赖于未来的OCR设置预期(Kelsey,2015)。OCR调整会影响其他利率,但这种影响的范围取决于是否通过金融市场来预测这种转变。银行是否有能力提供未来的政策指示,与市场的普遍看法不同。

英国assignment代写:银行利率

The essential implication of being the currency monopoly supplier and settlement for liabilities of cash is the fact that bank needs to have the ability of setting price at which it can lend and settle cash. This price, in New Zealand is known as the Official cash Rate (OCR). The counterparties in banks have the ability of obtaining overnight settlement of cash from the Federal Bank at 0.5 interests above the funds of deposit and OCR with the overnight bank rate at the OCR (Krippner, 2013). Therefore, the OCR is the benchmark rate of overnight interest in New Zealand as no bank would generally pay a high interest rate to another bank for OCR or accept a low deposit rate than offered through the Reserve Bank.

英国assignment代写:银行利率
Furthermore, New Zealand based long term rates can be thought loosely of an overnight rates sequence which is influenced by the Bank through the OCR. From this perspective, the OCR also has a benchmark for long term rates of interest in New Zealand. The key corollary is the fact that the shorter the interest rate maturity, the tighter is the connection to OCR prevailing. On the contrary, as the interest rate maturity lengthens, its level is dependent highly over future OCR settings expectations (Kelsey, 2015). OCR adjustment influences other rates of interests but the range of such influence is dependent over whether the transition was anticipated through markets of finance. Whether the Bank has the ability of providing a future policy indication is different from markets prevailing view.

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