EC4024 2008 Lecture 13

13
Lecture 13 Domestic & International Money Markets

Transcript of EC4024 2008 Lecture 13

Page 1: EC4024 2008 Lecture 13

Lecture 13Domestic & International Money Markets

Page 2: EC4024 2008 Lecture 13
Page 3: EC4024 2008 Lecture 13

Domestic

Page 4: EC4024 2008 Lecture 13

T-Bills

Public IssueTender IssueAuction Issue

Direct Placement+ Tranches

Page 5: EC4024 2008 Lecture 13

Commercial Paper

Interbanks

Acceptances, Repurchases

CDs

Also:

Page 6: EC4024 2008 Lecture 13

Cool Reading:Carpenter and Demiralp, 2006

Page 7: EC4024 2008 Lecture 13

International

Page 8: EC4024 2008 Lecture 13

Eurodollars/Euromarket

Page 9: EC4024 2008 Lecture 13
Page 10: EC4024 2008 Lecture 13

Bonds

Page 11: EC4024 2008 Lecture 13

Macauley Durations/Yield Curves

Page 12: EC4024 2008 Lecture 13
Page 13: EC4024 2008 Lecture 13

Next Time

Options

Read Pilbeam, Cht 14, Liebowitz, (2005), in coursepack.