Chapter 5 financial market
transmission mechanism传导机制 flow of funds资金流动
money market 货币市场 capital market 资本市场 debt instrument 债务工具 equity instrument 权益工具
financial intermediary 金融中介机构 insurance company 保险公司 pension funds养老基金 physical market有形市场 intangible market无形市场
overnight investment 隔夜投资 discount market 贴现市场 on-discount转贴现 re-discount再贴现
commercial bills商业票据 certificate of deposit存单
lender of last resort最后贷款人 coupon bond 附息债权
non-competitive bidding非竞争性出价 default risk违约风险
bearer instrument 不记名票据 credit rating信用评级 corporate stock公司股票 corporate bond公司债券 securities market证券市场 bond market 债券市场 stock market股票市场
investment bank投资银行 merchant bank商人银行
firm commitment underwriting包销 best effort underwriting代销；尽力销售 listed company上市公司
rights issue （offering）认购权发行 follow-on offering增发 trading floor交易大厅