今天小編為大家準(zhǔn)備了金融考研復(fù)試專業(yè)英語匯總,，希望對(duì)大家有所幫助,接下來跟小編一起來看一下吧。
　　Securitization and Subprime mortgage資產(chǎn)證券化與次級(jí)抵押貸款
　　(1)Subprime mortgagesare mortgages forborrowers with less-than-stellar credit records.
　　(2)Securitizationis the process oftransforming otherwise illiquid financial assets (such as residential mortgages,auto loans, and credit card receivables).
　　which have typically been the mainbusiness of banking institutions, into marketable capital market securities.
　　 What’s time-inconsistency problem?時(shí)間不一致問題
　　Thetime-inconsistency
　　problemis something we deal with continually in everyday life.
　　We often have a plan that weknow will produce a good outcome in the long run, but when tomorrow comes, we justcan't help ourselves and we deny our plan because doing so has short-run gains.
　　In other words, we find ourselves unable to consistently follow a good planover time, and the good plan is said to be time-inconsistent and will soon beabandoned .
　　 Political Business Cycle政治經(jīng)濟(jì)周期
　　Political business cycleisa process that can beillustrated in the followingexample. Just before an election, expansionary policies are pursued to lowerunemployment and interest rates.
　　After the election, the bad effects of thesepolicies.
　　that is high inflation and high interest rates, come home to roost, requiringcontractionary policies that politicians hope the public will forget before thenext election.
　　 What’s money multiplier and what are the factorsthat affect it?貨幣乘數(shù)及其影響因素,？
　　(1)Themoney multiplier, denoted by m, tells us how much the moneysupply changes for a given change in themonetarybase.
　　The relationship between the money supply, the money multiplier andthe monetary base is described by the following equation: M = m×MB
　　(2)Themoney multiplieris a function of thecurrency ratioset by depositor c, theexcess reserves ratioset by banks e,and therequired reserve ratiosetby the Fed r. The money multiplier m is thus.