Chapter 1 Economics 1
Text 1 Economic Systems 1
Text 2 Economic Development Around the World 2
Words and Expressions 4
Exercises 4
Supplementary Reading 5
Chapter 2 Money 11
Text 1 What Is Money 11
Text 2 Money Markets 14
Words and Expressions 17
Exercises 17
Supplementary Reading 19
Chapter 3 Financial Markets 22
Text 1 What Is Financial Markets 22
Text 2 Position of Globalization in Absorption of Investment and Development of Financial Markets 25
Words and Expressions 27
Exercises 27
Supplementary Reading 29
Chapter 4 Interest Rate 31
Text 1 Determinants of Interest Rates 31
Text 2 Capital Markets 33
Words and Expressions 35
Exercises 35
Supplementary Reading 37
Chapter 5 Foreign Exchange 41
Text 1 The Foreign Exchange Market 41
Text 2 The Three Principal Meanings of Foreign Exchange 44
Words and Expressions 48
Exercises 49
Supplementary Reading 51
Chapter 6 Banking Firms 54
Text 1 Liabilities 54
Text 2 Assets 55
Words and Expressions 57
Exercises 57
Supplementary Reading 59
Chapter 7 Financial Derivatives 62
Text 1 Different Types of Financial Derivatives 62
Text 2 Financial Markets in General 65
Words and Expressions 66
Exercises 67
Supplementary Reading 69
Chapter 8 Tools of Monetary Policy 71
Text 1 Types of Tools 71
Text 2 Fiscal and Monetary Policy 75
Words and Expressions 79
Exercises 79
Supplementary Reading 81
Chapter 9 Financial Institutions 86
rext 1 Securities Market Institutions 86
Text 2 Securities 89
Words and Expressions 94
Exercises 95
Supplementary Reading 97
Chapter 10 Inflation 100
Text 1 What Is Inflation 100
Text 2 Economics—A Surprisingly Broad Subject 103
Words and Expressions 105
Exercises 106
Supplementary Reading 108
Chapter 11 Evolution ofthe International Financial System 113
Text 1 Research on Financial System 113
Text 2 Investment Banking 114
Words and Expressions 116
Exercises 117
Supplementary Reading 119
Chapter 12 Balance of Payments 122
Text 1 What Is Balance of Payments 122
Text 2 Research and Implementation of Payment System in E-commerce 125
Words and Expressions 127
Exercises 127
Supplementary Reading 129
Glossary 132
Reference 153