Money Markets Overview and Risks |
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| Author:
| Thiessenhusen, Fidel |
| ISBN: | 978-3-95489-224-2 |
| Publication Date: | Feb 2014 |
| Publisher: | Anchor Academic Publishing. ein Imprint der Diplomica Verlag GmbH
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| Book Format: | Paperback |
| List Price: | USD $65.99 |
Book Description:
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There are several different ways of subdividing financial markets.However, the most established classification system distinguishes betweenmoney markets and capital markets. Banks and other market participants usemoney market instruments to borrow and lend cash for short terms, fromovernight up to one year. Therefore, the focus in this market is on short-termdebt instruments, which are usually used for liquidity equalization purposes.Market participants can be active in domestic and in...
More DescriptionThere are several different ways of subdividing financial markets.However, the most established classification system distinguishes betweenmoney markets and capital markets. Banks and other market participants usemoney market instruments to borrow and lend cash for short terms, fromovernight up to one year. Therefore, the focus in this market is on short-termdebt instruments, which are usually used for liquidity equalization purposes.Market participants can be active in domestic and in international cross-bordermarkets. Money markets are characterized by high trading volumes, low creditrisk and a high degree of standardization and transparency (Csoport 2001: 20;Fabozzi, Mann and Choudhry 2002: 1-3; Howells and Bain 2009: 304-305;Schinke 2004: 34).