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𝒜𝒩𝒥𝒜 安雅🎃 · 2023年03月01日

题干是说monetary easing会让利率升高?

NO.PZ2020021601000014

问题如下:

Ivan Paulinic, an analyst at a large wealth management firm, meets with his supervisor to discuss adding financial institution equity securities to client portfolios.

Paulinic gathers data on three national banks that meet initial selection criteria but require further review.

All of the national banks under consideration primarily make long- term loans and source a significant portion of their funding from retail deposits. Paulinic and the rest of the research team note that the central bank is unwinding a long period of monetary easing as evidenced by two recent increases in the overnight funding rate. Paulinic informs his supervisor that:

Statement 1 Given the recently reported stronger- than- anticipated macroeconomic data, there is an imminent risk that the yield curve will invert.

Statement 2 N- bank is very active in the 30- day reverse repurchase agreement market during times when the bank experiences significant increases in retail deposits.

Based on Statement 2, the financial ratio most directly affected is the:

选项:

A.

Tier 2 capital ratio.

B.

net stable funding ratio.

C.

liquidity coverage ratio.

解释:

C is correct.

Reverse repurchase agreements represent collateralized loans between a bank and a borrower. A reverse repo with a 30- day maturity is a highly liquid asset and thus would directly affect the liquidity coverage ratio (LCR). LCR evaluates short- term liquidity and represents the percentage of a bank’s expected cash outflows in relation to highly liquid assets.

老师好,这题我答对了,但想问一个跟本题不相干的问题,题干这句话【the central bank is unwinding a long period of monetary easing as evidenced by two recent increases in the overnight funding rate.】是说monetary easing会让利率升高?量化宽松不是让利率下降的手段吗?谢谢!

1 个答案
已采纳答案

袁园_品职助教 · 2023年03月02日

嗨,爱思考的PZer你好:


这句话说的意思是,央行正在解除长期的货币宽松政策,最近两次提高隔夜融资利率就证明了这一点。因此提高利率证明了正在解除宽松的政策。

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