贴现窗口是中央银行向商业银行提供的满足其短期的、非永久性的流动性需求的业务。商业银行用国库券、银行承兑票据等短期的高质量的票据作抵押从央行借入资金。借、入资金的利率为贴现率,由央行设定,一般低于市场利率。央行通过调整贴现率,调节和控制货币供应量,从而调节经济增长的稳定性。
一级交易商信贷工具是,对会员银行贴现窗口的一种扩展。
What the PDCF is it's really an extension of the discount window beyond member Banks.
突然放开对投资银行的贴现窗口,美联储默认了旧的规则不再适用。
By throwing open its discount window to investment Banks, the Fed has tacitly admitted that the old rules no longer apply.
What the PDCF is it's really an extension of the discount window beyond member banks.
一级交易商信贷工具是,对会员银行贴现窗口的一种扩展。
What's essential about the Primary Dealer Credit Facility is that they're opening up the discount window of lending beyond the member bank to primary dealers.
一级交易商信贷工具中,最本质的东西是,他们将会员银行的贴现窗口,向一级交易商打开了。
They wanted to eliminate the stigma it used to be embarrassing to borrow at the discount window because the discount rate would because it would be an admission that the bank is in trouble.
他们希望消除这种瑕疵,过去在贴现窗口借钱,常常被认为是尴尬的事,因为贴现率将,因为这将是处于困境的银行的,进入权。
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