代写留学生论文：政府干预货币市场

代写留学生论文：政府干预货币市场

政府干预货币市场的一个实际例子是2008年上半年金融市场崩溃后美国政府进行的量化宽松（QE）。受次贷危机的严重打击，经济遭受重创。对货物的需求放缓，对借款人的信任度缺乏资金和信誉。这对整体经济具有传染性，由于最终消费者手中的信贷缺乏，商品和服务的需求急剧下降，导致资产价格崩溃（Filippo Cesarano，1994）。另一方面，由于价格下降和需求下降，制成品面临双重打击。这导致工厂关闭，商店关闭，从而增加了经济的失业率。经济中较高的失业率转化为货物和服务需求的进一步下降。因此，抑制资产价格快速下滑，防止经济陷入萧条，变得至关重要。需求增加，金融稳定，信贷充足和解决流动性问题也是需要立即采取行动和关注的重大问题（Dionisis Philippas，Costas Siriopoulos，2014）。
政府债券购买计划保证了经济的资本可用性。导致资产价格逐步回升，市场参与情绪提升，经济需求进一步提振。由于人口购买力的增加，商品和服务需求的增长使制造业的情绪复苏（Russell W. Belk，2000）。制造商也因为销售价格上涨而获得回报，他们可以通过销售他们的产品来收取回报。政府干预幅度的大小，可以从失业率下降，产能增加，经济增长速度提高来看。除了要求经济复苏外，市场情绪也大大改善，鼓励企业蓬勃发展（Filippo Cesarano，1999）。

代写留学生论文：政府干预货币市场

One real life example of government intervention in the money market is Quantitative Easing (QE) conducted by U.S. government after the financial market meltdown in first half of 2008. The economy was hit badly after it suffered a serious blow on account of sub-prime crisis. Demand for goods was slowing down and there was lack of capital as well credibility on trust worthiness of the borrower. This has a contagious effect on the overall economy and due to lack of credit availability in the hands of end-consumers, demand for goods and services declined dramatically which led to a collapse in the prices of assets (Filippo Cesarano, 1994). On the other hand, manufactures faced a double whammy on account of falling prices and declining demand. This led to factories getting shut down, shops getting closed which in turn increased unemployment level in the economy. Higher unemployment level in the economy translated to a further decrease in demand of goods and services. Thus, it became paramount to put a brake on the fast declining prices of assets in order to prevent the economy from falling into depression. Increase in demand, financial stability, availability of ample credit and solving liquidity issues were also areas of major concern which needed immediate action and attention (Dionisis Philippas, Costas Siriopoulos, 2014).
Bond purchases programs by the government ensured capital availability in the economy. This led to a gradual recovery of the assets prices which improved market participant sentiments and further boosted demand in the economy. Due to increase in purchasing power of the population, manufactures sentiment revived as there was an uptick in the demand of goods and services (Russell W. Belk, 2000). Manufactures also gained on grounds of increased selling prices which they could charge in return for sale of their goods manufactured. The effect of magnitude of such intervention by the government can be drawn from the decrease in unemployment levels, increase in production capacity and increase in GDP growth rate of the economy. In addition to demand revival in the economy, market sentiment improved dramatically and encouraged business to flourish (Filippo Cesarano, 1999).