论文部分内容阅读
欧洲成为焦点的时刻来得有些晚。欧洲政治巨头间经常性的博弈成为欧洲金融市场动荡的主要动因。基于这一点,我对澳洲未受到欧洲形势的严重影响感到十分欣慰。但事实上,澳大利亚并未真正地幸免。欧洲形势的发展通过许多渠道影响澳大利亚金融市场,我将主要集中分析其中一些影响渠道。我认为:过去几个月来,对欧洲金融市场影响最为重大的是欧洲中央银行的三年期流动性操作。12月份,欧洲中央银行根据其政策利率(可接受抵押品)向欧洲银行业提供3年期长期贷款,最终贷款金额接近5000亿欧元。
It’s a bit late for Europe to be the focal point. Frequent games between European political giants have been the main cause of the turmoil in European financial markets. Based on this, I am very pleased that Australia has not been seriously affected by the European situation. But in fact, Australia is not really spared. The development of the European situation has affected Australia’s financial markets through many channels. I will mainly focus on some of these channels of influence. I think the most significant impact on European financial markets over the past few months is the three-year liquidity operation of the European Central Bank. In December, the European Central Bank provided long-term three-year loans to European banks based on its policy rate (acceptable collateral) with a final loan amount of close to 500 billion euros.