New York Financial Market

Japanese: ニューヨーク金融市場 - ニューヨークきんゆうしじょう

The world's largest international financial market. New York is also known as the world's financial center, including the foreign exchange and stock markets. Its biggest features include the dollar being the international key currency, the abundant amount of funds, advanced market functions, and open participation. Representative financial markets include (1) the Federal Funds market, (2) the TB market, (3) the CD market, (4) the BA market, and (5) the commercial bill market. (1) is the lending market for Federal Reserve Bank deposits, and the trading period is short-term, from the next day to 30 days. It is therefore equivalent to Japan's call market. (2) is the market for trading government short-term securities (within one year), (3) is the market for trading negotiable certificates of deposit (CD), (4) is usually called banker's acceptance, and is the market for bank acceptance bills, and (5) is the market for trading bills issued by companies to raise working capital. All of them function as international financial markets that can be participated in not only from within the United States but also from all over the world. However, in the midst of the global financial crisis of 2008, which began with the subprime mortgage problem, major securities firms and investment banks such as Lehman Brothers, Merrill Lynch, Morgan Stanley, and Bank of America all went bankrupt, their management deteriorated, and they were forced to receive public capital injections, becoming the source of the biggest global recession since the Great Depression, and Japan's position as the leader of the international financial market has been greatly shaken.
→ Related topics New York Stock Exchange | London Stock Exchange

Source : Heibonsha Encyclopedia About MyPedia Information

Japanese:

世界最大の国際金融市場。為替市場や株式市場を含め，ニューヨークは世界の金融センターともいわれる。その最大の特徴は，ドルが国際基軸通貨であること，さらに資金量が豊富で，高度の市場機能を持ち，参加が自由などが指摘される。　代表的な金融市場として（１）フェデラル・ファンド市場，（２）TB市場，（３）CD市場，（４）BA市場，（５）商業手形市場があげられる。（１）は連邦準備銀行預金の貸出市場で，取引期間は翌日から30日までの短期。したがって日本のコール市場に相当する。（２）は政府短期証券（１年以内）を取引する市場，（３）は譲渡可能性預金証書（CD）を取引する市場，（４）は通常バンカーズ・アクセプタンスと呼ばれるもので，銀行引受手形の市場，（５）は運転資金の調達のために企業が振り出す手形を取引する市場。いずれも米国内だけでなく世界各国から参加できる国際金融市場として機能。しかし，サブプライムローン問題にはじまる2008年の世界金融危機のなかで，リーマン・ブラザース，メリルリンチ，モルガンスタンレー，バンクオブアメリカなど，大手証券会社，投資銀行が軒並み破綻，経営悪化，公的資金資本注入に追い込まれ，大恐慌以来の世界同時不況の発信地となり，国際金融市場のトップとしての地位は大きく揺らいでいる。
→関連項目ニューヨーク株式取引所｜ロンドン株式取引所

出典　株式会社平凡社百科事典マイペディアについて　情報

<<: New York City Ballet

>>: Museum of Modern Art, New York