SlideShare ist ein Scribd-Unternehmen logo
1 von 30
 
TAF TSLF PDCF Discount Rate
Target Rate Federal Fund Rate Discount Rate
 
TAF TSLF PDCF Discount Rate
million
million
million
million
million
 
Time FOMC Discount Required Required Interest on Required Reserve Balances and Excess Balances
2007.08~2008.04:  利率調降階段 2008.04~2008.10:  利率穩定階段 2008.10~2008.12:  景氣再度衰退
106 66 76 86 96 2007/09/02 2007/10/14 2007/11/25 2008/01/06 2008/03/09 國際油品價格週比較趨勢圖 ( 美金 / 桶 )(2007.8.1~2008.3.18)
國際油品價格週比較趨勢圖 ( 美金 / 桶 )(2008.7.1~2008.12.31) 149 129 29 49 69 89 109 2008/07/16 2008/08 2008/12/17 2008/11/17 2008/10/16 2008/09/16
注資 ( 中長期公債,公司債 ) 定期拍賣工具 TALF 短期資產擔保融資
Expanded Discount Window 1.TAF 28/84 2.PDCF  overnight Fed 3.TSLF Currency Collateral Bank Treasury
ABCP MMI ABCP+$ Fed MKT CP ABCP SPV CPFF MMIFF AMLF
 
Demand Supply Demand Supply
APJ Asia 486 127 -838 FSU 70 88 -123
EMEA/LATAM Latin  America 321 256 -5 Africa 94 117 29 Middle East 300 474 174 Europe -373 -97 -165
North America North America 109 -1243 -1021 Global Demand Growth (mb/d) 2007  1.01  1.2% 2008  -0.28  -0.3% 2009  -2.40  -2.8%
 
 
History, tells us…
 
 
Nominal Anchor… π  or   M Implicit
 

Weitere ähnliche Inhalte

Ähnlich wie Mb2

Cea State Of The Economy August 2008
Cea State Of The Economy  August 2008Cea State Of The Economy  August 2008
Cea State Of The Economy August 2008guest0d3ad6
 
Klöckner & Co - Full Year 2008 Results
Klöckner & Co - Full Year 2008 ResultsKlöckner & Co - Full Year 2008 Results
Klöckner & Co - Full Year 2008 ResultsKlöckner & Co SE
 
Financial crisis and india ppt @ bec doms bagalkot
Financial crisis and india  ppt @ bec doms bagalkotFinancial crisis and india  ppt @ bec doms bagalkot
Financial crisis and india ppt @ bec doms bagalkotBabasab Patil
 
Financial crisis and india ppt @ bec doms bagalkot
Financial crisis and india  ppt @ bec doms bagalkotFinancial crisis and india  ppt @ bec doms bagalkot
Financial crisis and india ppt @ bec doms bagalkotBabasab Patil
 
CEA State of the Economy August 2008 (1).ppt
CEA State of the Economy  August 2008 (1).pptCEA State of the Economy  August 2008 (1).ppt
CEA State of the Economy August 2008 (1).pptSebaMohanty1
 
CEA State of the Economy August 2008 (1).ppt
CEA State of the Economy  August 2008 (1).pptCEA State of the Economy  August 2008 (1).ppt
CEA State of the Economy August 2008 (1).pptfreelanta
 
CEA State of the Economy August 2008 (1).ppt
CEA State of the Economy  August 2008 (1).pptCEA State of the Economy  August 2008 (1).ppt
CEA State of the Economy August 2008 (1).pptamitavadey20
 
CEA State of the Economy August 2008 (1).ppt
CEA State of the Economy  August 2008 (1).pptCEA State of the Economy  August 2008 (1).ppt
CEA State of the Economy August 2008 (1).pptNISHKARSHJAIN22
 
October 2015 Eagle News
October 2015 Eagle NewsOctober 2015 Eagle News
October 2015 Eagle NewsDenis Ding
 
Global financial crisis
Global financial crisisGlobal financial crisis
Global financial crisisBabasab Patil
 
Global financial crisis
Global financial crisisGlobal financial crisis
Global financial crisisBabasab Patil
 
Chevron 2008 2Q Earnings Conference Call Presentation (color)
Chevron 2008 2Q Earnings Conference Call Presentation (color)Chevron 2008 2Q Earnings Conference Call Presentation (color)
Chevron 2008 2Q Earnings Conference Call Presentation (color)finance1
 
Reza baqir 22ndcacci conference
Reza baqir 22ndcacci conferenceReza baqir 22ndcacci conference
Reza baqir 22ndcacci conferencePushpa Nalawade
 
ITW_Investor_Meeting_2008
ITW_Investor_Meeting_2008ITW_Investor_Meeting_2008
ITW_Investor_Meeting_2008finance16
 
Global cost infalation
Global cost infalationGlobal cost infalation
Global cost infalationBabasab Patil
 
arvinmeritor 2008 Q3 Earnings ARM
arvinmeritor 2008 Q3 Earnings ARMarvinmeritor 2008 Q3 Earnings ARM
arvinmeritor 2008 Q3 Earnings ARMfinance27
 
arvinmeritor 2008 Q3 Earnings ARM
arvinmeritor 2008 Q3 Earnings ARMarvinmeritor 2008 Q3 Earnings ARM
arvinmeritor 2008 Q3 Earnings ARMfinance27
 
Drilling on Wall Street: Growth through Acquisition
Drilling on Wall Street: Growth through AcquisitionDrilling on Wall Street: Growth through Acquisition
Drilling on Wall Street: Growth through AcquisitionEnergy Intelligence
 

Ähnlich wie Mb2 (20)

Cea State Of The Economy August 2008
Cea State Of The Economy  August 2008Cea State Of The Economy  August 2008
Cea State Of The Economy August 2008
 
Klöckner & Co - Full Year 2008 Results
Klöckner & Co - Full Year 2008 ResultsKlöckner & Co - Full Year 2008 Results
Klöckner & Co - Full Year 2008 Results
 
Financial crisis and india ppt @ bec doms bagalkot
Financial crisis and india  ppt @ bec doms bagalkotFinancial crisis and india  ppt @ bec doms bagalkot
Financial crisis and india ppt @ bec doms bagalkot
 
Financial crisis and india ppt @ bec doms bagalkot
Financial crisis and india  ppt @ bec doms bagalkotFinancial crisis and india  ppt @ bec doms bagalkot
Financial crisis and india ppt @ bec doms bagalkot
 
CEA State of the Economy August 2008 (1).ppt
CEA State of the Economy  August 2008 (1).pptCEA State of the Economy  August 2008 (1).ppt
CEA State of the Economy August 2008 (1).ppt
 
CEA State of the Economy August 2008 (1).ppt
CEA State of the Economy  August 2008 (1).pptCEA State of the Economy  August 2008 (1).ppt
CEA State of the Economy August 2008 (1).ppt
 
CEA State of the Economy August 2008 (1).ppt
CEA State of the Economy  August 2008 (1).pptCEA State of the Economy  August 2008 (1).ppt
CEA State of the Economy August 2008 (1).ppt
 
CEA State of the Economy August 2008 (1).ppt
CEA State of the Economy  August 2008 (1).pptCEA State of the Economy  August 2008 (1).ppt
CEA State of the Economy August 2008 (1).ppt
 
October 2015 Eagle News
October 2015 Eagle NewsOctober 2015 Eagle News
October 2015 Eagle News
 
Global financial crisis
Global financial crisisGlobal financial crisis
Global financial crisis
 
Global financial crisis
Global financial crisisGlobal financial crisis
Global financial crisis
 
Chevron 2008 2Q Earnings Conference Call Presentation (color)
Chevron 2008 2Q Earnings Conference Call Presentation (color)Chevron 2008 2Q Earnings Conference Call Presentation (color)
Chevron 2008 2Q Earnings Conference Call Presentation (color)
 
Reza baqir 22ndcacci conference
Reza baqir 22ndcacci conferenceReza baqir 22ndcacci conference
Reza baqir 22ndcacci conference
 
Understanding Crude Oil Prices
Understanding Crude Oil PricesUnderstanding Crude Oil Prices
Understanding Crude Oil Prices
 
Understanding Crude Oil Prices
Understanding Crude Oil PricesUnderstanding Crude Oil Prices
Understanding Crude Oil Prices
 
ITW_Investor_Meeting_2008
ITW_Investor_Meeting_2008ITW_Investor_Meeting_2008
ITW_Investor_Meeting_2008
 
Global cost infalation
Global cost infalationGlobal cost infalation
Global cost infalation
 
arvinmeritor 2008 Q3 Earnings ARM
arvinmeritor 2008 Q3 Earnings ARMarvinmeritor 2008 Q3 Earnings ARM
arvinmeritor 2008 Q3 Earnings ARM
 
arvinmeritor 2008 Q3 Earnings ARM
arvinmeritor 2008 Q3 Earnings ARMarvinmeritor 2008 Q3 Earnings ARM
arvinmeritor 2008 Q3 Earnings ARM
 
Drilling on Wall Street: Growth through Acquisition
Drilling on Wall Street: Growth through AcquisitionDrilling on Wall Street: Growth through Acquisition
Drilling on Wall Street: Growth through Acquisition
 

Kürzlich hochgeladen

Cracking the Cultural Competence Code.pptx
Cracking the Cultural Competence Code.pptxCracking the Cultural Competence Code.pptx
Cracking the Cultural Competence Code.pptxWorkforce Group
 
Value Proposition canvas- Customer needs and pains
Value Proposition canvas- Customer needs and painsValue Proposition canvas- Customer needs and pains
Value Proposition canvas- Customer needs and painsP&CO
 
7.pdf This presentation captures many uses and the significance of the number...
7.pdf This presentation captures many uses and the significance of the number...7.pdf This presentation captures many uses and the significance of the number...
7.pdf This presentation captures many uses and the significance of the number...Paul Menig
 
Yaroslav Rozhankivskyy: Три складові і три передумови максимальної продуктивн...
Yaroslav Rozhankivskyy: Три складові і три передумови максимальної продуктивн...Yaroslav Rozhankivskyy: Три складові і три передумови максимальної продуктивн...
Yaroslav Rozhankivskyy: Три складові і три передумови максимальної продуктивн...Lviv Startup Club
 
Call Girls In DLf Gurgaon ➥99902@11544 ( Best price)100% Genuine Escort In 24...
Call Girls In DLf Gurgaon ➥99902@11544 ( Best price)100% Genuine Escort In 24...Call Girls In DLf Gurgaon ➥99902@11544 ( Best price)100% Genuine Escort In 24...
Call Girls In DLf Gurgaon ➥99902@11544 ( Best price)100% Genuine Escort In 24...lizamodels9
 
KYC-Verified Accounts: Helping Companies Handle Challenging Regulatory Enviro...
KYC-Verified Accounts: Helping Companies Handle Challenging Regulatory Enviro...KYC-Verified Accounts: Helping Companies Handle Challenging Regulatory Enviro...
KYC-Verified Accounts: Helping Companies Handle Challenging Regulatory Enviro...Any kyc Account
 
M.C Lodges -- Guest House in Jhang.
M.C Lodges --  Guest House in Jhang.M.C Lodges --  Guest House in Jhang.
M.C Lodges -- Guest House in Jhang.Aaiza Hassan
 
The Path to Product Excellence: Avoiding Common Pitfalls and Enhancing Commun...
The Path to Product Excellence: Avoiding Common Pitfalls and Enhancing Commun...The Path to Product Excellence: Avoiding Common Pitfalls and Enhancing Commun...
The Path to Product Excellence: Avoiding Common Pitfalls and Enhancing Commun...Aggregage
 
A DAY IN THE LIFE OF A SALESMAN / WOMAN
A DAY IN THE LIFE OF A  SALESMAN / WOMANA DAY IN THE LIFE OF A  SALESMAN / WOMAN
A DAY IN THE LIFE OF A SALESMAN / WOMANIlamathiKannappan
 
How to Get Started in Social Media for Art League City
How to Get Started in Social Media for Art League CityHow to Get Started in Social Media for Art League City
How to Get Started in Social Media for Art League CityEric T. Tung
 
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...Dipal Arora
 
0183760ssssssssssssssssssssssssssss00101011 (27).pdf
0183760ssssssssssssssssssssssssssss00101011 (27).pdf0183760ssssssssssssssssssssssssssss00101011 (27).pdf
0183760ssssssssssssssssssssssssssss00101011 (27).pdfRenandantas16
 
👉Chandigarh Call Girls 👉9878799926👉Just Call👉Chandigarh Call Girl In Chandiga...
👉Chandigarh Call Girls 👉9878799926👉Just Call👉Chandigarh Call Girl In Chandiga...👉Chandigarh Call Girls 👉9878799926👉Just Call👉Chandigarh Call Girl In Chandiga...
👉Chandigarh Call Girls 👉9878799926👉Just Call👉Chandigarh Call Girl In Chandiga...rajveerescorts2022
 
MONA 98765-12871 CALL GIRLS IN LUDHIANA LUDHIANA CALL GIRL
MONA 98765-12871 CALL GIRLS IN LUDHIANA LUDHIANA CALL GIRLMONA 98765-12871 CALL GIRLS IN LUDHIANA LUDHIANA CALL GIRL
MONA 98765-12871 CALL GIRLS IN LUDHIANA LUDHIANA CALL GIRLSeo
 
Ensure the security of your HCL environment by applying the Zero Trust princi...
Ensure the security of your HCL environment by applying the Zero Trust princi...Ensure the security of your HCL environment by applying the Zero Trust princi...
Ensure the security of your HCL environment by applying the Zero Trust princi...Roland Driesen
 
Best VIP Call Girls Noida Sector 40 Call Me: 8448380779
Best VIP Call Girls Noida Sector 40 Call Me: 8448380779Best VIP Call Girls Noida Sector 40 Call Me: 8448380779
Best VIP Call Girls Noida Sector 40 Call Me: 8448380779Delhi Call girls
 
Famous Olympic Siblings from the 21st Century
Famous Olympic Siblings from the 21st CenturyFamous Olympic Siblings from the 21st Century
Famous Olympic Siblings from the 21st Centuryrwgiffor
 
Pharma Works Profile of Karan Communications
Pharma Works Profile of Karan CommunicationsPharma Works Profile of Karan Communications
Pharma Works Profile of Karan Communicationskarancommunications
 
B.COM Unit – 4 ( CORPORATE SOCIAL RESPONSIBILITY ( CSR ).pptx
B.COM Unit – 4 ( CORPORATE SOCIAL RESPONSIBILITY ( CSR ).pptxB.COM Unit – 4 ( CORPORATE SOCIAL RESPONSIBILITY ( CSR ).pptx
B.COM Unit – 4 ( CORPORATE SOCIAL RESPONSIBILITY ( CSR ).pptxpriyanshujha201
 

Kürzlich hochgeladen (20)

Cracking the Cultural Competence Code.pptx
Cracking the Cultural Competence Code.pptxCracking the Cultural Competence Code.pptx
Cracking the Cultural Competence Code.pptx
 
Value Proposition canvas- Customer needs and pains
Value Proposition canvas- Customer needs and painsValue Proposition canvas- Customer needs and pains
Value Proposition canvas- Customer needs and pains
 
7.pdf This presentation captures many uses and the significance of the number...
7.pdf This presentation captures many uses and the significance of the number...7.pdf This presentation captures many uses and the significance of the number...
7.pdf This presentation captures many uses and the significance of the number...
 
Yaroslav Rozhankivskyy: Три складові і три передумови максимальної продуктивн...
Yaroslav Rozhankivskyy: Три складові і три передумови максимальної продуктивн...Yaroslav Rozhankivskyy: Три складові і три передумови максимальної продуктивн...
Yaroslav Rozhankivskyy: Три складові і три передумови максимальної продуктивн...
 
Call Girls In DLf Gurgaon ➥99902@11544 ( Best price)100% Genuine Escort In 24...
Call Girls In DLf Gurgaon ➥99902@11544 ( Best price)100% Genuine Escort In 24...Call Girls In DLf Gurgaon ➥99902@11544 ( Best price)100% Genuine Escort In 24...
Call Girls In DLf Gurgaon ➥99902@11544 ( Best price)100% Genuine Escort In 24...
 
KYC-Verified Accounts: Helping Companies Handle Challenging Regulatory Enviro...
KYC-Verified Accounts: Helping Companies Handle Challenging Regulatory Enviro...KYC-Verified Accounts: Helping Companies Handle Challenging Regulatory Enviro...
KYC-Verified Accounts: Helping Companies Handle Challenging Regulatory Enviro...
 
M.C Lodges -- Guest House in Jhang.
M.C Lodges --  Guest House in Jhang.M.C Lodges --  Guest House in Jhang.
M.C Lodges -- Guest House in Jhang.
 
The Path to Product Excellence: Avoiding Common Pitfalls and Enhancing Commun...
The Path to Product Excellence: Avoiding Common Pitfalls and Enhancing Commun...The Path to Product Excellence: Avoiding Common Pitfalls and Enhancing Commun...
The Path to Product Excellence: Avoiding Common Pitfalls and Enhancing Commun...
 
A DAY IN THE LIFE OF A SALESMAN / WOMAN
A DAY IN THE LIFE OF A  SALESMAN / WOMANA DAY IN THE LIFE OF A  SALESMAN / WOMAN
A DAY IN THE LIFE OF A SALESMAN / WOMAN
 
Forklift Operations: Safety through Cartoons
Forklift Operations: Safety through CartoonsForklift Operations: Safety through Cartoons
Forklift Operations: Safety through Cartoons
 
How to Get Started in Social Media for Art League City
How to Get Started in Social Media for Art League CityHow to Get Started in Social Media for Art League City
How to Get Started in Social Media for Art League City
 
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
 
0183760ssssssssssssssssssssssssssss00101011 (27).pdf
0183760ssssssssssssssssssssssssssss00101011 (27).pdf0183760ssssssssssssssssssssssssssss00101011 (27).pdf
0183760ssssssssssssssssssssssssssss00101011 (27).pdf
 
👉Chandigarh Call Girls 👉9878799926👉Just Call👉Chandigarh Call Girl In Chandiga...
👉Chandigarh Call Girls 👉9878799926👉Just Call👉Chandigarh Call Girl In Chandiga...👉Chandigarh Call Girls 👉9878799926👉Just Call👉Chandigarh Call Girl In Chandiga...
👉Chandigarh Call Girls 👉9878799926👉Just Call👉Chandigarh Call Girl In Chandiga...
 
MONA 98765-12871 CALL GIRLS IN LUDHIANA LUDHIANA CALL GIRL
MONA 98765-12871 CALL GIRLS IN LUDHIANA LUDHIANA CALL GIRLMONA 98765-12871 CALL GIRLS IN LUDHIANA LUDHIANA CALL GIRL
MONA 98765-12871 CALL GIRLS IN LUDHIANA LUDHIANA CALL GIRL
 
Ensure the security of your HCL environment by applying the Zero Trust princi...
Ensure the security of your HCL environment by applying the Zero Trust princi...Ensure the security of your HCL environment by applying the Zero Trust princi...
Ensure the security of your HCL environment by applying the Zero Trust princi...
 
Best VIP Call Girls Noida Sector 40 Call Me: 8448380779
Best VIP Call Girls Noida Sector 40 Call Me: 8448380779Best VIP Call Girls Noida Sector 40 Call Me: 8448380779
Best VIP Call Girls Noida Sector 40 Call Me: 8448380779
 
Famous Olympic Siblings from the 21st Century
Famous Olympic Siblings from the 21st CenturyFamous Olympic Siblings from the 21st Century
Famous Olympic Siblings from the 21st Century
 
Pharma Works Profile of Karan Communications
Pharma Works Profile of Karan CommunicationsPharma Works Profile of Karan Communications
Pharma Works Profile of Karan Communications
 
B.COM Unit – 4 ( CORPORATE SOCIAL RESPONSIBILITY ( CSR ).pptx
B.COM Unit – 4 ( CORPORATE SOCIAL RESPONSIBILITY ( CSR ).pptxB.COM Unit – 4 ( CORPORATE SOCIAL RESPONSIBILITY ( CSR ).pptx
B.COM Unit – 4 ( CORPORATE SOCIAL RESPONSIBILITY ( CSR ).pptx
 

Mb2