| 单词 | speculative motive |
| 释义 | speculative motive The effects of expectations of changes in interest rates on the demand for money. In Keynesian monetary theory such expectations are important. If it is believed that interest rates are likely to rise, and thus that bond prices are likely to fall, this makes bonds less and money more attractive to hold. This gives an incentive to sell bonds and hold money, or to defer buying bonds and hold on to money which would otherwise have been put into bonds to earn interest. Similarly, if interest rates are expected to fall, and bond prices to rise, this makes bonds more and money less attractive. This gives an incentive to reduce money holdings and buy bonds. The speculative motive for holding money is contrasted with the transactions motive and precautionary motive. |
| 随便看 |
|
英汉经管词典收录了3426条经济管理类英汉双解词条，基本涵盖了经济学、管理学、金融学、会计学、证券期货、商务活动等领域的常用英语单词及短语词组的翻译及用法，是学习及工作的有利工具。