Zezimali yamanje kube inkomba yokuthi ukusebenza kwe-solvency ukuphathwa

Ukuphathwa of impahla ibe yimali futhi solvency we yasebhange kwakuthiwa esekelwe eziningi ezahlukene eyeza nezazi zezinkanyezi ezikhuluma: imfundiso yokuziphendukela ukubolekisa, hambisa, imali okulindeleke, nabanye. Bonke babe izinzuzo zabo kanye nebubi, futhi njengoba injalo emsulwa ayihambisani izidingo ezingokoqobo. Nokho, i-zamagama kwezici ezithile ezincwadini amabhange ukudala umqondo ayo zezimali nokuphathwa, ofanele kakhulu nezidingo umsebenzi wabo, futhi isetshenziswa ngokuphumelelayo.

Ngesikhathi sigaba samanje Ukukhetha elisetshenziswa yasebhange zezimali nokuphathwa umqondo ichaza izindlela ezimbili: kuphakathi kokuthi ibhange kumele hlale reserve isamba elanele amafa ewuketshezi, noma ukuthi nokwazi ukuheha zezimali nganoma yingasiphi emakethe yezimali. Ezincwadini kwezomnotho, lokhu okunye sivezwe kula ukwehlukana yasebhange zezimali likvidnost- "ukuphepha" (zezimali fixed) kanye likvidnost- "ukugeleza" (zezimali yamanje). Eyokuqala yalezi uchaza zezimali ebhange isikhathi esinikeziwe, ukuzimisela nazo zonke izibopho zamanje ngesisekelo zezimali etholakalayo. zezimali yamanje libonisa ukuthi kungenzeka ukuguqulela amafa illiquid ku ketshezi ngaphezulu, kanye nokunikeza esiphansi yokusungula zezimali evumela ukulawula iyashelela izimo foldable.

Le ndlela kuya zezimali isibuyekezo sinquma okuqukethwe linqoba ngesikhathi amasu ukuphathwa isikhashana zezimali, ayinhloko kokuba: ukulawula isu kwempahla, ngokuqondene nezimpahla kanye nezikweletu.

Eyokuqala yalezi ukunqwabelana yasebhange zezimali ngesimo imali. Ukusetshenziswa lelisu predetermined khona kuleli zwe, ithuthukiswe ezimakethe zezimali kanye amanani ezinzile kanye nokwenzeka nokubuyiselwa utshalomali kokuqala engozini aphansi. Isu lokubhekela isibopho sezomthetho kusekelwe boleko yokukhokha, lapho zezimali zamanje uphansi. Iningi wanelise izidingo umkhuba zanamuhla is a isu yesithathu. Lezi zindlela zikholelwa ukuthi impahla ibe yimali zamanje inakekelwa ngokwezinga lapho aphezulu balindeleke ukuba bakwazi ukuhlangabezana nezidingo zamanje kanye ukuhileleka kwabo asebenzayo emakethe uma kunesidingo.

zezimali yamanje, nazo zonke amasu ngenhla nezindlela, practice it unikezwa ezingeni eyamukelekayo, kuyilapho bona amasu ukulawula azibonakali impela futhi kabanzi amabhange zanamuhla inqubo esetshenziswayo ezimakethe zezimali. Nokho, ukuba khona eziningi izimo esisemqoka impumelelo isicelo sabo akayigaguli ebhange usethembe ngokugcwele ukuphepha nemisebenzi yabo. Idatha ukuphathwa amasu izinsiza zinezikhathi ezingeni eliphansi ukunemba, okuholela ekulahlekeni ingxenye enkulu bezikhali inzuzo, futhi isimo lapho zezimali zamanje kuyehla. Kulokhu, bona ingasetshenziswa kuphela ngokuyinhloko ukuxazulula isimo ekhona kakade. Nokho, indlela ephumelelayo ukulondoloza zezimali zalo yasebhange yena uqagula a yokukhuphuka kungenzeka izimo ezinzima ukuze athathe izinyathelo. Ngakho-ke kubalulekile kulesigaba iwukucabangela ukubonakaliswa esisebenzayo yebhange zezimali futhi njengoba likvidnost- "umhlahlo".

Likvidnost- "umhlahlo" libhekene ukuhlonza kungenzeka ukuthuthukiswa izilinganiso zezimali e zinjani izimo kanye ukwamukelwa of eziningana izinyathelo ngesikhathi esifanele ukuze sizuze esiphezulu kusukela isimo. Indlela Yokwenza zezimali nokuphathwa kule ndlela esekelwe indlela ukumodeliswa zezibalo izinqubo ashukumisayo nge ukusebenza nokwenza ethize. Lezi zindlela enze kube nokwenzeka ukuba ukwandisa nekusebenta izinqumo zokuphatha kanye nokuhlinzekela ezingeni kudingekile sokuphepha.