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貨幣是什麼？它與財富、所得有何不同？貨幣是如何演進的？它具有什麼功能？人們為什麼要擁有貨幣？什麼是電子現金？什麼是貨幣供給？如何測度？什麼是M1A、M1B、M2？什麼是通貨、準備金、準備貨幣、準貨幣？什麼是貨幣基數、貨幣乘數？什麼是期貨、選擇權？為什麼會有銀行？它有何功能，如何創造信用？什麼是網路銀行？中央銀行主要功能為何？它如何執行貨幣政策？什麼是公開市場操作、存款準備金政策與重貼現率政策？什麼是通貨膨脹？它與貨幣有何關係？什麼是利率？它是如何決定的？什麼是外匯、匯率與外匯存底？匯率制度有哪些？匯率如何決定？為何會升值或貶值？各種匯率制度下，貨幣政策效果有何不同等等？我們每天都在用錢，時常與銀行接觸，利率、匯率、物價膨脹率、經濟成長率與失業率等，都與我們的生活息息相關，而這些都是貨幣銀行學所關心的問題。

本報自民國81年起，已將原編撰之證券年鑑擴增內容改編為「金融證券年鑑」，專為工商業者及投資大眾提供國內、外最新的金融資訊，以供讀者投資、理財及查閱參考。 今年本報仍將賡續以往精神，廣邀學者、專家編印「中華民國105年金融證券年鑑」，以善盡專業報紙資訊傳播與工商服務職責。

把握綠色金融機遇，擴寬企業融資渠道，增加投資可持續價值 氣候變化等環境問題爲社會、經濟及企業的風險日增，世界各地致力推行改善措施，但所需龐大資金如何募集？ 全球對綠色金融的關注和投資日益增加，香港亦致力發展成為區內的綠色金融中心。香港品質保證局不但推出香港首個「綠色金融認證計劃」，亦在香港及西安等地舉行多場大型論壇，發表大灣區可持續發展融資研究報告，大力推廣環境友善投資。 為了讓綠色金融走進大眾視野，繼2011年出版《企業社會責任在香港》後，香港品質保證局再獻新猷，推出《綠色金融在香港》，期望引領更多企業、投資者及社會認識這股大趨勢，一起促進綠色金融及產業的長遠發展。 為了讓更多企業及投資者認識綠色金融這股大趨勢，本書將闡述其定義及框架，概覽綠色金融在全球、中國内地及香港的發展，簡介綠色金融實踐和認證的具體做法，輔以發行機構個案分享，剖析綠色金融為持分者帶來的效益，以及展望未來發展。希望藉著本書深入淺出的介紹，有助推動更多企業及投資者把握綠色金融的機遇，共同推進世界經濟可持續發展的進程。

Finance & Development, June 2018

Finance and Development, March 2017

此次改版蒐羅最近具有代表性的重要財經新聞報導，如金融科技、政府新政、英國脫歐、川普上任、肥咖條款、紅色併購、巴黎協定、公司治理等，都更新在此次的改版內容中。從相關的重點新聞中找出關鍵的財經詞彙，並提供新聞導讀，幫助讀者理解新聞中的資訊。此外，本書也延續例題的特色，在每篇結束後附有例題，透過練習來協助深化思考及判斷，將理論知識應用於現實生活及職場工作之中，達到學以致用的目的。

Finance and Development, December 2015

Finance and Development March 2016

Finance and Development, September 2016

對於因同類危險遭致損失者，保險制度得聚集力量分攤其等風險；而財產保險更有助於個人或企業移轉風險、減少損失。無論是個人、企業或是重大公共工程風險管理，財產保險已成為現今社會經濟安全不可或缺之機制，是國家經濟穩定與發展重要影響因素。因此，推廣財產保險知識普及社會大眾，亦為保險教育宣導重大任務。 本書作者現為中央再保險公司董事長，並於國立政治大學授課，過去曾於財政部保險司擔任公職，亦曾於產物保險公司服務，在產物保險領域，長期累積產、官、學多元豐富經驗；所發表之財產保險著作在理論與實務方面均具厚實根基。本書於民國77年6月出版，至民國97年已為修訂八版。本次修訂後共有十九章，另增撰一章「僱主責任保險」，全書合計共二十章。主要修訂重點為納入作者最新研究見解，亦配合保險法令修正等修訂部分文字及內容。本書可供保險從業人員參考，可作大專院校保險系所上課教材，更可協助一般讀者及保戶獲取相關專業知識。

For the latest thinking about the international financial system, monetary policy, economic development, poverty reduction, and other critical issues, subscribe to Finance & Development (F&D). This lively quarterly magazine brings you in-depth analyses of these and other subjects by the IMF's own staff as well as by prominent international experts. Articles are written for lay readers who want to enrich their understanding of the workings of the global economy and the policies and activities of the IMF.

Finance and Development, June 2014

This year, we mark the 70th anniversary of the IMF and World Bank and the 50th anniversary of F&D. The world has seen a staggering amount of change in the past seven decades. So, with these two anniversaries in mind we focused our attention on the transformation of the global economy—looking back and looking ahead. What will the global economy look like in another 70 years? Five Nobel laureates—George Akerlof, Paul Krugman, Robert Solow, Michael Spence, and Joseph Stiglitz—share their thoughts on which single “frontier” issue promises to shape the economic landscape in the years ahead. In “A World of Change,” Ayhan Kose and Ezgi Ozturk chart the economic transformations of the past 70 years. Martin Wolf looks at the perils and promise of globalization in “Shaping Globalization.” IMF Chief Christine Lagarde charts a course for the IMF in the next decade in Straight Talk IMF Chief Economist Olivier Blanchard distills the lessons of the 2008 global financial crisis in “Where Danger Lurks.” This issue also features cartoonist Nick Galifianakis and Joe Procopio telling the story of the IMF's origins in a seven-page comic. The People in Economics series profiles a giant in economics—Nobel winner and Stanford professor Ken Arrow, who built on an early passion for math and work in meteorology during World War II to launch a storied career in economics. Articles on the future of energy in the global economy by Jeffrey Ball and on measuring inequality—the most hotly debated economic issue of recent days—by Jonathan Ostry and Andrew Berg round out the package.

本中心於民國96 年特邀集國內保險財務、會計、精算、風險管理等相關專家學者，以深入淺出方式介紹評估與監理保險公司財務健全度的各種機制及方法，出版「保險財務評估與監理」一書，迄今已屆7 年。自金融危機發生以來，因保險業者為了增加獲利而從事「類銀行」業務，從而顯示保險業若從事特定業務，也會如同銀行般帶來系統性風險，因此，有加強監理的必要。例如，美國國際保險集團(AIG)於金融海嘯中，驚傳財務危機震驚全球。 在國際上，對於保險業的監理，在美國的核心是風險資本概念，另一個是歐洲的償付能力(Solvency I)。為因應當前監理的需要，歐盟強調全面施行Solvency II 的決心，但由於美國保險監理體系在全球具有重大的影響力，因此歐盟在推行過中仍須謀取與美國的合作。其中，我國於民國100 年正式施行財務會計準則公報第四十號「保險合約之會計處理準則」，爰再度委請專家學者，特別針對保險會計準則適用第四十號公報進行深入解析，並補充風險值(VaR)介紹及風險資本額(RBC)制度檢討，另外更增加企業風險管理(ERM)中已被納入信評公司之評等考量因素，以使讀者能對財務評估與保險監理有更完整、更精進的認識。 修訂一版得以順利付梓，歸功所有參與本書修訂之諸位專家學者，在有限的時間及篇幅中，將最精要之保險創見，以具體且完整架構的概念呈現，嘉惠後學，一併敬申謝忱！本書之出版必有助於外界暸解如何評估保險產業之財務及其監理，內容更深具參考價值，誠為實務、學術研究、教學、監理等上乘之選。

本書有系統地探討台灣金融體制在過去50多年來的演變過程，所遭遇的問題，及其解決途徑。台灣金融體制經過經濟管制時期、經濟鬆綁時期，以及經濟自由化時期，由落後、傳統，進展為進步與現代化。雖然當中歷經兩次能源危機的震撼、泡沫經濟破滅的洗禮、東亞金融風暴的掃射，以及全球不景氣的衝擊，台灣金融體制仍能順應世界貿易組織的要求，並因應全球化浪潮的激盪，呈現出浴火重生的新貌，諸如公營金融機構民營化以增強其競爭力，金融控股公司成立有助於擴大經營規模，以及金融改革對健全金融法規的貢獻等。在金融經濟成為主流的二十一世紀，鑑古知今是本書出版的一項重要目的。

為因應法令規章之修正及保險實務運作之變遷，本次大幅更新全書內容，共分十三篇，由於頁次過多故分為上、下兩冊。上冊包含營造綜合保險、安裝工程綜合保險、施工中的風險管理、第三人意外責任保險、雇主意外責任保險及延遲完工保險。全書內容辨析詳實、結構縝密，對於從事工程保險之人員足堪實用，乃至於有心精研工程保險者，極具啟發參考助益。

工程保險屬於產物保險之一支，何以有別於歷史悠久之火災保險或其他財物保險？即有關「工程」一詞之探討，一般被認知為大規模施工或製造工作，而工程保險之「工程」一詞來自於英文「engineering」，顧名思義它源自engine一字，從引擎(或發動機)的發明、製造、使用延伸而得，其意義發展及應用相當廣範，不限於引擎，韋式字典定義engineering為：工程是一種科學與數學的應用，使得物質與自然能源可被製造成有用於人類之結構物、機械、產品、系統及程序軟體等產品。工程保險一詞即與這個定義有密切的關聯。簡而言之，工程保險並非單一保險商品，而是保險業使用的統籌用語，以歸類各種因「工程」思維而發展出來，為了保障不同行業之工程製造、建築、安裝、操作及使用的保險商品，並且涵蓋了工程風險管理、損失控制與損害防阻的範疇。

從金融海嘯對我國保險市場的影響出發，揭開全書的三大主軸：經營面、監理面及市場面。在經營面中，作者以公司治理為中心，深入探討董事、專業人員的專業道德，以及風險管理的意涵；在監理面中，作者從目前台灣風險基礎資本額（RBC）與費率自由化的實施歷程，到歐洲Solvency II 及企業風險管理（ERM）的監理架構，分析其中的特性與意義，乃至提出保險監理之社會價值的感想；在市場面中，作者除談到保險、再保險市場的問題外，也撰文論述資本市場、籌資管道對壽險公司經營的重要性等。

本書的章節是以P & I保險與船體保險為主，除了一些基本知識外，還將此兩種保險經常產生保險(理賠)競合的地方，特別提出討論，如此一來，才不會產生混淆或是觀念不清的情事。此書的編排以問答的方式呈現，讓讀者容易查閱。

整合實務與理論為精算之基石，理論家提供之方案可能不切實際，經營管理者了解務實但卻可能觀念錯誤，如同本書內各章節所實證，精算師能提供正確與務實之解決方案。『基礎產險精算』提供了精算學生們接觸最新產險精算學科的管道，並鼓勵學生加入精算專業的領域。本書是由現代幾位頂尖精算師共同執筆，它帶領讀者進入精算領域的殿堂，除了提供整體之概念外，也介紹精算知識近年來之發展趨勢。

By combating malaria with mosquito nets or building schools and providing basic sanitation, philanthropy is helping transform the developing world. Rich donors are devoting fortunes—many of them earned through computer software, entertainment, and venture capitalism— to defeating poverty and improving lives, supplementing and in some cases surpassing official aid channels.From billionaires Bill and Melinda Gates and Warren Buffett to Aliko Dangote and George Soros, the titans of capitalism are backing good causes with their cash. Whether financing new vaccines, building libraries, or buying up Amazon rain forest to protect the environment, philanthropists are supporting innovations and new approaches that are changing lives and building dreams.This issue of F&D looks at the world of targeted giving and social entrepreneurship.“ Philanthropy's role is to get things started,” says Microsoft co-founder Bill Gates, who is the world's most generous giver. “We used foundation funds to set up a system to make market forces work in favor of the poor.” He says that catalytic philanthropy can make a big difference. “Good ideas need evangelists. Forgotten communities need advocates.” Former U.S. President Bill Clinton tells us that networks of creative cooperation between government, business, and civil society can get things done better to solve the world's most pressing problems.Also in this issue, Prakash Loungani profiles superstar economist Jeffrey Sachs, who helped campaign for debt relief for developing economies and championed the Millennium Development Goals. We look at how, instead of spending commodity price windfalls on physical investments, which are often sources of corruption, governments of poor countries are sometimes well advised to hand some of the income over to their citizens. We examine moves by major central banks to ease our way out of the crisis enveloping advanced economies in our Data Spotlight column, and we hear about how China's growth inspires creativity in the West.

For the latest thinking about the international financial system, monetary policy, economic development, poverty reduction, and other critical issues, subscribe to Finance & Development (F&D). This lively quarterly magazine brings you in-depth analyses of these and other subjects by the IMF's own staff as well as by prominent international experts. Articles are written for lay readers who want to enrich their understanding of the workings of the global economy and the policies and activities of the IMF.

Five years after the first stirrings of the crisis, some countries have recovered, but others are still struggling. F&D looks at the world today and sees a complex and mixed picture for the future of the world economy. In'Tracking the Global Recovery'we learn that most emerging markets seem to have moved on from the effects of the crisis, but most advanced economies have not.'Fixing the System'looks at how the pace of reforms to strengthen financial regulation has now slowed. World Bank trade economist Bernard Hoekman takes stock of incipient moves toward protectionism in'Trade Policy: So Far So Good?'.'Bystanders at the Collapse'looks at how emerging markets and low-income countries weathered the global recession. Financier Mohamed El-Erian weighs in on the potential threat posed by large payment surpluses and deficits in'Stable Disequilibrium.'Also in the magazine, we explore what's happening in commodities markets, assess the rise of green technologies, take a look at the shifts in South Asia's labor force, and uncover the harm money laundering can inflict on national economies. F&D's People in Economics series profiles Laura Tyson, Minder of the Gaps, and the Back to Basics series explains how money markets provide a way for borrowers to meet short-term financial needs.

Young people, hardest hit by the global economic downturn, are speaking out and demanding change. F&D looks at the need to urgently address the challenges facing youth and create opportunities for them. Harvard professor David Bloom lays out the scope of the problem and emphasizes the importance of listening to young people in'Youth in the Balance.''Making the Grade'looks at how to teach today's young people what they need to get jobs. IMF Deputy Managing Director, Nemat Shafik shares her take on the social and economic consequences of youth unemployment in our'Straight Talk'column.'Scarred Generation'looks at the effects the global economic crisis had on young workers in advanced economies, and we hear directly from young people across the globe in'Voices of Youth.'Renminbi's rise, financial system regulation, and boosting GDP by empowering women. Also in the magazine, we examine the rise of the Chinese currency, look at the role of the credit rating agencies, discuss how to boost the empowerment of women, and present our primer on macroprudential regulation, seen as increasingly important to financial stability. People in economics - C. Fred Bergsten, American Globalist Back to basics - The multi-dimensional role of banks in our financial systems.