TAILIEUCHUNG - Lecture Money, banking, and financial markets: Chapter 1 - Stephen G. Cecchetti, Kermit L. Schoenholtz

Chapter 1 - An introduction to money and the financial system. The following will be discussed in this chapter: Every financial transaction has a story; there is a complex web of interdependent institutions and markets making up the foundation of daily financial transactions; the six parts of the financial system; the five core principles of money and banking. | Chapter One 1- Introduction Every financial transaction has a story. There is a complex web of interdependent institutions and markets making up the foundation of daily financial transactions. The Six Parts of the Financial System. The Five Core Principles of Money and Banking. 1- Six Parts of the Financial System Money To pay for purchases and store wealth. Financial Instruments To transfer resources from savers to investors and to transfer risk to those best equipped to bear it. Financial Markets To buy and sell financial instruments. Financial Institutions To provide access to financial markets, collect information & provide services. Regulatory Agencies To provide oversight for financial system. Central Banks To monitor financial Institutions and stabilize the economy. 1- Six Parts of the Financial System Money Money has changed from gold/silver coins to paper currency to electronic funds. Cash can be obtained from an ATM any where in the world. Bills are paid

• Ngân hàng - Tín dụng
• Financial markets
• Financial system
• Financial institutions
• Central banks
• Financial transaction
• Five core principles
• Lecture Financial markets
• Thị trường tài chính
• Financial futures markets
• Valuation of financial futures
• Interest rate futures
• Lecture Financial markets and institutions
• Financial institutions markets
• Capital markets
• Money markets
• Derivative securities markets
• Futures markets
• Option markets
• Swap markets
• Foreign exchange derivative markets
• Bank management
• Types of Financial Markets
• Securities traded
• Valuation of securities
• Money market yields
• Bond markets
• Municipal bonds
• Mortgage markets
• Primary mortgage market
• Stock markets
• Common stock
• Foreign exchange markets
• Foreign exchange
• Commercial banks
• Financial statements
• Risks at financial institutions
• Market risk
• Exchange rates
• Economics 252
• Efficient markets
• Excess volatility
• Efficient Markets Hypothesis
• Interest rate derivative markets
• Interest rate swaps
• Mortgage backed securities
• Globalization of mortgage markets
• Financial markets and institutions
• The financial system
• Interest rates change
• Financial markets efficient
• Term structure affect interest rates
• The stock market
• The mortgage markets
• The international financial system
• Financial regulation
• Interest rate fundamentals
• Interest rates
• Security valuation