TAILIEUCHUNG - Lecture Money, banking, and financial markets: Chapter 2 - Stephen G. Cecchetti, Kermit L. Schoenholtz

Chapter 2 provides knowledge of money and the payments system. After completing this chapter, students will be able to understand what money is, to understand how we use money and to understand how we measure money. | Chapter Two 2- Goals of the Chapter To understand what money is. To understand how we use money. To understand how we measure money. 2- Money and How We Use It Money is an asset that is generally accepted as payment for goods and services or repayment of debt. Income is a flow of earnings over time, where wealth is the value of assets minus liabilities. 2- Money and How We Use It Money has three characteristics: It is a means of payment It is a unit of account, and It is a store of value. The first of these characteristics is the most important 2- Money and How We Use It It is a means of payment People insist on payment in money. Barter requires a “double coincidence of wants”. Money is easier and finalizes payments so no further claim on buyers and sellers. 2- Money and How We Use It It is a unit of account. Money is used to quote prices and record debts - it is a standard of value. Prices provide the information needed to ensure resources are

• Ngân hàng - Tín dụng
• Financial markets
• Financial system
• Financial institutions
• Central banks
• Monetary policy
• Payments system
• 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