TAILIEUCHUNG - Lecture Money, banking, and financial markets: Chapter 8 - Stephen G. Cecchetti, Kermit L. Schoenholtz

Chapter 8 provides knowledge of stocks, stock markets, and market efficiency. The goals of this chapter are: To try to make sense of the stock market, to show what fluctuations in stock value mean for individuals and for the economy as a whole, to look at a critical connection between the financial system and the real economy, explain why we sometimes have bubbles and crashes. | Chapter Eight 8- Introduction By giving individuals a way to transfer risk, stocks supply a type of insurance enhancing our ability to take risk. Companies use stocks as a way to obtain financing. Stocks are a central link between the financial works and the real economy. Stocks tell us the real value of a company. Stocks allocate scarce resources. 8- Introduction During a week in 1929, the New York Stock Exchange lost more than 25 percent of its value. This marked the beginning of the Great Depression. In October 1927, prices fell nearly 30 percent in one week. In the 1990’s stock prices increased nearly fivefold, and we forgot about the black Octobers. 8- Introduction From January 2000 to the feel after the Sept. 11, 2001 terrorist attacks, the Dow Jones Industrial Average fell more than 30 percent. During the same period, the Nasdaq composite index fell 70 percent and has remained low ever since. This was dubbed the “Internet bubble”. The recent financial .

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