TAILIEUCHUNG - Lecture Money and capital markets: Chapter 3 - Peter Rose, Milton Marquis

Chapter 3 - The financial information marketplace. In this chapter you will be able to identify the most important sources of information about the money and capital markets and the financial system, discover why the efficient distribution of information within the financial system is so important and what can happen when relevant financial information is not readily available to all market participants. You will understand how any individual or institution active in the financial marketplace can keep track of the prices of financial assets and interest rates. | Chapter 3 The Financial Information Marketplace Learning Objectives To identify important sources of information about the financial system. To understand why the efficient distribution of information within the financial system is so important. To learn how market participants keep track of the prices of financial assets. To learn about the flow of funds accounts and discover what is meant by “social accounting.” Introduction Sound financial decisions require adequate and reliable financial information. We may divide the sources of information relied on by financial decision makers into: debt security prices and yields, stock prices and dividend yields, information on security issuers, general economic and financial conditions, and social accounting data. The Great Debate Over Efficient Markets & Asymmetric Information The efficient markets hypothesis (EMH) contends that information relevant to the pricing (valuation) of loans, securities, and other financial assets is readily .

• Tài chính doanh nghiệp
• Capital markets
• Lecture Money and capital markets
• Financial institutions
• Financial system
• Financial information marketplace
• Global marketplace
• Money markets
• Financial markets
• Central banks
• Monetary policy
• Stock markets
• Global economy
• Financial assets
• Financial transactions
• Financial forces
• Interest rates
• Calculating interest rates
• Risk structure of interest rates
• Interest rate forecasting
• Investment risk
• Major corporations
• Federal credit agencies
• Services of the federal reserve
• Central bank monetary policy
• Commercial banking industry
• Nonbank thrift institutions
• Insurance companies
• Investment banks
• Federal reserve system
• Local governments operating
• Business borrowing
• Corporate stock
• Consumer lending
• Residential mortgage market
• International transactions
• Currency values