TAILIEUCHUNG - Lecture Money, banking, and financial markets (3/e): Chapter 3 - Stephen G. Cecchetti, Kermit L. Schoenholtz

Chapter 3 provides knowledge of financial instruments, financial markets, and financial institutions. In this chapter we will survey the financial system in three steps: Financial instruments or securities, financial markets, financial institutions. | Chapter Three 3- Introduction The international financial system exists to facilitate the design, sale, and exchange of a broad set of contracts with a very specific set of characteristics. We obtain financial resources through this system: Directly from markets, and Indirectly through institutions. 3- Introduction Indirect Finance: An institution stands between lender and borrower. We get a loan from a bank or finance company to buy a car. Direct Finance: Borrowers sell securities directly to lenders in the financial markets. Direct finance provides financing for governments and corporations. Asset: Something of value that you own. Liability: Something you owe. 3- Figure : Funds Flowing through the Financial System 3- Introduction Financial development is linked to economic growth. The role of the financial system is to facilitate production, employment, and consumption. Resources are funneled through the system so resources flow to their most efficient

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