TAILIEUCHUNG - Lecture Money, banking, and financial markets (3/e): Chapter 6 - Stephen G. Cecchetti, Kermit L. Schoenholtz

Chapter 6 provides knowledge of bonds, bond prices, and the determination of interest rates. In this chapter, you will understand the relationship between bond prices and interest rates, understand that supply and demand in the bond market determine bond prices, and understand why bonds are risky. | Chapter Six 6- Introduction Car loans, home mortgages, and even credit card balances all create a loan from a financial intermediary - just like government and corporate bonds. Virtually any financial arrangement involving the current transfer of resources from a lender to a borrower, with a transfer back in the future, is a form of a bond. This free flow of resources through bond markets is essential to a well functioning economy. 6- Introduction Alexander Hamilton, the first Secretary of the US Treasury, brought bonds to the . One of his first acts was to consolidate all debt from the Revolutionary War resulting in the first . government bonds. Many features of original bonds are the same, even with a more complex bond market. 6- Goals of the Chapter To understand the financial system, particularly the bond market, we must: Understand the relationship between bond prices and interest rates, Understand that supply and demand in the bond market determine

• 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