TAILIEUCHUNG - Lecture Money, banking, and financial markets (3/e): Chapter 14 - Stephen G. Cecchetti, Kermit L. Schoenholtz

Chapter 14 - Regulating the financial system. The purpose of this chapter is: To look at the sources and consequences of financial fragility focusing on the banking sector, to look at the institutional safeguards the government has built into the system in an attempt to avert financial crises, to study the regulatory and supervisory environment of the banking industry, to examine emerging approaches to regulation that focus on the safety of the financial system rather than on individual institutions. | Chapter Fourteen 14- Introduction Disruptions to the financial system are surprisingly frequent and widespread. Financial crises have not only been expensive to clean up, but they have had a dramatic impact on growth in the countries where they occurred. Figure plots information on the fiscal cost and economic impact of banking crises between 1970 and 2007. 14- 14- Financial Crisis Banking crises are not a recent phenomenon: The history of commercial banking over the last two centuries is replete with periods of turmoil and failure. Financial systems are fragile and vulnerable to crisis. But when a country’s financial system collapses, its economy goes with it. When government oversight fails, the costs can be enormous. 14- Introduction The purpose of this chapter is: To look at the sources and consequences of financial fragility focusing on the banking sector. To look at the institutional safeguards the government has built into the system in an

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• 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