《金融学基础》Module_2金融市场和 与金融机构.pptVIP

Quiz1: Which is the distinguishing characteristic of financial decisions? Quiz2: In general, which of the following does not refer to the financial decisions of firms ( ) A. issuing common stocks to finance strategic entering into emerging industries B. how much to save for the children’s education of the employees C. managing working capital of supply chains D. insuring plants and other properties;Defining finance Flow of funds Financial system and its functions Financial markets and intermediaries ;Module 2: Financial System;Module 2 Contents;Recall… An example: wars, financing and reparations The financial system is defined as the set of markets and other institutions used for financial contracting and the exchange of assets and risks 提供市场、工具、机制，促进交易顺利进行;Fund Flows via Intermediary;Fund Flows via Market;Fund Flows via Intermediary and Market;Fund Flows via Markets and Intermediaries;The Flow of Funds;Clearing and Settling Payments Transferring Resources across Time Space Managing Risk Pooling Resources and Subdividing Shares Providing Information Dealing with the Incentive Problems;Clearing and Settling Payments;Transferring Resources across Time Space;Managing Risk;Pooling Resources and Subdividing Shares;Pooling Resources and Subdividing Shares;Providing Information; ; ; ;; ;;;×;The Adverse Selection Problem;The Moral-Hazard Problem;The Principal-Agent Problem;Financial institutions generally differ across borders and also change over time. Financial products and services become more and more.;Financial Innovation;Financial Infrastructure and Regulation;Governmental Quasi-Governmental Organizations;Governmental Quasi-Governmental Organizations;Governmental Quasi-Governmental Organizations;Assignments;Preview;The Components of Financial Systems;银行如何赚钱？;Financial Intermediaries;To help business, governments, and other entities raise funds to finance their activities by issuing securities. To facilitate and sometimes initiate mergers of firms or