国际金融练习ch06.docVIP

Chapter 6: International Banking, Central Banks, and Supranational Financial Policymaking Institutions I. Chapter Overview Chapter 6 is devoted to explaining some of the key institutional details of the international banking and payments system, central banking, and supranational financial policymaking institutions. The chapter begins with a discussion of the role of financial intermediation, and discusses two important reasons for the existence of indirect finance through intermediaries: (1) the existence of asymmetric information between borrowers and leaders, including situations