Financialmarketsandinstitution幻灯片.pptVIP

Chapter 2:  Financial Markets and Institutions;Chapter 2 Contents;The Financial System;2.1 What is the Financial System?;Geography of the Markets;2.2 The Flow of Funds;The Flow of Funds Diagram;The Flow of Funds Diagram;Fund Flows via Market;Fund Flows via Intermediary;Transferring Resources Across Time and Space;Managing Risk ;Managing Risk ;Clearing and Settling Payments;Pooling Resources and Dividing Ownership in Large Assets;Pooling Resources and Dividing Ownership in Large Assets;Providing Information;Dealing with Incentive Problems;Moral Hazard;Adverse Selection;Principal-Agent Problem;2.4 Financial Innovation the “Invisible Hand”;2.5 Financial Markets: By Basic Financial Assets;Markets: By Maturity;2.6 Financial Market Rates;SP 500 index; ;上证指数：1990-2013;2.7 Financial Intermediaries