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Chapter 2 Overview of the Financial System
Chapter Preview ,[object Object],[object Object],[object Object]
Chapter Preview ,[object Object],[object Object]
Chapter Preview ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Function of Financial Markets  ,[object Object],[object Object]
Financial Markets Funds Transferees ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Segments of Financial Markets ,[object Object],[object Object],[object Object],[object Object]
Function of Financial Markets
Importance of Financial Markets ,[object Object],[object Object]
Importance of Financial Markets ,[object Object],[object Object]
Structure of Financial Markets ,[object Object]
Structure of Financial Markets ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Structure of Financial Markets ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Structure of Financial Markets ,[object Object],[object Object],[object Object]
Structure of Financial Markets ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],NYSE home page http://www.nyse.com
Classifications of Financial Markets ,[object Object],[object Object],[object Object]
Internationalization of Financial Markets ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Internationalization of Financial Markets ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Internationalization of Financial Markets ,[object Object]
Internationalization of Financial Markets
Global perspective Relative Decline of U.S. Capital Markets ,[object Object],[object Object]
Global perspective Relative Decline of U.S. Capital Markets ,[object Object],[object Object],[object Object],[object Object],[object Object]
Function of Financial Intermediaries: Indirect Finance We now turn our attention to the top part of Figure 2.1 – indirect finance.
Function of Financial Intermediaries : Indirect Finance ,[object Object],[object Object],[object Object]
Function of Financial Intermediaries : Indirect Finance ,[object Object],[object Object],[object Object]
Function of Financial Intermediaries : Indirect Finance ,[object Object],[object Object],[object Object]
Function of Financial Intermediaries : Indirect Finance ,[object Object],[object Object],[object Object]
Global Perspective ,[object Object],[object Object],[object Object]
Function of Financial Intermediaries : Indirect Finance ,[object Object],[object Object],[object Object]
Function of Financial Intermediaries : Indirect Finance ,[object Object],[object Object]
Function of Financial Intermediaries : Indirect Finance ,[object Object],[object Object],[object Object]
Function of Financial Intermediaries : Indirect Finance ,[object Object],[object Object],[object Object],[object Object]
Asymmetric Information:  Adverse Selection and Moral Hazard ,[object Object],[object Object],[object Object],[object Object],[object Object]
Asymmetric Information:  Adverse Selection and Moral Hazard ,[object Object]
Types of Financial Intermediaries
Types of Financial Intermediaries
Types of Financial Intermediaries ,[object Object],[object Object],[object Object],[object Object]
Types of Financial Intermediaries ,[object Object],[object Object],[object Object]
Contractual Savings  Institutions (CSIs) ,[object Object],[object Object],[object Object]
Contractual Savings  Institutions (CSIs) ,[object Object],[object Object]
Types of Financial Intermediaries ,[object Object],[object Object]
Types of Financial Intermediaries ,[object Object],[object Object]
Regulatory Agencies
Regulation of Financial Markets ,[object Object],[object Object],[object Object]
Regulation Reason:  Increase Investor Information ,[object Object],[object Object],SEC home page http://www.sec.gov
Regulation Reason:  Increase Investor Information ,[object Object],SEC home page http://www.sec.gov
Regulation Reason: Ensure Soundness  of Financial Intermediaries ,[object Object],[object Object],[object Object]
Regulation Reason: Ensure Soundness  of Financial Intermediaries (cont.) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Regulation: Restriction on Entry ,[object Object],[object Object],[object Object],[object Object]
Regulation: Disclosure ,[object Object],[object Object],[object Object],[object Object],[object Object]
Regulation: Restriction on Assets and Activities ,[object Object],[object Object]
Regulation: Restriction on Assets and Activities ,[object Object],[object Object]
Regulation: Deposit Insurance ,[object Object],[object Object]
Regulation: Deposit Insurance ,[object Object],[object Object]
Regulation: Past Limits  on Competition ,[object Object],[object Object]
Regulation: Past Restrictions  on Interest Rates ,[object Object],[object Object],[object Object]
Regulation Reason: Improve Monetary Control ,[object Object],[object Object],[object Object]
Financial Regulation Abroad  ,[object Object],[object Object],[object Object],[object Object]
Chapter Summary ,[object Object],[object Object]
Chapter Summary (cont.) ,[object Object],[object Object]
Chapter Summary (cont.) ,[object Object],[object Object]

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Chapter 02_Overview of the Financial System