資本市場和金融機(jī)構(gòu)(10)(參考版)
2025-05-17 22:51本頁面
【正文】 1 CAPITAL MARKETS AND FINANCIAL INSTITUTIONS (BUS 498) By ARTURO RUBALCAVA 2 This course examines: ? The way in which Financial Markets function ? The pivotal role played by Financial institutions ? Main emphasis: ? Coverage of Canadian markets and institutions ? Coverage of risk measurement and management ? Riskreturn tradeoffs available to investors. 3 Introduction 1. Financial System 2. Financial Markets 3. Financial Institutions 4. Economic functions of FIs 5. Financial Innovation 6. Regulation of the Financial System 7. Conclusions 4 1. Financial System Its main role is to gather money from parties that have more money than they need right now and route those funds to those that can use them for either business or consumer expenditures. This is facilitated by Financial Markets and Financial Institutions 5 2. Financial Markets Markets where parties buy and sell financial instruments including stocks, bonds, options, foreign exchange contracts. Example: BCE needs to finance a $400 million tele project. It can get the money via: A) Financial Markets by borrowing directly from investors (.,households) B) By borrowing indirectly from households via a Financial Intermediary (., a mercial bank). Households Nortel $ $ Bonds Bonds Financial Markets A) 6 Financial markets: Classification ? Money Market. Short term debt instruments ? Maturity of securities
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