Untitled2_7 - Chapter 1 Introduction Chapter 1 Introduction...

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Chapter 1: Introduction 1 Chapter 1: Introduction General introduction to the subject This subject guide provides an introduction to the principles of banking and finance. Therefore it covers a broad range of topics using an economic perspective, and aims to give a general background to any student interested in the subject of banking and finance. The contents of the subject guide can be broken down into three main parts: • In Part I, we investigate the structure and functions of financial systems. We focus on each of the three main entities that compose financial systems: financial intermediaries, securities and financial markets. Then we find out the difference in the relative importance of financial intermediaries and financial markets around the world, and thus we propose a historical and economic investigation of the reasons behind the emergence of bank-based systems against market-based systems in different countries. • In Part II, we examine the issues that come under the broad heading of
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This note was uploaded on 09/23/2009 for the course BUSI 101 taught by Professor Wormer during the Spring '08 term at Acton School of Business.

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