Untitled2_4 - 99 Chapter 6: Risk management in banking 101...

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24 Principles of banking and finance ii Introduction 62 Some evidence on financial intermediation 62 Why do financial intermediaries exist? 64 Asset transformation 65 Transaction costs 67 Liquidity needs 68 Asymmetric information: adverse selection and moral hazard 69 What is the future for financial intermediaries? 77 Summary 81 Key terms 81 A reminder of your learning outcomes 82 Sample examination questions 82 Chapter 5: Regulation of banks 83 Aims 83 Learning objectives 83 Essential reading 83 Further reading 83 References 83 Introduction 84 Free banking 84 Why do banks need regulations? 85 Arguments against regulation 87 Traditional regulation mechanisms 88 Alternatives to traditional regulation: disclosure-based regulation of banking 96 International banking regulation 98 Summary 98 Key terms 99 A reminder of your learning outcomes 99 Sample examination questions
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Unformatted text preview: 99 Chapter 6: Risk management in banking 101 Aims 101 Learning objectives 101 Essential reading 101 Further reading 101 References 101 Introduction 102 Taxonomy of risk 102 Policies to reduce risk 105 Credit risk management 105 Interest rate risk management 110 Summary 116 Key terms 116 A reminder of your learning outcomes 117 Sample examination questions 117 Part III: Principles of finance 119 Overview 119 Chapter 7: Capital budgeting and valuation 121 Aims 121 Learning objectives 121 Essential reading 121 Further reading 121 Introduction 121 The concept of present value 122 Net present value (NPV) and the valuation of real assets 123 Other real asset appraisal techniques 125 Valuation of financial assets (securities) 131...
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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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