ch1_introduction

ch1_introduction - Chapter1 IntroductiontoFinancial...

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Financial Markets and Institutions Chapter 1 Introduction to Financial  Markets and Institutions
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Financial Markets and Institutions Overview of Financial Markets Financial market  transfer funds from those who have excess funds to those who need funds Surplus units vs. deficit units Participants who receive more money then they spend are  referred to as surplus units Participants who spend more money than they receive are  referred to as deficit units Fed
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Types of Financial Markets Money versus capital markets Money markets flow of short term funds Capital Markets flow of long term funds Primary versus secondary markets Primary markets facilitate the issuance of new securities Secondary markets facilitate the trading of existing  securities, which allows for a change in the ownership of the  securities . Organized versus over-the-counter 
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ch1_introduction - Chapter1 IntroductiontoFinancial...

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