Lesson 1 Financial intermediation_Money and Banking

Lesson 1 Financial intermediation_Money and Banking - The...

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Unformatted text preview: The role of a financial system Course: Money & Banking Instructor: Juraj Draxler • What is this course about? – The structure, the role and the regulation of modern banking and of the financial market – National variations – Monetary policy – Global finance – Specific aspects of EU financial market. The eurozone • Resources: – The textbook – Online resource centre: www.pearsoned.co.uk/howells – Mass media: • Financial Times – Policy reports, studies from think-tanks and governments (will be introduced later in the course) • The role of a financial system • Key actors: lenders and borrowers • Possibilities: – Direct lending – Organized markets • Bonds, commercial paper, shares, derivatives, etc. – Financial intermediaries • Markets and intermediaries provide: – Intermediation between those having a surplus and those having a deficit – Services (insurance, pensions) – Payment mechanisms – Portfolio adjustment facilities • Lending (Y-C) – I = NAFA...
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Lesson 1 Financial intermediation_Money and Banking - The...

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