IFT_Chapt1_sli - Introduction 1.1 Finance The Time Dimension 1.2 Desynchronization The Risk Dimension 1.3 The Screening and Monitoring Functions of

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Unformatted text preview: Introduction 1.1- Finance: The Time Dimension 1.2- Desynchronization: The Risk Dimension 1.3- The Screening and Monitoring Functions of the Financial System 1.4- The Financial System and Economic Growth 1.5- Financial Intermediation and the Business Cycle 1.6- Financial Markets and Social Welfare 1.7 Conclusions Intermediate Financial Theory Chapter I. On the Role of Financial Markets and Institutions June 26, 2006 Intermediate Financial Theory Introduction 1.1- Finance: The Time Dimension 1.2- Desynchronization: The Risk Dimension 1.3- The Screening and Monitoring Functions of the Financial System 1.4- The Financial System and Economic Growth 1.5- Financial Intermediation and the Business Cycle 1.6- Financial Markets and Social Welfare 1.7 Conclusions Main Message Worth stepping back and asking yourselves: Does finance make sense on social grounds? What functions does financial markets/instruments really fulfill? Intermediate Financial Theory Introduction 1.1- Finance: The Time Dimension 1.2- Desynchronization: The Risk Dimension 1.3- The Screening and Monitoring Functions of the Financial System 1.4- The Financial System and Economic Growth 1.5- Financial Intermediation and the Business Cycle 1.6- Financial Markets and Social Welfare 1.7 Conclusions Main Tool General equilibrium theory: section 1.6 + appendix Intermediate Financial Theory Introduction 1.1- Finance: The Time Dimension 1.2- Desynchronization: The Risk Dimension 1.3- The Screening and Monitoring Functions of the Financial System 1.4- The Financial System and Economic Growth 1.5- Financial Intermediation and the Business Cycle 1.6- Financial Markets and Social Welfare 1.7 Conclusions 1.1 Finance: The Time Dimension Borrow and save: to achieve consumption stream smoother than income stream Intermediate Financial Theory Introduction 1.1- Finance: The Time Dimension 1.2- Desynchronization: The Risk Dimension 1.3- The Screening and Monitoring Functions of the Financial System 1.4- The Financial System and Economic Growth 1.5- Financial Intermediation and the Business Cycle 1.6- Financial Markets and Social Welfare 1.7 Conclusions 1.2- Desynchronization: The Risk Dimension Diversify, insure, hedge: to achieve smooth consumption across states of nature Intermediate Financial Theory Introduction 1.1- Finance: The Time Dimension 1.2- Desynchronization: The Risk Dimension 1.3- The Screening and Monitoring Functions of the Financial System 1.4- The Financial System and Economic Growth 1.5- Financial Intermediation and the Business Cycle 1.6- Financial Markets and Social Welfare 1.7 Conclusions 1.3- The Screening and Monitoring Functions of the Financial System Finance: a lot more: incentive issues raised by asymmetric information Ch. 15 Corporate Finance: see chapter 2 Intermediate Financial Theory Introduction 1.1- Finance: The Time Dimension 1.2- Desynchronization: The Risk Dimension 1.3- The Screening and Monitoring Functions of the Financial System 1.4- The Financial System and Economic Growth1....
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This note was uploaded on 01/29/2012 for the course ECONOMICS 101 taught by Professor Tikk during the Spring '11 term at University of Toronto- Toronto.

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IFT_Chapt1_sli - Introduction 1.1 Finance The Time Dimension 1.2 Desynchronization The Risk Dimension 1.3 The Screening and Monitoring Functions of

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