EC233 Lecture Notes - Lecture 1: Money Supply, Federal Reserve System, The The
Document Summary
Frederic s. mishkin, the economics of money, banking, and financial. Office hours monday 4-5pm, room 336 merewether. Week 1 why study money, banking and financial. Financial markets are markets in which funds are transferred from people and firms who have an excess of available funds to people and firms who have a need of funds. Athat promises to make payments periodically for a specified period of time principal returned to a lender at maturity. Bond market and interest rates interest rate is the cost of borrowing. Stock market in a and assets of the security is a claim on the issuer"s future income bond is a debt security. Financial institutions and banking represents a share of ownership. Share of stock is a claim on the residual earnings from people (households and firms) who have saved and that in turn make. Other financial institutions: insurance companies, pension funds, superannuation funds, mutual funds, investment companies products and.
