FINS1612 Study Guide - Final Guide: European Debt Crisis, Hybrid Security, Maturity Transformation
Document Summary
F the gfc was a contained crisis" and only affected a small number of financial institutions in the united states. T the eurozone crisis emerged first in countries such as spain, greece and ireland but quickly spread northwards due to the interconnectedness of europe"s financial institutions. T in australia, the effects on the real economy of the gfc were offset by a large government- funded stimulus program. F providing advice on mergers and acquisitions represents a significant part of the business operations of depository financial institutions. F in australia, the assets of financial institutions have gradually declined over time. T monetary policy is the actions of a central bank that influence the level of interest rates in order to achieve certain economic objectives. F a principal role of investment banks is to gather deposit savings from customers and provide loans to their retail clients. F finance companies are examples of contractual savings institutions.
