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INTRODUCTION
CHAPTER 1
Why Study Financial Markets and Institutions?
Chapter Preview
The evening news features a segment about interest rates, the Fed Chairman Ben Bernanke, and liquidity in credit markets.
What does all this mean? Do I care about interest rates? What is the Fed? Will this impact my firms ability to get a bank loan?
2012 Pearson Prentice Hall. All rights reserved.
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Chapter Preview
These are good questions. Of course, the answer to these questions can be found in this book. In fact, this books touches on a variety of topics, including the Fed, stocks markets, bond markets, and banks. We will begin to appreciate many exciting issues related to these topics during the course of this term.
2012 Pearson Prentice Hall. All rights reserved.
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Chapter Preview
To start, we preview subjects of interest to anyone who is a part of a productive society. We motivate how financial markets and institutions have significant impact on important questions about our financial well-being. Topics include:
Why Study Financial Markets? Why Study Financial Institutions? Applied Managerial Perspective How Will We Study Financial Markets and Institutions
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Stock Market
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2. Financial Crises
The financial crises of 20072009 was the worst financial crisis since the Great Depression. Why did it happen?
2012 Pearson Prentice Hall. All rights reserved.
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6. Financial Innovation
Focusing on the improvements in technology and its impact on how financial products are delivered
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Chapter Summary
Why Study Financial Markets?: the three primary markets (bond, stock, and foreign exchange) were briefly introduced.
Why Study Financial Institutions?: the market, institutions, and key changes affecting these were outlined.
2012 Pearson Prentice Hall. All rights reserved.
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