Lecture Money, banking, and financial markets: Chapter 1 - Stephen G. Cecchetti, Kermit L. Schoenholtz
Lecture Money, banking, and financial markets: Chapter 1 - Stephen G. Cecchetti, Kermit L. Schoenholtz
Chapter 1 - An introduction to money and the financial system. The following will be discussed in this chapter: Every financial transaction has a story; there is a complex web of interdependent institutions and markets making up the foundation of daily financial transactions; the six parts of the financial system; the five core principles of money and banking.