Lecture Money, banking, and financial markets: Chapter 5 - Stephen G. Cecchetti, Kermit L. Schoenholtz
Lecture Money, banking, and financial markets: Chapter 5 - Stephen G. Cecchetti, Kermit L. Schoenholtz
Chapter 5 - Understanding risk. In this chapter we will: Learn to measure risk and assess whether it will increase or decrease, understand why changes in risk lead to changes in the demand for a particular financial instrument, understand why change in risk lead to corresponding changes in the price of those instruments.