欢迎来到天天文库
浏览记录
ID:52440756
大小:378.05 KB
页数:42页
时间:2020-03-27
《货币银行学PPT 米什金 [兼容模式].pdf》由会员上传分享,免费在线阅读,更多相关内容在行业资料-天天文库。
1、Chapter13BankingIndustry:StructureandCompetitionHistoricalDevelopmentoftheBankingSystem•BankofNorthAmericacharteredin1782•Controversyoverthecharteringofbanks.•NationalBankActof1863createsanewbankinggysystemoffederallyycharteredbanks–OfficeoftheComptrolleroftheCurrency–Dualbankingsystem•Federa
2、lReserveSystemiscreatedin1913.12-2©2013PearsonEducation,Inc.Allrightsreserved.Figure1TimeLineoftheEarlyHistoryofCommercialBankingintheUnitedStates12-3©2013PearsonEducation,Inc.Allrightsreserved.PrimarySupervisoryResponsibilityofBankRegulatoryAgencies•FederalReserveandstatebankingauthorities:s
3、tatebanksthataremembersoftheFederalReserveSystem.•Fedalsoregulatesbankholdingcompanies.•FDIC:insuredstatebanksthatarenotFedmembers.•Statebankingauthorities:statebankswithoutFDICinsurance.12-4©2013PearsonEducation,Inc.Allrightsreserved.FinancialInnovationandtheGrowthoftheoftheShadowBankingSyst
4、em“ShadowBankingSystem”•Financialinnovationisdrivenbythedesiretoearnprofits•Achangeinthefinancialenvironmentwillstimulateasearchbyfinancialinstitutionsforinnovationsthatarelikelytobeprofitable–Financialengineering12-5©2013PearsonEducation,Inc.Allrightsreserved.ResponsestoChangesinDemandCondit
5、ions:InterestRateVolatility•Adjustable-ratemortgages–Flexibleinterestrateskeepprofitshighwhenratesrise–Lowerinitialinterestratesmakethemattractivetohomebuyers•FinancialDerivatives–Abilitytohedgeinterestraterisk–Payoffsarelinkedtopreviouslyissued(i.e.derivedfrom)securities.12-6©2013PearsonEduc
6、ation,Inc.Allrightsreserved.ResponsestoChangesinSupplyConditions:InformationTechnology•Bankcreditanddebitcards–Improvedcomputertechnologylowerstransactioncosts•Electronicbanking–ATMhomebankingABMandvirtualbankingATM,homebanking,ABMandvirtualbanking•Junkbonds•Commercialpapermarket12-7©2013Pear
7、sonEducation,Inc.Allrightsreserved.ResponsestoChangesinSupplyConditions:InformationTechnology(cont’d)•Securitization–Totransformotherwiseilliquidfinancialassetsitktblitlktitiintomarketablecapitalmarketsecurities.–Securitizationplayedanespecia
此文档下载收益归作者所有