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Chapter 04 The Financial System And Interest

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Alamgir Alwani
Alamgir Alwani

FINANCIAL MANAGEMENT PART 4

1 von 54
The Financial System and Interest Chapter 4
The Financial System ,[object Object],[object Object],[object Object],[object Object]
Figure 4.1: Every Day Money Flows Between Sectors
Savings and Investment ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Savings and Investment ,[object Object],[object Object],[object Object],[object Object],[object Object]
Figure 4.2: Flows Between Sectors
Raising and Spending Money in Business ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Term ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Financial Markets ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Primary and Secondary Markets ,[object Object],[object Object],[object Object],[object Object],[object Object]
Primary and Secondary Markets ,[object Object],[object Object],[object Object]
Direct and Indirect Transfers, Financial Intermediaries ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Figure 4.3: Transfer of Funds From Investors to Businesses
Direct and Indirect Transfers, Financial Intermediaries ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
The Stock Market and Stock Exchanges ,[object Object],[object Object],[object Object],[object Object],[object Object]
Trading—The Role of Brokers ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Figure 4.4: Schematic Representation of a Stock Market Transaction
Exchanges ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Exchanges ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Private, Public, and Listed Companies, and the NASDAQ Market ,[object Object],[object Object],[object Object],[object Object]
Private, Public, and Listed Companies, and the NASDAQ Market ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Private, Public, and Listed Companies, and the OTC Market ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
The NASDAQ Market ,[object Object],[object Object],[object Object],[object Object]
Reading Stock Quotations ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Figure 4.7: Stock Market Quotation for General Motors Corporation, March 11, 2003
Interest ,[object Object],[object Object],[object Object]
The Relationship Between Interest and the Stock Market ,[object Object],[object Object],[object Object],[object Object],[object Object]
The Relationship Between Interest and the Stock Market ,[object Object],[object Object],[object Object],[object Object]
Interest and the Economy ,[object Object],[object Object],[object Object],[object Object],[object Object]
Debt Markets ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Figure 4.8: S&D Curves for a Product or Service
Supply and Demand for Money ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
The Determinants of Supply and Demand ,[object Object],[object Object],[object Object],[object Object],[object Object]
The Determinants of Supply and Demand ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
The Components of an Interest Rate ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
The Components of an Interest Rate ,[object Object],[object Object],[object Object],[object Object],[object Object]
Risk Premiums ,[object Object],[object Object],[object Object]
Different Kinds of Lending Risk ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Different Kinds of Lending Risk ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Different Kinds of Lending Risk ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Different Kinds of Lending Risk ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Comparison of Similar Risk Bonds With Different Maturities
Putting the Pieces Together ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Federal Government Securities, Risk Free and Real Rates ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
The Risk-Free Rate ,[object Object],[object Object],[object Object],[object Object],[object Object]
The Real Rate of Interest ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Yield Curves—The Term Structure of Interest Rates ,[object Object],[object Object],[object Object],[object Object],[object Object]
Figure 4.10: Yield Curves
Yield Curves—The Term Structure of Interest Rates ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
APPENDIX 4-A : Can There Be Interest Without Money? The Desert Island ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object],APPENDIX 4-A : Can There Be Interest Without Money? The Desert Island
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],APPENDIX 4-A : Can There Be Interest Without Money? The Desert Island
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],APPENDIX 4-A : Can There Be Interest Without Money? The Desert Island
[object Object],[object Object],[object Object],[object Object],[object Object],APPENDIX 4-A : Can There Be Interest Without Money? The Desert Island

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Chapter 04 The Financial System And Interest

  • 1. The Financial System and Interest Chapter 4
  • 2.
  • 3. Figure 4.1: Every Day Money Flows Between Sectors
  • 4.
  • 5.
  • 6. Figure 4.2: Flows Between Sectors
  • 7.
  • 8.
  • 9.
  • 10.
  • 11.
  • 12.
  • 13. Figure 4.3: Transfer of Funds From Investors to Businesses
  • 14.
  • 15.
  • 16.
  • 17. Figure 4.4: Schematic Representation of a Stock Market Transaction
  • 18.
  • 19.
  • 20.
  • 21.
  • 22.
  • 23.
  • 24.
  • 25. Figure 4.7: Stock Market Quotation for General Motors Corporation, March 11, 2003
  • 26.
  • 27.
  • 28.
  • 29.
  • 30.
  • 31. Figure 4.8: S&D Curves for a Product or Service
  • 32.
  • 33.
  • 34.
  • 35.
  • 36.
  • 37.
  • 38.
  • 39.
  • 40.
  • 41.
  • 42. Comparison of Similar Risk Bonds With Different Maturities
  • 43.
  • 44.
  • 45.
  • 46.
  • 47.
  • 48. Figure 4.10: Yield Curves
  • 49.
  • 50.
  • 51.
  • 52.
  • 53.
  • 54.