M16_MISH1520_06_PPW_C15.ppt

Part Five Fundamentals of Financial Institutions

Chapter 15 Why Do Financial Institutions Exist?

Chapter Preview ,[object Object]

Chapter Preview ,[object Object],[object Object],[object Object],[object Object]

Chapter Preview (cont.) ,[object Object],[object Object],[object Object],[object Object]

Basic Facts About Financial Structure Throughout the World ,[object Object]

Sources of Foreign External Finance

Facts of Financial Structure ,[object Object],[object Object]

Transactions Costs ,[object Object],[object Object],[object Object],[object Object],[object Object]

Transactions Costs ,[object Object],[object Object],[object Object],[object Object]

Asymmetric Information: Adverse Selection and Moral Hazard ,[object Object],[object Object]

Asymmetric Information: Adverse Selection and Moral Hazard ,[object Object],[object Object],[object Object]

Asymmetric Information: Adverse Selection and Moral Hazard ,[object Object],[object Object],[object Object],[object Object]

The Lemons Problem: How Adverse Selection Influences Financial Structure ,[object Object],[object Object],[object Object],[object Object]

The Lemons Problem: How Adverse Selection Influences Financial Structure ,[object Object],[object Object],[object Object]

Tools to Help Solve Adverse Selection (Lemons) Problems ,[object Object],[object Object],[object Object],[object Object]

Tools to Help Solve Adverse Selection (Lemons) Problems ,[object Object],[object Object]

The Enron Implosion ,[object Object],[object Object],[object Object]

The Enron Implosion ,[object Object]

How Moral Hazard Affects the Choice Between Debt and Equity Contracts ,[object Object],[object Object],[object Object]

How Moral Hazard Affects the Choice Between Debt and Equity Contracts ,[object Object]

How Moral Hazard Affects the Choice Between Debt and Equity Contracts ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

How Moral Hazard Influences Financial Structure in Debt Markets ,[object Object]

How Moral Hazard Influences Financial Structure in Debt Markets ,[object Object],[object Object]

How Moral Hazard Influences Financial Structure in Debt Markets ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

How Moral Hazard Influences Financial Structure in Debt Markets ,[object Object],[object Object],[object Object]

Asymmetric Information Problems and Tools to Solve Them

Case: Financial Development and Economic Growth ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Financial Crises and Aggregate Economic Activity ,[object Object]

Is China a Counter-example? ,[object Object],[object Object],[object Object]

Is China a Counter-example? ,[object Object],[object Object]

Financial Crises and Aggregate Economic Activity ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Financial Crises and Aggregate Economic Activity ,[object Object],[object Object],[object Object],[object Object]

Case: U.S. Financial Crisis ,[object Object],[object Object]

Case: Financial Crises in Emerging Market Countries: Mexico, East Asia, and Argentina ,[object Object],[object Object]

Case: Financial Crises in Emerging Market Countries: Mexico, East Asia, and Argentina ,[object Object]

Case: The Great Depression ,[object Object],[object Object]

Case: The Great Depression ,[object Object]

Chapter Summary ,[object Object],[object Object]

Chapter Summary (cont.) ,[object Object],[object Object]

Chapter Summary (cont.) ,[object Object]

M16_MISH1520_06_PPW_C15.ppt

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