Tài liệu Thị trường tài chính và các định chế tài chính Chapter 19 pptx

... bonds  Issuers of bonds must register with the SEC and a registration statement must be filed 1 Chapter 24 Securities Operations Financial Markets and Institutions, 7e, Jeff Madura Copyright ©2006 ... order a sale of securities when the price reaches a specified minimum, it is a stop-loss order 19 Brokerage Services (cont’d)  Short selling involves the sale of securities investors...

Ngày tải lên: 12/12/2013, 23:15

... subsidiary that competes with other securities firms Interaction with Other Financial Institutions 1 Chapter 23 Mutual Fund Operations Financial Markets and Institutions, 7e, Jeff Madura Copyright ... prices of the load fund  Front-end load versus back-end load Background on Mutual Funds (cont’d) 19  Sales load (cont’d)  No-load funds are promoted strictly by the mutual fund of...

Ngày tải lên: 12/12/2013, 23:15

... parent company contains specific stipulations  The numbers of CFSs grew rapidly between 194 6 and 196 0 as a result of liberalized credit policies and a need to finance growing inventories ... 1 Chapter 22 Consumer Finance Operations Financial Markets and Institutions, 7e, Jeff Madura Copyright ... companies  Insurance subsidiaries of finance companies compete directly with other...

Ngày tải lên: 12/12/2013, 23:15

... one-half of the number in 199 4  The total assets of stock SIs has increased by more than 60 percent since 199 4  The total assets of mutual SIs has remained steady since 199 4 8 Background on ... and MMDAs  Since 198 1, SIs are allowed to offer NOW accounts as a result of DIDMCA  Since 198 2, SIs are allowed to offer MMDAs as a result of the Garn-St Germain Act  Since 197 8,...

Ngày tải lên: 12/12/2013, 23:15

... countries with a high country risk rating  The international debt crisis in the 198 0s and the Asian Crisis of 199 7 dampened the desire by banks to diversify loans internationally 34 Managing ... customers and shareholders may not satisfy employees  e.g., many banks downsized in the early 199 0s 48 Bank Restructuring to Manage Risks (cont’d)  Bank acquisitions  Banks can restruc...

Ngày tải lên: 12/12/2013, 23:15

... the Bank Holding Company Act of 195 6 7 Deregulation Act of 198 0  The Depository Institutions Deregulation and Monetary Control Act (DIDMCA) was enacted in 198 0  DIDMCA has two categories ... bank’s risk 1 Chapter 18 Bank Regulation Financial Markets and Institutions, 7e, Jeff Madura Copyright ©2006 by South-Western, a division of Thomson Learning. All rights reserved. 19 Re...

Ngày tải lên: 12/12/2013, 23:15

... implied standard deviations 19 Speculation in Foreign Exchange Markets  Commercial banks take positions in currencies to capitalize on expected exchange rate movements 2 Chapter Outline  Background ... form of indirect intervention  e.g., Venezuela imposed foreign exchange controls in the mid -199 0s  Under severe pressure, governments tend to let the currency float temporaril...

Ngày tải lên: 12/12/2013, 23:15