Đây là bài giảng của thầy Dr Karel Jansen
COURSEMONEY AND BANKING2006Lecturer: Dr Karel Jansen Part I The Banking System:•Financial Markets•Financial Intermediation and Development•Banking as Risk Management•Financial Fragility and Financial Crisis•Part II Money in the economy: monetary theory and monetary policy•Money Supply and Money Demand•Monetary Theory: Money and the Real Sector•Monetary PolicyPart III Financial development and banking in Vietnam•The Banking System during Transition in Viet Nam Financial markets•Introduction•Money•Overview of financial markets Some definitions•MoneyMoney = token of value which is generally acceptable in the purchase and sale of goods, services and assets and the settlement of debts•Financial marketsFinancial markets = markets in which banks and other financial institutions provide a variety of financial services and products which facilitate the production, distribution and consumption of goods and services as well as the distribution of income and, crucially, entitlements to income Some definitions (contd)•Financial market innovationFinancial market innovation = the development of new services and products and new technologies and processes for the delivery of these new services and products•Financial market regulationFinancial market regulation = the statutory constraints on the activities of financial market institutions•Monetary policyMonetary policy = policies designed to influence macroeconomic aggregates by influencing the quantity or price of money in the economy Objectives•Introduction to certain technical detailstechnical details pertaining to money, financial markets, institutions, instruments, developments and policies•Appreciation of different theoretical perspectives pertaining to the nature and behaviournature and behaviour of financial markets and determinationdetermination of prices in these markets•Understanding the conduct and effectiveness of monetary monetary policypolicy in the context of macroeconomic management and policy issues pertaining to the development and regulationregulation of financial markets Money: what is it?Money = value par excellanceExchangeableExchangeable with all;•Goods and services•AssetsAcceptableAcceptable in settlement of any debt Money: functions•means of payment, •settlement of debt, •store of value, •standard of price and unit of account Money: characteristics•General acceptability•Transportability•Divisibility•Stability in value•Liquidity Money: historical development•Important consumables, including live animals•Various luxury items – pelts, hides, cloth, trinkets, etc•Metals•Paper•Electronic money 123doc.vn