Lecture Money and capital markets: Chapter 4 – Peter S. Rose, Milton H.Marquis - TRƯỜNG CÁN BỘ QUẢN LÝ GIÁO DỤC THÀNH PHỐ HỒ CHÍ MINH
Bạn đang xem bản rút gọn của tài liệu. Xem và tải ngay bản đầy đủ của tài liệu tại đây (607.42 KB, 10 trang )
<span class='text_page_counter'>(1)</span><div class='page_container' data-page=1></div>
<span class='text_page_counter'>(2)</span><div class='page_container' data-page=2>
Chapter 4
The Future of the Financial
System and the Money and
</div>
<span class='text_page_counter'>(3)</span><div class='page_container' data-page=3>
4 3
<i>McGrawHill/Irwin</i>
<i>Money and Capital Markets, 9/e</i> <i>â2006TheMcGrawưHillCompanies,Inc.,AllRightsReserved.</i>
LearningObjectives
ã <sub>Toexploretheeconomic,demographic,social,and</sub>
technologicalforcesreshapingthefinancialsystemtoday.
ã Tolearnaboutrecenttrendsinthefinancialsystemandhow
theymayaffectusinthefuture.
ã Tounderstandhowtheproblemsthefinancialsystemfaces
</div>
<span class='text_page_counter'>(4)</span><div class='page_container' data-page=4>
ã <sub>Powerfulforcesarereshapingfinancialinstitutionsand</sub>
financialservicestoday.
ã Theseforcesforchangeincludepowerfulnewtrendswithin
thefinancialsectoritself,majorchangesinthestructureand
functioningoftheeconomy,andnewsocialanddemographic
trendsthatarealteringthepublicsneedfornewfinancial
</div>
<span class='text_page_counter'>(5)</span><div class='page_container' data-page=5>
4ư5
<i>McGrawưHill/Irwin</i>
<i>MoneyandCapitalMarkets,9/e</i> <i>â2006TheMcGrawưHillCompanies,Inc.,AllRightsReserved.</i>
FinancialForces
ReshapingtheMoneyandCapitalMarketsToday
ã <i><sub>Financialinnovation</sub></i><sub>ưthedevelopmentofmanynewfinancial</sub>
servicesandinstruments
ã <i>Serviceproliferation</i>ưtheexpansionofthemenuoffinancial
servicesoffered
ã <i>Competition</i>ưtheintensestruggleforthecustomersbusiness
</div>
<span class='text_page_counter'>(6)</span><div class='page_container' data-page=6>
ReshapingtheMoneyandCapitalMarketsToday
ã <i><sub>Deregulation</sub></i><sub>ưthelighteningoreliminationofgovernment</sub>
rulesbroughtaboutbyastrategyof<i>privatization</i>ofthe
financialsector<i></i>
ã <i><sub>Convergence</sub></i><sub>ưtheblurringofthetraditionaldistinctions</sub>
amongdifferenttypesoffinancialưserviceinstitutions
ã <i><sub>Homogenization</sub></i><sub>ưthegrowingsimilarityintheservicemenus</sub>
</div>
<span class='text_page_counter'>(7)</span><div class='page_container' data-page=7>
4ư7
<i>McGrawưHill/Irwin</i>
<i>MoneyandCapitalMarkets,9/e</i> <i>â2006TheMcGrawưHillCompanies,Inc.,AllRightsReserved.</i>
FinancialForces
ReshapingtheMoneyandCapitalMarketsToday
ã <i><sub>Globalization</sub></i><sub>ưtheglobalexpansionofoperationsandthe</sub>
fallingofgeographicalbarriers
ã <i>Marketbroadening</i>ưtheexpansionoftraditionallylocal
marketstobecomeregional,national,oreveninternationalin
scope<i></i>
ã <i><sub>Securitization</sub><sub>ư</sub></i><sub>thepoolingofloansandtheissuanceof</sub>
</div>
<span class='text_page_counter'>(8)</span><div class='page_container' data-page=8>
ReshapingtheFinancialSystem
ã <i><sub>Agingpopulation</sub></i><sub>ưthereisagreaterneedforretirement,tax</sub>
andestateplanning
ã <i>Changingbasicfamilyunit</i>ưtheriseintheproportionof
singleưparenthouseholds,parentsandchildrenlivingapart,
immigrants,andwellưeducatedworkingwomenwillincrease
thedemandfornewformsofhousing,daycarefacilities,
</div>
<span class='text_page_counter'>(9)</span><div class='page_container' data-page=9>
4ư9
<i>McGrawưHill/Irwin</i>
<i>MoneyandCapitalMarkets,9/e</i> <i>â2006TheMcGrawưHillCompanies,Inc.,AllRightsReserved.</i>
Social,Economic,&DemographicForces
ReshapingtheFinancialSystem
ã <i><sub>Displacementofmanufacturingindustriesbyservice</sub></i>
<i>industriesinmoredevelopedeconomies</i>
ã <i>Technologicalinnovation</i>ưthedisseminationandstorageof
informationtodayisbroader,cheaper,faster,andmore
accurate
ã <i><sub>Internationalization of markets</sub></i><sub> such as the emergence of the </sub>
</div>
<span class='text_page_counter'>(10)</span><div class='page_container' data-page=10></div>
<!--links-->
