tailieunhanh - Lecture The economics of Money, Banking and Financial markets: Chapter 8 - Frederic S. Mishkin, Apostolos Serletis

Lecture The economics of Money, Banking and Financial markets: Chapter 8 - An economic analysis of financial structure. This chapter answers that question by providing an economic analysis of how our financial structure is designed to promote economic efficiency. The analysis focuses on a few simple but powerful economic concepts that enable us to explain features of our financial system such as why financial contracts are written as they are and why financial intermediaries are more important than securities markets for getting funds to borrowers |

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