MishkinEakins 금융기관론 - 챕터8~ 요약정리
- 최초 등록일
- 2016.12.08
- 최종 저작일
- 2015.11
- 18페이지/ 한컴오피스
- 가격 2,000원
* 본 문서는 한글 2005 이상 버전에서 작성된 문서입니다.
한글 2002 이하 프로그램에서는 열어볼 수 없으니, 한글 뷰어프로그램(한글 2005 이상)을 설치하신 후 확인해주시기 바랍니다.
목차
Ⅰ. 금융기관론
1. Chapter 8 – Why Do Financial Crises Occur. Why Are They So Damaging to the Economy?
2. Chapter 9 – Central Banks and the Federal Reserve System.
3. Chapter 10 – Conduct of Monetary Policy: Tools, Goals, Strategy, and Tactics
4. Chapter 17 – Banking and the Management of Financial Institutions
5. Chapter 18 – Financial Regulation
Ⅱ. 금융기관론 KEY-TERM
1. Chapter 8
2. Chapter 9
3. Chapter 10
4. Chapter 17
5. Chapter 18
본문내용
1) Credit boom and bust
- The seeds of a financial crisis can begin with mismanagement of financial liberalization or innovation.
* elimination of restriction
* introduction of new types of loans or other financial products
- Either can lead to a credit boom, where risk management is lacking.
- Government safety nets weaken incentives for risk management. Depositors ignore bank risk-taking. Eventually, loan losses accrue, and asset value fall, leading to a reduction in capital. FIs cut back in lending, a process called deleveraging. Banking funding falls as well. As FIs cut back on lending, no one is left to evaluate firms. The financial system losses its primary institution to address adverse selection and moral hazard. Economic spending contracts as loans become scarce.
2) Asset-price boom and bust
- A financial crises can also begin with an asset-price boom and bust.
- A pricing bubble starts, where asset values exceed their fundamental values. When the bubble bursts and prices fall, corporate net worth falls as well.
참고 자료
없음