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InternationalFinancial
InstitutionsandMarkets
Slides1
IntroductiontoFinanceandthe
FinancialSystem
CoreReadings-Reading1(onMyUni)
+ChapterOne(IFIMCustomText)
orasternative(HuntandTerry,Cha1)
Let’sgetstarted
◼Acourseaimedatexininghowmodernfinancial
systemswork.
◼AssessmentsdiscussedontheAnnouncementspage,
andinyourfirsttutorials
◼Noperfecttext,buttheIFIMCustomEdition(Valentine
andothers)ismended,andotherreadingsareprovided
◼Officecontacttimesstartfromweek2(fortutors)andnow
(Steven)
◼Let’sgetonwithit!!!
◼
IFIM
◼Whenimplementingfinancialdecisions,wemake
useoftheFinancialSystem
◼thesetofinstitutionsandmarketsusedtofacilitate
theflowoffunds,andtheexchangeoffinancial
assetsandrisks
◼manysimilaritiesbetweenmodernsystems
Examplesofthesysteminaction
You
MaybuyBHPsharesontheAustralianSecuritiechange(ASX)-
amarket/tradingtformforequities(transferringassets)
YourBusiness
AfirmmayinsureitspremisesusinganInsurance
(transferringrisk)
Centra/ernment
TheRBA(ReserveBankofAustralia)tradesonthemoneymarket
tomanagethe‘cashrate’andinfluenceinterestrates
throughouttheeconomy(mary)
Whatisthesystemfor?
◼Flowoffunds–saversandborrowers
◼Moneytransmission-daytodayactivity
◼Managementofrisks-insurance,derivatives
◼Thecreationofmoney,anditsmovement
acrosstimeandspace(atimemachine)
◼reasing,reducing,shiftingandspreadingrisk
(ariskmachine)
Institutionsandmarkets
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