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Lecture Money, banking, and financial markets (3/e): Chapter 1 - Stephen G. Cecchetti, Kermit L. Schoenholtz

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Lecture Money, banking, and financial markets (3/e): Chapter 1 - Stephen G. Cecchetti, Kermit L. Schoenholtz

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Chapter 1 - An introduction to money and the financial system. The following will be discussed in this chapter: Every financial transaction has a story; there is a complex web of interdependent institutions and markets making up the foundation of daily financial transactions; the six parts of the financial system; the five core principles of money and banking.

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