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第17讲 - 投资银行和二级市场Lecture 17 - Investment Banking and Secondary Markets |
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| 课程网址: | http://videolectures.net/yaleecon252s08_shiller_lec17/ |
| 主讲教师: | Robert J. Shiller |
| 开课单位: | 耶鲁大学 |
| 开课时间: | 2009-10-07 |
| 课程语种: | 英语 |
| 中文简介: |  |
| 课程简介: | First, Professor S[url]iller discusses today's c[url]anging financial system and recent market stabilization reform introduced by U.S. Treasury Secretary Henry Paulson. T[url]e financial system is in[url]erently unstable and would benefit from more surveillance, particularly for consumer protection issues, given t[url]e recent subprime mortgage crisis. Alt[url]oug[url] t[url]is particular reform mig[url]t not be successful, more regulators and policymakers are talking about c[url]anging t[url]e stabilization system and will likely alter t[url]e role of t[url]e Fed in t[url]e future. Second, Professor S[url]iller introduces t[url]e mec[url]anics and role of investment banking. Investment banks underwrite securities and arrange for t[url]e issue of stocks and bonds by corporations. Corporations work wit[url] investment banks to navigate t[url]e Securities and Exc[url]ange Commission requirements for issuing securities. T[url]e banks t[url]en take on a "boug[url]t deal" or "best efforts deal" and [url]elp t[url]e corporation to find a market for t[url]e securities. Investment banking depends on t[url]e reputation of its bankers and, as we [url]ave seen recently, can be destroyed by rumors about t[url]e bank's insolvency. **Reading assignment:** Fabozzi et al. Foundations of Financial Markets and Institutions, c[url]apters 13 and 14 **Resources:** ;[[[url]ttp://oyc.yale.edu/sites/default/files/Lecture17_0.pdf|PowerPoint slides from screen - Lecture 17[PDF]]] |
| 关 键 词: | 社会科学; 社会; 二级市场 |
| 课程来源: | 视频讲座网 |
| 最后编审: | 2020-06-12：yumf |
| 阅读次数: | 135 |