Financial System An Introduction

Prof. Dr AP Faure
Financial System: An
Introduction
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2

AP Faure
Financial System: An Introduction
Download free eBooks at bookboon.com
3

Financial System: An Introduction
1
st
edition
© 2013 Quoin Institute (Pty) Limited &
bookboon.com
ISBN 978-87-403-0592-0
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Financial System: An Introduction
4
Contents
Contents
1 Lenders & borrowers 8
1.1 Learning objectives 8
1.2 Introduction 8
1.3 Dening the nancial system 8
1.4 Non-nancial lenders and borrowers 12
1.5 Summary 15

1.6 Bibliography 16
2 Financial intermediaries 17
2.1 Learning objectives 17
2.2 Introduction 18
2.3 Financial intermediation 18
2.4 Economic functions of nancial intermediaries 20
2.5 Financial intermediaries: classication and relationship 26
2.6 Financial intermediaries: intermediation functions 30
2.7 Summary 36
2.8 Bibliography 36
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Financial System: An Introduction
5
Contents

3 Financial instruments 37
3.1 Learning objectives 37
3.2 Introduction 38
3.3 Financial instrument types 39
3.4 Share instruments 41
3.5 Debt instruments 45
3.6 Deposit instruments 49
3.7 Instruments of investment vehicles 52
3.8 Derivative instruments 54
3.9 Summary 55
3.10 Bibliography 55
4 Financial markets 57
4.1 Learning objectives 57
4.2 Introduction 57
4.3 Money market 60
4.4 Bond market 63
4.5 Share market 66
4.6 Foreign exchange market 70
4.7 Derivative markets 73
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