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CHAPTER 1 AN OVERVIEW OF THE CHANGING FINANCIAL-SERVICES SECTOR Goal of This Chapter: In this chapter you will learn about the many roles financial service - providers play in the economy today. You will examine how and why the banking industry and the financial services marketplace as a whole is rapidly changing, becoming new and different as we move forward into the future. You will also learn about new and old services offered to the public. Key Topics in This Chapter • Powerful Forces
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Introduction In the course of this work to be the best possible detail to explore the theme " Problems of the Russian financial markets ." Financial relations are a crucial element binding system of economic relations into a coherent whole , especially in the formation and development of market relations. The financial market is to establish direct contacts between buyers and sellers of financial of resource. He is one of the most important elements of any economy , because
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efficient financial system in that country. A well-developed financial system plays an important role in accelerating economic growth by mobilizing savings and facilitating investment in an efficient manner (Mu, 2007). Financial market is composed of different markets- Money Market, Capital Market, Derivative Market etc. All the markets play an interactive role for the development of economy by formation of capital through mobilizing funds, industrialization of economy through supplying adequate funds, providing
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1. What is the intended role of each of the institutions and intermediaries discussed in the case for the effective functioning of capital markets? The institutions and their roles are as below: * Venture capitalists: VC’s provide capital to high potential, high risk companies in their early stages of development. In return they seek to provide very high rate of return to their investors for the associated risk. VC’s screen for good business ideas and management teams from the bad ones. They
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Issues paper ISLAMIC FINANCIAL SERVICES BOARD and INTERNATIONAL ASSOCIATION OF INSURANCE SUPERVISORS ISSUES IN REGULATION AND SUPERVISION OF TAKAFUL (ISLAMIC INSURANCE) August 2006 THE JOINT WORKING GROUP: Islamic Financial Services Board International Association of Insurance Supervisors Members • Professor Rifaat Abdel Karim Ahmed • Islamic Financial Services Board • Dr Simon Archer • Islamic Financial Services Board • Abdullah Haron • Islamic Financial Services Board • Arup
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Function of a bank 1. Finance intermediary * Activate the leisure capital: in real world, companies cannot always find the investment they need in direct way and investor also find it hard to make decision about where to put their money and how much money is appropriate. In this case, the bank plays role as an intermediary, which mean “middle person”, to connect the investors and the companies. People deposit their money into a bank, that bank lends the money to companies, the companies later
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1. Question 1: “The role of the financial system in a market economy is to effectively and efficiently move funds from surplus budget units to deficit budget units.” However, in the absence of well-functioning financial intermediaries this transfer of funds may be severely retarded.” Discuss. Within a financial system, surplus and deficit units trade, which facilitates the movement of funds from deficit units to have access to those with the budgeted units. Hence, there is always the incentive
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- 8. What is the primary market * It is for trading new securities * Raising capital to support in new investment in buildings, equipment and inventories 9. What is the most important financial asset in the economy -income? money 10. What is the secondary market * Deals in securities previously issued * Function is to provide liquidity to security investors 11. What are secondary securities? * Issued by financial intermediaries include such familiar instruments
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comparable only to the Great Depression. Nevertheless, the financial crisis that started in the summer of 2007 came as a great surprise to most people. What initially was seen as difficulties in the US subprime mortgage market, rapidly escalated and spilled over to financial markets all over the world. The crisis has changed the financial landscape worldwide and its costs are yet to be evaluated. The purpose of this paper is to concisely survey the literature on financial crises. Despite its severity
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