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第17讲 - 投资银行和二级市场

Lecture 17 - Investment Banking and Secondary Markets
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:
首先, 希勒教授讨论了当今不断变化的金融体系和美国财政部长鲍尔森 ([url]enry paulson) 最近推出的市场稳定改革。鉴于最近的次贷危机, 金融体系本质上是不稳定的, 将受益于更多的监督, 特别是在消费者保护问题上。尽管这一特殊改革可能不会成功, 但更多的监管机构和决策者正在谈论改变稳定体系, 并可能在未来改变美联储的作用。其次, 希勒教授介绍了投资银行的机制和作用。投资银行承销证券, 安排公司发行股票和债券。公司与投资银行合作, 以满足证券交易委员会关于发行证券的要求。随后, 银行承担了 "收购交易" 或 "尽最大努力", 并帮助公司找到证券市场。投资银行取决于其银行家的声誉, 正如我们最近所看到的, 投资银行可能会被有关银行破产的传言所摧毁。* * 阅读任务: * * fabozzi 等人. 金融市场和机构基金会, 第13章和第14章 * *[[[url]ttp://oyc.yale.edu/sites/default/files/Lecture17_0.pdf|PowerPoint 屏幕上的幻灯片-讲座 17[PDF]]
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
入库时间: 2016-03-13
最后编审: 2020-06-12:yumf
阅读次数: 89