An analysis of financial markets, financial intermediaries and cashless systems.
Written in 2008; 1,263 words; 5 sources; APA; $ 42.95
Paper Summary:
This paper discusses various financial and economic topics. It first discusses financial markets and their typologies, vis-a-vis investment categories. It then focuses on financial intermediaries and their role within the overall economy as facilitators of market access. Finally, the paper looks at the monetary system as it relates to payment and the current shift to a cashless system and society.
"From a macroeconomic perspective financial intermediaries are not viewed as especially important but they do serve an important function related to financial markets because they facilitate market access. Additionally, financial intermediaries provide an extremely useful and relevant source of market research for economists because they have highly accurate predictive models based on the historical data of their customers' investment patterns as well as investment preferences (Karp, Bernard & Schlessinger, 2002). By utilizing such market data, economists and other economic analysts are able to better gauge the direction and health of the overall economy and government policies directed at it."
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