Money and Banking

Term Paper # 101650

Economics > Macro

Money and Banking

An analysis of financial markets, financial intermediaries and cashless systems.

1,263 words () | 5 sources | APA | 2008 United States

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.

Table of Contents:
Abstract
Financial Markets
Financial Intermediaries
Money, Payment, Cashless Shift

From the Paper:

"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."

Sample of Sources Used:

Beynon, Robert, ed. (2001). The Routledge Companion to Global Economics. London: Routledge.
Culp, C. (2001). The Risk Management Process: Business Strategy and Tactics. New York: Wiley.
Karp, Rashelle S., and Bernard S. Schlessinger, eds. (2002). The Basic Business Library: Core Resources. Westport, CT: Greenwood Press.
Kempa, B. (1998). Money in an Electronic World. University of Essen; Germany.
Orr, B. (2004). E-Checks Pace ACH Growth: Good News Internet Payments Triple. Bad News: 87% Are Going through PayPal. ABA Banking Journal, 96/6, p.72.