文档介绍：该【金融机构管理 课后习题答案 】是由【老狐狸】上传分享，文档一共【772】页，该文档可以免费在线阅读，需要了解更多关于【金融机构管理 课后习题答案 】的内容，可以使用淘豆网的站内搜索功能，选择自己适合的文档，以下文字是截取该文章内的部分文字，如需要获得完整电子版，请下载此文档到您的设备，方便您编辑和打印。ChapterOneWhyAreFinancialIntermediariesSpecial?ChapterOutlineIntroductionFinancialIntermediaries’Specialness,InformationCosts,LiquidityandPriceRisk,OtherSpecialServicesOtherAspectsofSpecialness,aryPolicy,CreditAllocation,IntergenerationalWealthTransfersorTimeIntermediation,PaymentServices,DenominationIntermediationSpecialnessandRegulation,SafetyandSoundnessRegulation,aryPolicyRegulation,CreditAllocationRegulation,ConsumerProtectionRegulation,InvestorProtectionRegulation,EntryRegulationTheChangingDynamicsofSpecialness,TrendsintheUnitedStates,FutureTrends,GlobalIssuesSummary1SolutionsforEnd-of-ChapterQuestionsandProblems:,interestrateriskcausedbymaturitymismatchesbetweenassetsandliabilities,liabilitywithdrawalorliquidityrisk,underwritingrisk,(FIs).-,thepoolingofsmallsavingsintoloansofsufficientsizetofinancecorporateactivities,,lenderswouldhavetomonitortheactivitiesofborrowersovereachloan'(a)monitoringcosts,(b)liquiditycosts,and(c),expense,,householdswouldprefertoleavethisactivitytoothers,andbydefinition,-termnatureofcorporateequityanddebtwouldlikelyeliminateatleastaportionofthosehouseholdswillingtolendmoney,asthepreferenceofmanyfornear-,,suchasdiscountbrokerages,ortheyalsomayofferadvisoryserviceswhichhelpreduceinformationcosts,suchasfull-,suchasdepositsandinsurancepoliciesthataremoreattractivetohouseholdsavers,,,?Howdoesthetransformationprocess,orintermediation,reducetherisk,oreconomicdisincentives,tothesavers?,whichareconsideredprimarysecurities,,theinformationgatheringandevaluationexpenses,monitoringexpenses,liquiditycosts,?Byputtingexcessfundsintofinancialinstitutions,,theFIcanutilizethisinformationtocreatenewproducts,mercialloans,,?First,,,bydiversifyingtheassetbaseFIsprovidesecondarysecuritieswithlowerprice-,,FIsprovidematurityintermediationtotheeconomywhichallowstheintroductionofadditionaltypesofinvestmentcontracts,suchasmortgageloans,thatarefinancedwithshort-?Whatareagencycosts?,,,borrowers,andfinancialmarketsingeneralofthesolutiontotheinformationproblemprovidedbythelargefinancialinstitutions?-,?mercialbanks,forexample,-?Whichtypeoffinancialinstitutionisbestabletoachievethisgoal?,consumer,andgovernmentcustomers,’-riskassetswithfundingprovidedbylow-riskliabilitiesfromsavers?-?4Bypoolingtheassetsofmanysmallinvestors,,,?Whataresomeofthewaysinwhichtherisksofmaturityintermediationaremanagedbyfinancialintermediaries?lendershavedifferentoptimaltimehorizons,FIscanservicebothsectorsbymatchingtheirassetandliabilitymaturitiesthroughon-andoff-,theFIcanoffertherelativelyshort-termliabilitiesdesiredbyhouseholdsandalsosatisfythedemandforlong--andshort-termassetsthathavevariable-andfixed-ponents,theFIcanreducematurityriskexposurebyutilizingliabilitiesthathavesimilarvariable-andfixed-ratecharacteristics,orbyusingfutures,options,swaps,-specificFIspecialness,andwhichtypesofinstitutionsaremostlikelytobetheserviceproviders?,,S&,,,??Whatsocialbenefitisthistypeofregulationintendedtoprovide?CreditallocationregulationreferstotherequirementfacedbyFIstolendtocertainsectorsoftheeconomy,?Whatisthiswealthtransferprocess?,?Towhatextentdotheseservicesefficientlyprovidebenefitstotheeconomy??HowdoFIsassistinthisprocess?$100,000,$250,?Inwhatwaysdotheexistenceofnegativeexternalitiesjustifytheextraregulatoryattentionreceivedbyfinancialinstitutions?,inanindustrialsetting,,oneconcernisthecontagioneffectthatcanarisewhenthefailureofoneFIcancastdoubtonthesolvencyofotherinstitutionsinthatindustry.