EC4024 2008 Lecture3

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Stephen Kinsella

Economy & Finance Business

EC4024
Lecture 3
The Structure of the
Financial System

1. Macro Structure
2 1
Financial
Real 4
Household Assets/
Activities 3 Liabilities

( )
5
Bonds
Stocks
Options
Mortgages
.....

2. Firm Structure
2 1
Firm’s Financial 4 Investors
Activities 3 Management

( )
5

Individuals
Institutions
.....

Individuals With

Corps

Banks Markets Insurers

Others

Individuals without

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