A financial system is that which puts in contact, through a market, two types of economic agents: Those economic agents with a surplus of funds (money suppliers) and those economic agents with a shortage of funds (money requesters), being the financial assets the merchandise which is object of the exchange. So then, a financial system s composed of markets, assets and of contact all those participants in the market. The financial assets money and it constitutes for them a liability. It is a way to maintain wealth for those who posses it. Therefore, financial assets and liabilities are the two sides of a same coin (investment-financing). According to the source of emission of these securities we will talk about public securities (issued by public institutions or private (issued by private institutions).
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