Essay on Weekly Course Outlines

Submitted By AbhimanyuSanghi
Words: 3872
Pages: 16
Open Document
Week 1
The First Modern Capital Markets
Commercial Revival of the Middle Ages and Renaissance, 1000-1500
Business org: guilds, regulated associations (eg, Merchants of the Staple)
Partnerships and shares
Bancos to banks (Italy: deposit/discount, merchant, and pawn banks)
Bills of exchange
European Discovery of the New World
The Price Revolution
Spanish/Habsburg dominance of 16th C
Long-term annuities
Rise of Dutch Republic, late 16th & 17th centuries
Dutch financial innovations
Public debt
Securities markets
Wisselbank (Bank of Amsterdam)
Trading companies, eg Dutch East India Company
(New Amsterdam)
(Tulip mania of 1630s)
Rise of England
Defeat of Spanish armada, 1588
New world colonies, 1580s, 1607Trading companies, eg East India Company
Divine right of kings and finance
Goldsmith bankers
1672 Stop of Exchequer
Glorious Revolution of 1688-England gets a Dutch king, Parliament's power increases War finance and debt
Financial innovation
Bank of England, 1694
New methods of borrowing
Exchequer bills
Long-term annuities
Debt management to 1720 in France and England
John Law and Mississippi Bubble in France
South Sea Bubble in England
International speculation and capital movements
Long-term effects of the bubbles in England and France
Attitudes toward banks and securities markets
Regulatory stirrings
1

Some "Financial Revolutions" in emerging markets that became economic and financial leaders (in parens, authors who have studied these matters)
Lydia (Turkey now), 7th-6th centuries BCE
Coinage (Croesus, a Lydian king, became "rich as ....")
Italian city states, medieval and renaissance
Institutions: deposit/discount/exchange banks, int'l merchant banks, pawn banks Instruments: deposits, loans, bills of exchange, marine insurance, state loans
Dutch, mid 16th to early 17th centuries
Elements of "Dutch Finance" (Neal, Hart, Vries and Woude, Baskin-Miranti):
Negotiable international bills of exchange (Van der Wee)
Large public debts in form of negotiable securities, funded by high taxes (Tracy)
Wisselbank (Bank of Amsterdam,1609)--exchange/payments system
Currency stability--adherence to specie (gold/silver) standards
Private banks (small, unincorporated)
Tradable equity shares in permanently capitalized companies
Secondary securities markets for debt and equity
Derivatives (options, futures, "time bargains")
England, 1688 to 1750s (Dickson, Brewer, Neal, Baskin-Miranti)
Elements of "English Finance":
"Dutch Finance" plus:
Central/public bank (large private corporation -> central bank)
Domestic money/bill-of-exchange market
Scotland, 1750-1845 (Cameron); also tied to English system
Elements of "Scotch Finance":
Banking co-partnerships with branches, freedom of note issue, small notes USA, 1790-1830s (Baskin-Miranti, Timberlake, Sylla)
"English Finance" and "Scotch Finance" plus:
Central/public bank with branches, chartered & owned in part by US government Competitive corporate banks with ltd. liability and tradable equity, chartered by state governments with fiscal interests in banking, and later (1838- ) under general incorporation laws (free banking)
Competitive non-banking corporations with tradable equity securities and widespread stock and bond markets
Links of banking system and securities markets; call loans, securities collateral 2

Continental Europe, mid-19th century (Landes)
Elements borrowed from Dutch and English finance, plus:
Credit mobiliers, joint stock banks with ties to non-fin'l companies
Japan, 1880-1900 (Tamaki)
Matsukata (Finance Minister) combines many of above elements, plus others (e.g. foreign trade/finance bank, special long-term credit banks, postal savings) under strong government control
Zaibatsu (conglomerate enterprises with bank/finance arms)

3

Week 2
1719-20 French and English "bubbles"--ctd
What was John Law up to? A "modern" ahead of his time, with fiat money?
Short-term aftermath: tradable public securities (rentes and consols)
Longer-term aftermath: England reorganizes and marches forward
Show More

Related Documents: Essay on Weekly Course Outlines

Course Syllabus

Course Syllabus Fall Semester 2014 School of Liberal Arts Course Name: Composition II Course Number: ENG 112 Section Number: 064 Credits: 3 Contact Hours: 3 Credits: 3 Contact Hours: 3 Instructor’s Name: Dr. Joy Ellen Parker Office Hours & Location: MW 12:30-1:30; 3:30-5:30/TR 3:30-5:30 in FH 1026 Campus Phone: 567.661.7680 Campus E-mail: joy_parker@owens.edu Additional Contact Information: Reminder: You must email me using your Owens email, or I will not be able to respond…

Words 3939 - Pages 16

COM101 Fall Day Skaf Essay

Text: Verderber/Verderber/Sellnow. Comm 2 Course Description: This course is an introduction to major forms of communication for college students. You’ll learn practical ways to improve your interpersonal and public speaking skills. The course emphasis includes exploring the meaning of communication, assessing how communication changes the world, and using our deeper understanding as a way to more effectively communicate with those around us. Course Objectives: At the end of the semester students…

Words 793 - Pages 4

Master Timetable Research Paper

values. You would want o ask yourself if you want to help others, make good products, to create, educate, exercise your curiosity, to entertain, etc. After, you should know what should it take for you to go forward in your plan. Also determining the courses needed, what extracurricular activities, to pursue and how to over come obstacles will help you achieve your goal. Having a Master Timetable is very helpful. This helps you with…

Words 248 - Pages 1

Bio 01 Summer 2014 ONLINE Syllabus 2 Essay

BIO 01 – K6 ( online) Fundamentals of Biology Course Outline SUMMER 2014 Instructor: Katherine Clatterbuck Email: Katherine.Clatterbuck@southside.edu Credit hours: 3 Office hours: By appt. Phone: 434-736-2060/540-664-6100 Class meeting time: None specified, although you are strongly encouraged to check Blackboard at least 2 times per week in order to keep up with class assignments, discussions, and tests. Course Description This course provides an introduction to basic and fundamental…

Words 1089 - Pages 5

Essay on INC 301

INTRODUCTION Welcome to INH301! Please read this addendum to the general subject outline carefully. It is your guide to the subject requirements and activities in my class. Be sure to read the outline containing key course information at http://www.senecac.on.ca/fulltime. TEXTS & MATERIALS Reading will be assigned on a weekly basis. The material I assign will be available online through the Seneca Libraries journal collections, be posted on Blackboard or handed out in class. Each…

Words 1623 - Pages 7

Signed Student Learning Contract Essay

completing your end of term evaluation! Student name: Freislyn Santana_________________________ ID #: 1017341______________________ Major: Finance/Business Administration_______ Faculty Supervisor: _Dr.Jobs_____________________ Credits: __3_____ Course #: _FN 454_____ Semester: fall / spring / summer Year: _Senior _____ Company/Organization: _Transamerica Agency Network, Inc.___________________________________ Employer representative / student's supervisor completing this form: Name: Yohannes Worku___________________________…

Words 607 - Pages 3

Nt1310 Unit 1 Assignment

1. To decide which university to attend I will compare them. There will be certain things I will compare, such as the price, the distance from home, if they offer my major, and the school ranking. When all of these things for the schools are compared it should be easy to narrow the choices down to one or two. Once the choices have been narrowed down, based on price, distance, etc., it will be narrowed down to one. To do that I will create another college comparison chart comparing different things…

Words 1042 - Pages 5

20246 Learning Guide Essay

ICT Services Management. This course covers a broad range of ICT & IS topics and much of the course is concerned with familiarising you with key terminology and concepts that you will expand upon in later courses. This brief learning guide outlines suggestions for studying this course, what you should expect and what…

Words 937 - Pages 4

ACCT252 14S2c Essay

ACCT 252 S2 College of Business and Law COURSE OUTLINE Law of Business Contracts Semester 2 Department of Accounting & Information Systems Course Supervisor: Associate Professor Maree Chetwin Email: maree.chetwin@canterbury.ac.nz 14 ACCT252-14 S2 Course Outline PLEASE NOTE It is the student’s responsibility to retain all course outlines for any future assessment by professional bodies or other institutions 2 ACCT252-14 S2 1. Course Outline 3 COURSE OBJECTIVES If a person has agreed to purchase…

Words 2098 - Pages 9

Essay on Free Hungrey

School: Management Course Number: MGMT 610 Course Name: Cross Cultural Management Credit Hours: 3 Length of Course: 8 weeks Prerequisite: None Table of Contents Course Description Evaluation Procedures Course Scope Grading Scale Course Objectives Course Outline Course Delivery Method Policies Course Resources Academic Services Selected Bibliography Greetings and welcome to MGMT 604 – Cross Cultural Management Instructor: Frank. R. Lazzara, Ph.D Email:…

Words 1934 - Pages 8