User:Work permit/sandbox
From Wikipedia, the free encyclopedia
A financial system consists of financial institutions, such as banks and credit unions; the financial markets; and payments systems. It is the channel through which savings become investments, and through which money and financial claims are transferred and settled. A stable financial system is therefore essential to the health of an economy
A financial system consists of all financial intermediaries, markets (organized and informal), payments and settlements mechanisms, tecnhical infrastructure supporting financial activities, and finally legal and regulatory framework.
Contents |
[edit] Financial Institutions
[edit] Financial Markets
[edit] Payments and Settlement Mechanisms
[edit] Legal, Regulatory, Supervisory Framework
[edit] Central Bank
- provides liquidity to the system
- gives policy advice to the federal government on the design and development of the financial system
- oversees major clearing and settlement systems
- provides banking services to these systems and their participants
- collaborates with other domestic and international bodies involved in financial-stability issues.
