Describe how, in recent years, banks have become multi-service institutions, and explain how there has been an erosion of the four pillars of finance

  Briefly describe each of the following terms: 

 

 

a asymmetric information problems 

 

b liquidity premium theory 

 

c asset-price bubble 

 

d Basel Accord 

 

e Securitization

 Go to the Bank of Canada site, click Statistics then Indicators and then select Summary of Key Monetary Policy Variables Respond to the following questions 

What has been the growth rate in M1+, M1++, and M2++ over the last 12 months (specify the exact period in your response)? From what you know about the state of the economy, does this seem expansionary or restrictive?

 

Go to Bloom berg com, click Markets and then Rates and Bonds to find information about the yield curve in the country of your choice among Australia, Germany, Japan, the United Kingdom, and the United States

 

What does the yield curve in this country tell us about the publics expectations of future movement of short-term interest rates?