{"id":259,"date":"2019-01-15T16:14:13","date_gmt":"2019-01-15T21:14:13","guid":{"rendered":"https:\/\/sites.bu.edu\/perry\/?page_id=259"},"modified":"2022-04-26T14:36:48","modified_gmt":"2022-04-26T18:36:48","slug":"17-direct-and-indirect-finance","status":"publish","type":"page","link":"https:\/\/sites.bu.edu\/perry\/lectures\/mb-lectures\/section-2\/17-direct-and-indirect-finance\/","title":{"rendered":"17:  Direct and Indirect Finance"},"content":{"rendered":"<p><strong><a href=\"\/perry\/files\/2019\/01\/Lec-17-Direct-and-Indirect-Finance.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Lecture PDF<\/a><\/strong><\/p>\n<p>Lec 17-1: FT: Shadow banking<\/p>\n<p><a href=\"http:\/\/www.ft.com\/cms\/s\/0\/36878ee2-3175-11e2-b68b-00144feabdc0.html#axzz2jtJGx04Q\"><span style=\"font-weight: 400;\">FT article link<\/span><\/a><\/p>\n<p><a href=\"https:\/\/www.youtube.com\/watch?v=EOzMdEwYmDU\"><span style=\"font-weight: 400;\">Jimmy Stewart banking<\/span><\/a><\/p>\n<p><a href=\"https:\/\/www.youtube.com\/watch?v=EOzMdEwYmDU\"><iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/VKMUAy9AIuA\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/a><\/p>\n<p>Lec 17-2: Bagehot&#8217;s World: separation of money markets and capital markets<br \/>\n<iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/gk4G48jjCb4\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>Lec 17-3: The New World: integration of money markets and capital markets<br \/>\n<iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/pf7uOvxBeak\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>Lec 17-4: Funding liquidity versus market liquidity<\/p>\n<p><a href=\"https:\/\/d396qusza40orc.cloudfront.net\/money2\/readings\/Moulton%20I.pdf\"><span style=\"font-weight: 400;\">Moulton I<\/span><\/a><\/p>\n<p><a href=\"https:\/\/d396qusza40orc.cloudfront.net\/money2\/readings\/Moulton%20II.pdf\"><span style=\"font-weight: 400;\">Moulton II<\/span><\/a><\/p>\n<p><a href=\"https:\/\/d396qusza40orc.cloudfront.net\/money2\/readings\/Moulton%20III.pdf\"><span style=\"font-weight: 400;\">Moulton III<\/span><\/a><\/p>\n<p><a href=\"https:\/\/d396qusza40orc.cloudfront.net\/money2\/readings\/Moulton%20IV.pdf\"><span style=\"font-weight: 400;\">Moulton IV<\/span><\/a><\/p>\n<p><a href=\"https:\/\/d396qusza40orc.cloudfront.net\/money2\/readings\/Moulton%20III.pdf\"><iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/Rt9ELlcFKQ4\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/a><\/p>\n<p>Lec 17-5: Digression: Schumpeter on banking and economic development<\/p>\n<p><a href=\"https:\/\/la.utexas.edu\/users\/hcleaver\/368\/368lewistable.pdf\"><span style=\"font-weight: 400;\">Lewis Model<\/span><\/a><\/p>\n<p><a href=\"http:\/\/en.wikipedia.org\/wiki\/Henry_Dunning_Macleod\"><span style=\"font-weight: 400;\">Henry Dunning McLeod<\/span><\/a><\/p>\n<p><a href=\"http:\/\/www.amazon.com\/The-Theory-Economic-Development-Interest\/dp\/0878556982\"><span style=\"font-weight: 400;\">Joseph Schumpeter&#8217;s Theory of Economic Development<\/span><\/a><\/p>\n<p><a href=\"http:\/\/www.amazon.com\/The-Theory-Economic-Development-Interest\/dp\/0878556982\"><iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/hGTVBK-teK0\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/a><\/p>\n<p>Lec 17-6: Payment versus funding<br \/>\n<iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/sqqqk31z9mU\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>Lec 17-7: Reading: Gurley and Shaw<br \/>\n<iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/fJS_A8_wuJU\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>Lec 17-8: Financial evolution: indirect finance to direct finance<br \/>\n<iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/_g1FG8YVAUA\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>Lec 17-9: Banking evolution: loan-based credit to market-based credit<br \/>\n<iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/PsU7Y5O0-GU\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>Lec 17-10: Preview: Central banking and shadow banking<br \/>\n<iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/-iMW1R4Ds1w\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lecture PDF Lec 17-1: FT: Shadow banking FT article link Jimmy Stewart banking Lec 17-2: Bagehot&#8217;s World: separation of money markets and capital markets Lec 17-3: The New World: integration of money markets and capital markets Lec 17-4: Funding liquidity versus market liquidity Moulton I Moulton II Moulton III Moulton IV Lec 17-5: Digression: Schumpeter [&hellip;]<\/p>\n","protected":false},"author":15799,"featured_media":0,"parent":249,"menu_order":5,"comment_status":"closed","ping_status":"closed","template":"","meta":[],"_links":{"self":[{"href":"https:\/\/sites.bu.edu\/perry\/wp-json\/wp\/v2\/pages\/259"}],"collection":[{"href":"https:\/\/sites.bu.edu\/perry\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/sites.bu.edu\/perry\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/sites.bu.edu\/perry\/wp-json\/wp\/v2\/users\/15799"}],"replies":[{"embeddable":true,"href":"https:\/\/sites.bu.edu\/perry\/wp-json\/wp\/v2\/comments?post=259"}],"version-history":[{"count":3,"href":"https:\/\/sites.bu.edu\/perry\/wp-json\/wp\/v2\/pages\/259\/revisions"}],"predecessor-version":[{"id":664,"href":"https:\/\/sites.bu.edu\/perry\/wp-json\/wp\/v2\/pages\/259\/revisions\/664"}],"up":[{"embeddable":true,"href":"https:\/\/sites.bu.edu\/perry\/wp-json\/wp\/v2\/pages\/249"}],"wp:attachment":[{"href":"https:\/\/sites.bu.edu\/perry\/wp-json\/wp\/v2\/media?parent=259"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}