Chapter 2 Contents 2.1 What is a 2.7 Financial Intermediaries Financial System? 2.8 Financial Infrastructure 2.2 The Flow of Funds and Regulation 2.3 The Functional 2.9 Governmental Quasi Perspective Governmental Organizations 2.4 Financial Innovation the “Invisible Hand” 2.5 Financial Markets 2.6 Financial Market Rates THE COURSE OF FINANCE 2017 SPRING SJTU 2Chapter 2 Contents  2.1 What is a Financial System?  2.2 The Flow of Funds  2.3 The Functional Perspective  2.4 Financial Innovation & the “Invisible Hand”  2.5 Financial Markets  2.6 Financial Market Rates  2.7 Financial Intermediaries  2.8 Financial Infrastructure and Regulation  2.9 Governmental & Quasi- Governmental Organizations THE COURSE OF FINANCE 2017 SPRING SJTU 2