●Underwriting Maturity Intermediation Risk Reduction via Diversification Reducing the Costs of Contracting and Information Processing o Providing a payment Mechanism Nature of Liabilities 3.问题与应用（能力要求） What services do financial institutions provide? 2 Regulation of Financial Markets Financial Innovation 1.主要内容 Justification for Regulation Categorizations of Financial Innovations Motivation for Financial Innovation Securitization and Financial Innovation ●结合“自由、公正、法治、爱国”社会主义核心价值观，分析美国2008次贷危 机案例，讨论其产生原因与教训，帮助学生理解资本主义制度的天生缺陷。 2.基本概念和知识点 ●Market failure Disclosure Regulation Financial Activity Regulation Financial Institution Regulation Foreign Participant Regulation Price-risk-transferring innovations Credit-risk-transferring instruments Liquidity-generating innovations Credit-generating instruments Equity-generating instruments ●Securitization (三)思考与实践 1.What's the Role of Financial Intermediaries? 2.What's the motivation for financial innovation? 3.如何理解证券化等金融创新的两面性？ (四)教学方法与手段 本章主要采用课堂讲授、多媒体教学和课堂讨论的教学方法和手段。 6 6 ⚫ Underwriting ⚫ Maturity Intermediation ⚫ Risk Reduction via Diversification ⚫ Reducing the Costs of Contracting and Information Processing ⚫ Providing a Payment Mechanism ⚫ Nature of Liabilities 3. 问题与应用（能力要求） ⚫ What services do financial institutions provide? 第 2 节 Regulation of Financial Markets & Financial Innovation 1. 主要内容 ⚫ Justification for Regulation ⚫ Categorizations of Financial Innovations ⚫ Motivation for Financial Innovation ⚫ Securitization and Financial Innovation ⚫ 结合“自由、公正、法治、爱国”社会主义核心价值观，分析美国 2008 次贷危 机案例，讨论其产生原因与教训，帮助学生理解资本主义制度的天生缺陷。 2. 基本概念和知识点 ⚫ Market failure ⚫ Disclosure Regulation ⚫ Financial Activity Regulation ⚫ Financial Institution Regulation ⚫ Foreign Participant Regulation ⚫ Price-risk-transferring innovations ⚫ Credit-risk-transferring instruments ⚫ Liquidity-generating innovations ⚫ Credit-generating instruments ⚫ Equity-generating instruments ⚫ Securitization （三）思考与实践 1. What’s the Role of Financial Intermediaries? 2. What’s the motivation for financial innovation? 3. 如何理解证券化等金融创新的两面性？ （四）教学方法与手段 本章主要采用课堂讲授、多媒体教学和课堂讨论的教学方法和手段