Globalization of Financial Markets Institutionalization of financial markets Classification of Global Financial Markets ·结合“爱国、法治”社会主义核心价值观分析金融市场全球化，理性辩证看待金 融全球化，增强爱国主义情怀，坚定道路自信与制度自信。 2.基本概念和知识点 ●Financial market ●Search Costs ●Information Costs ●Capital Market ●Primary Market ●Emerging markets ●Foreign market 第3节Derivative Markets and Asset Classes 1.主要内容 Derivative Instruments Four major asset classes defined by investment attribute Asset classes expanded by separating foreign securities from U.S.securitie Characteristics of Emerging Markets 2.基本概念和知识点 ●Options contracts ●Futures contracts ●Forward contracts o Cap and floor agreements Market Capitalization Mortgage-backed securities(MBS) Emerging market foreign stocks 3.问题与应用（能力要求） What are the characteristics of emerging markets? (三)思考与实践 1.A U.S.investor who purchases the bonds issued by Japanese govemment made the following comment:"Assuming that the Japanese government does not default,I 4 4 ⚫ Globalization of Financial Markets ⚫ Institutionalization of financial markets ⚫ Classification of Global Financial Markets ⚫ 结合“爱国、法治”社会主义核心价值观分析金融市场全球化，理性辩证看待金 融全球化，增强爱国主义情怀，坚定道路自信与制度自信。 2. 基本概念和知识点 ⚫ Financial market ⚫ Search Costs ⚫ Information Costs ⚫ Capital Market ⚫ Primary Market ⚫ Emerging markets ⚫ Foreign market 第 3 节 Derivative Markets and Asset Classes 1. 主要内容 ⚫ Derivative Instruments ⚫ Four major asset classes defined by investment attribute ⚫ Asset classes expanded by separating foreign securities from U.S. securities ⚫ Characteristics of Emerging Markets 2. 基本概念和知识点 ⚫ Options contracts ⚫ Futures contracts ⚫ Forward contracts ⚫ Swap agreements ⚫ Cap and floor agreements ⚫ Market Capitalization ⚫ Mortgage-backed securities (MBS) ⚫ Emerging market foreign stocks 3. 问题与应用（能力要求） ⚫ What are the characteristics of emerging markets? （三）思考与实践 1. A U.S. investor who purchases the bonds issued by Japanese government made the following comment: “Assuming that the Japanese government does not default, I