the Spanish financial system and banks
Arturo Hi Ana Maria and Adrian are here to let you work on 23 February: Wednesday, February 23, 2011
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, to the borrowers 
or deficit spending units . Hello
Anne Arthur and Adrian are here to let you work on 23 February: 
What is the financial system? financial system (financial system
) of a country consists of the set of institutions, media and markets , whose main purpose is to channel savings generated by lenders or surplus spending units , to the borrowers or deficit spending units . What are the financial intermediaries?
are financial institutions that mobilize savings in the economy, putting the task of mediation between the lenders (or savers past) and borrowers (including those who come to credit as a way to expand holdings of real assets). types of financial intermediaries
2.1
bank financial intermediaries
are those whose liabilities are considered money, and whose liabilities and obligations may be accepted as payment. Examples are the Bank of Spain or the private commercial banks and thrifts. 2.2 nonbank financial intermediaries are those whose liabilities or obligations are not money, that is, have not accepted as payment. We consider the term sales companies, leasing companies, factoring companies, insurance, mutual credit officer.
financial systems goals: Goal
Financial System.
expenditure surplus units (savers) are those who prefer to spend on consumption or investment goods present less than their current income to current market interest rate. deficit spending units (public or private providers) are those who prefer to spend on consumption or investment goods present more than their current income, current market interest rate.
The advantage of addressing a market organized by both parties is the maximization of time, where we will also find and operational transparency, and as the cost will have to bear by both parties the commission charged by brokers for management.
The intermediary role, conducted by the institutions or intermediaries who make up the financial system, is considered essential for the transformation of primary financial assets issued by the inverter units (whose purpose is to raise funds to increase their real assets) in indirect financial assets, more in line with the preferences of savers. Financial System therefore complies with the fundamental mission of a market economy (to capture the excess savings and channel them into public and private borrowers). This mission is vital for two reasons:
- The mismatch of savers and investors, ie those units that are distinct from deficit to surplus countries.
- The desires of savers do not coincide with those of investors, the liquidity, safety and return on assets issued by the latter, for this reason is that brokers are required to carry out an active work of transformation to make them more suited to the desires of savers.
The financial system is composed of specialists working in the financial markets by exercising the functions and financial operations that lead to as much savings is available for investment in the best possible conditions for both sides to which emit between the investing public a series of financial assets we might call first-order and buy her other higher order to reach the assets issued by the end users of funds.
BANKS
A bank is a financial intermediary is responsible for raising funds on deposit and lending money, and the provision of financial services
. The
banking, or
globalization promote the creation of a universal banking
determined, providing service bank. Internalization and
bank Classes
Depending on the source of capital: public banks: The capital is provided by the state. private banks: Capital contributed by shareholders. mixed Banks: Its capital is formed with private and public contributions.
Depending on the type of operation:
currents Banks: They are common wholesalers operating the general public. Common operations include account deposits, box savings, loans, bills, receipts and payments accounts of third parties, custody of items and values, rental of safe deposit boxes, financial, etc.
specialized banks: They have a purpose-specific credit.
- bank of issue, currently preserved as official banks, these banks are issuing money.
- Central Banks: They are the senior banking houses that authorize the operation of credit institutions, the monitoring and control.
- second-tier banks, are those who channel funds to the market through other institutions financial intermediary. They are primarily used to channel resources to productive sectors.
Salu2!
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