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4QQMN505 Capital Markets and Financial Institutions

2020

1. Outline the crucial roles that banks play in the modern financial system. In your answer, make distinctions between different types of bank (central, commercial, investment etc).  [70 marks]

 

 

2. Covid-19 has wreaked havoc on equity markets worldwide. In such times, are investors likely to be better served by ‘active’ fund managers or by ‘passive’ index funds? [70 marks]

 

 

3. Arjaliès et al (2017) describe financial intermediation as a ‘tax’ on the rest of the economy? Is this a fair description or do financial intermediaries add value to investment decision-making in various ways? [70 marks]