How the Financial System Works

This lecture will explore our financial system. Why do banks exist, and what do they do with the money that savers lend to them? We'll explore what risks they face and how they can go bust - even if they make completely safe investments. How does the stock market work - what happens when you trade shares, and why do some companies raise money on the stock market and others don't? Can ordinary citizens influence how the money they save is used?A lecture by Alex EdmansThe transcript and downloadable versions of the lecture are available from the Gresham College website: https://www.gresham.ac.uk/lectures-and-events/financial-systemGresham College has been giving free public lectures since 1597. This tradition continues today with all of our five or so public lectures a week being made available for free download from our website. There are currently over 2,000 lectures free to access or download from the website.Website: http://www.gresham.ac.uk Twitter: http://twitter.com/GreshamCollege Facebook: https://www.facebook.com/greshamcollege Instagram: http://www.instagram.com/greshamcollegeSupport the show