Financial Institutions: 두 판 사이의 차이

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== Specialness of Financial Institutions ==
== Specialness of Financial Institutions ==
Financial institutions are not merely passive intermediaries. They are considered special because they perform several essential economic functions.
* Information production: they collect and process information about borrowers and investment opportunities.
* Liquidity and maturity transformation: they fund relatively illiquid and long-term assets with relatively liquid and short-term liabilities.
* Monitoring: they engage in delegated monitoring on behalf of dispersed savers and investors.
Because of these functions, financial institutions are closely related to credit allocation, payment services, and financial stability.


== Types of Financial Institutions ==
== Types of Financial Institutions ==
Financial institutions can be broadly divided into depository institutions and non-depository institutions.
=== Depository Institutions ===
Depository institutions accept deposits and use them to make loans. Typical examples include [[은행|banks]] and [[저축은행|savings banks]].
=== Non-Depository Institutions ===
Non-depository institutions do not primarily fund themselves through deposits. Major examples include securities firms, asset management companies, and insurance companies.


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