00:00 // Introduction: Understanding the Human Side of Finance
02:30 // What is Finance? The Power of Promises
06:15 // The Present Value of Money: Understanding Future Returns
10:40 // Rationality vs. Reality: The Human Element in Finance
14:50 // Lies and Deception in Finance: Fraud vs. Incomplete Contracts
19:30 // The Role of Contracts: Explicit vs. Implicit Agreements
23:45 // The Cycle of Finance: Firms, Investors, and Intermediaries
28:20 // Who Controls Your Money? The Rise of Financial Intermediaries
33:10 // How Banks Create and Manage Money
37:50 // A History of Banking: From Mesopotamia to Modern Finance
42:30 // How Trust in Banking Has Evolved Over Time
47:00 // Bank Runs and Financial Crises: Causes and Consequences
51:00 // The Future of Money: Digital Currencies and Stablecoins
Watch the Q&A session here: https://youtu.be/gWJmpSO4WZI
Finance involves a group of people attempting to make rational decisions on valuation, but people are complicated. People can be self-interested, they can make mistakes, or, in stark contrast, they can act altruistically. This lecture will introduce the concept of agency problems in the finance sector, focusing on the conflicts that arise between different groups of stakeholders. It will discuss examples of fraud, insider trading and other types of human behavior that can reduce the public's trust in the markets.
This lecture was recorded by Raghavendra Rau on 21st October 2024 at Barnard's Inn Hall, London
Raghu is the Mercers School Memorial Professor of Business
He is also the Sir Evelyn de Rothschild Professor of Finance at Cambridge Judge Business School.
The transcript of the lecture is available from the Gresham College website: https://www.gresham.ac.uk/watch-now/hidden-conflicts-finance
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