Why is a 14th century banking innovation important for modern monetary policy? This post explores the rise of fractional reserve banking, the money multiplier, and the equations and concepts you should expect to see tested on the CFA Level 1 exam.
Knowing when an institutional investor should choose an asset-liability matching framework or an asset-only approach is vital. Here are the six keys to picking the right approach every time.
In the CFA Level 1 Curriculum, monopolistic competition is a short section bridging longer sections talking about Oligopoly and perfect competition. Don't let its length fool you. It's important to know how ALL of the implications of changing the demand curve from flat to downward sloping in terms of firm profits, market reactions, and overall social welfare.