The Economics of Money, Banking, and Financial Markets

by Mishkin, Frederic S.

• ISBN13: 9780321122353
• ISBN10: 0321122356
• Edition: 7th
• Format: Hardcover
• Copyright: 2003-06-01
• Publisher: Addison-Wesley

Summary

In the sprawling gothic city of New Crobuzon, a stranger requests the services of Isaac, an overweight and slightly eccentric scientist. But it is an impossible request--that of flight--and in the end Isaac's attempts will only succeed in unleashing a dark force upon the city.

Table of Contents

Introduction

Why Study Money, Banking, and Financial Markets?

An Overview of the Financial System

What Is Money?

Financial Markets

Understanding Interest Rates

The Behavior of Interest Rates

The Risk and Term Structure of Interest Rates

The Stock Market, the Theory of Rational Expectations, and the Efficient Market Hypothesis

Financial Institutions

An Economic Analysis of Financial Structure

Banking and the Management of Financial Institutions

Banking Industry: Structure and Competition

Economic Analysis of Banking Regulation

Central Banking and the Conduct of Monetary Policy

Structure of Central Banks and the Federal Reserve System

Multiple Deposit Creation and the Money Supply Process

Determinants of the Money Supply

Tools of Monetary Policy

What Should Central Banks Do? Monetary Policy Goals, Strategy and Tactics

International Finance and Monetary Policy

The Foreign Exchange Market

The International Financial System

Monetary Policy

The Demand for Money

The ISLM Model

Monetary and Fiscal Policy in the ISLM Model

Aggregate Demand and Supply Analysis

Transmission Mechanisms of Monetary Policy: The Evidence

Money and Inflation

Rational Expectations: Implications for Policy

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