Money, Banking and Financial Markets

by Miller, Roger LeRoy; VanHoose, David D.

• ISBN13: 9780324015621
• ISBN10: 0324015623
• Edition: 1st
• Format: Hardcover
• Copyright: 2000-09-18
• Publisher: South-Western College Pub

Summary

This book strives to bring money and banking up-to-date by providing complete, integrated coverage of topics that are important to the twenty-first century world of money and banking. While covering the basics in the authors' hallmark, reader-friendly manner, this book also uniquely integrates coverage of: the effects of cybertechnology on money, banking, and financial institutions; the global financial system; modern expectation concepts; and full coverage of how the Federal Reserve actually conducts monetary policy in the real world.

Table of Contents

Unit I: Introduction	1	(98)
Money---An Introduction	2	(33)
Banking in the New Cyberworld	35	(31)
Financial Markets, Instruments, and Institutions	66	(33)
Unit II: Financial Markets, Instruments, and Instutions	99	(200)
Interest Rates	100	(27)
A World Market?---International Financial Integration	127	(26)
Foreign Exchange Markets	153	(31)
Finding the Best Mix of Financial Instruments---The Theory of Portfolio Choice	184	(22)
Managing Risks in the Global Economy---Duration and Derivatives	206	(33)
Efficient Markets and International Interest Parity	239	(32)
Financial Institutions	271	(28)
Unit III: Depository Financial Institutions	299	(168)
Depository Financial Institutions	300	(30)
Understanding How Banking Markets Work---The Economics of Depository Institutions	330	(35)
The Business of Banking---Depository Institution Management and Performance	365	(34)
Foundations of Depository Institution Regulation	399	(33)
Economic Consequences of Depository Institution Regulation	432	(35)
Unit IV: Central Banking, Monetary Policy, and the Federal Reserve System	467	(90)
Why Money and Banking Go Together---Depository Institutions and Money	468	(29)
Central Banking and the Federal Reserve System	497	(30)
The Federal Reserve and the Financial System	527	(30)
Unit V: Monetary Policy and the Economy	557	(204)
How Much Money Do People Want to Hold?---The Demand for Money	558	(34)
Day-to-Day Monetary Policy---Fed Operating Procedures	592	(35)
How Do We Know How We're Doing?---The Macroeconomic Environment	627	(32)
The Self-Regulating Economy---Classical Monetary Theory	659	(30)
Money and Business Cycles---Essentials of the Keynesian System	689
Is There a Trade-off between Unemployment and Inflation?---Different Views on How Monetary Policy Affects the Economy	659	(102)
Unit VI: Monetary Policy	761	(98)
What Should the Fed Do?---Objectives and Targets of Monetary Policy	762	(33)
Rules versus Discretion in Monetary Policy	795	(31)
What the Fed Does---Interest Rate Targeting and Economic Activity	826	(33)
Policy Making in the World Economy---International Aspects of Monetary Policy	859