Money, Banking and Financial Markets

by Miller, Roger LeRoy; VanHoose, David D.

• ISBN13: 9780324159936
• ISBN10: 0324159935
• Edition: 2nd
• Format: Hardcover
• Copyright: 2003-02-12
• Publisher: South-Western College Pub

Summary

This text 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 myriad topics appropriate for a money and banking course, the book is the first in the field to fully integrate coverage of international financial markets and the global economy from the outset. It also gives considerable attention to the ways in which new technologies are affecting the practice of banking, the nature of money, and the tasks of policymakers, and is the first and only text on the market to offer a fully-integrated program of accompanying online resources and multimedia tools that enhance a student's study of money and banking.

Table of Contents

Unit I: Introduction	1	(78)
Money---An Introduction	2	(24)
Banking in the New Cyberworld	26	(25)
Financial Markets, Instruments, and Institutions	51	(28)
Unit II: Financial Markets, Instruments, and Institutions	79	(160)
Interest Rates	80	(28)
A World Market?---International Financial Integration	108	(18)
Foreign Exchange Markets	126	(22)
Finding the Best Mix of Financial Instruments---The Theory of Portfolio Choice	148	(20)
Managing Risks in the Global Economy---Derivative Securities	168	(26)
Efficient Markets and International Interest Parity	194	(24)
Nondepository Financial Institutions	218	(21)
Unit III: Depository Financial Institutions	239	(128)
Depository Financial Institutions	240	(24)
Understanding How Banking Markets Work---The Economics of Depository Institutions	264	(26)
The Business of Banking---Depository Institution Management and Performance	290	(23)
Foundations of Depository Institution Regulation	313	(28)
Economic Consequences of Depository Institution Regulation	341	(26)
Unit IV: Central Banking, Monetary Policy, and the Federal Reserve System	367	(78)
Why Money and Banking Go Together---Depository Institutions and Money	368	(29)
Central Banking and the Federal Reserve System	397	(24)
The Federal Reserve and the Financial System	421	(24)
Unit V: Monetary Policy and the Economy	445	(172)
How Much Money Do People Want to Hold?---The Demand for Money	446	(25)
Day-to-Day Monetary Policy---Fed Operating Procedures	471	(31)
How Do We Know How We're Doing?---The Macroeconomic Environment	502	(25)
The Self-Regulating Economy---Classical Monetary Theory	527	(28)
Money and Business Cycles---Essentials of the Keynesian System	555	(34)
Can Monetary Policy Have Long-Lasting Real Effects?---Different Views on How Monetary Policy Affects the Economy	589	(28)
Unit VI: Monetary Policy	617	(1)
What Should the Fed Do?---Objectives and Targets of Monetary Policy	618	(27)
Rules versus Discretion in Monetary Policy	645	(26)
What the Fed Does---Interest Rate Targeting and Economic Activity	671	(27)
Policymaking in the World Economy---International Dimensions of Monetary Policy	698