Money, Banking, and Financial Markets

by Cecchetti, Stephen

• ISBN13: 9780073523095
• ISBN10: 0073523097
• Edition: 2nd
• Format: Hardcover
• Copyright: 2007-08-17
• Publisher: McGraw-Hill/Irwin

Summary

Cecchetti's Money, Banking, and Financial Markets, 2e offers a fresh, modern, and more student-friendly approach to the subject. Students will find the material more relevant and interesting because of the book's unique emphasis on the Five Core Principles, the early introduction of risk, and an integrated global perspective. Cecchetti is THE money and banking book for today's students. By focusing on the big picture via core principles, Cecchetti teaches students the rationale for financial rules and institutional structure so that even when the financial system evolves, students' knowledge will not be out of date. The author draws on his vast experience, which includes: VP at the Federal Reserve Bank of New York, publishing in and editing various journals, consulting for the European Central Bank, the Bank of England, the Bank of Israel, and the Reserve Bank of Australia, as well as his years of teaching at various schools including Ohio State, Brandeis, Princeton, and Oxford University.

Table of Contents

Money and the Financial System

An Introduction to Money and the Financial System

Money and the Payments System

Financial Instruments, Financial Markets, and Financial Institutions

Interest Rates, Financial Instruments, and Financial Markets

Future Value, Present Value, and Interest Rates

Understanding Risk

Bonds, Bond Prices, and the Determination of Interest Rates

The Risk and Term Structure of Interest Rates

Stocks, Stock Markets, and Market Efficiency

Derivatives: Futures, Options, and Swaps

Foreign Exchange

Financial Institutions

The Economics of Financial Intermediation

Depository Institutions: Banks and Bank Management

Financial Industry Structure

Regulating the Financial System

Central Banks, Monetary Policy, and Financial Stability

Central Banks in the World Today

The Structure of Central Banks: The U.S. Federal Reserve & European Central Bank

The Central Bank Balance Sheet and the Money Supply Process

Monetary Policy: Using Interest Rates to Stabilize the Domestic Economy

Exchange Rate Policy and the Central Bank

Modern Monetary Economics

Money Growth, Money Demand, and Monetary Policy

Modern Monetary Policy and Aggregate Demand

Understanding Business Cycles

Monetary Policy, Output, and Inflation in the Short Run

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