Money: The Financial System & the Economy (study guide)

by Hubbard, R. Glenn

• ISBN13: 9780201473810
• ISBN10: 020147381X
• Edition: 3rd
• Format: Hardcover
• Copyright: 1999-07-01
• Publisher: Benjamin-Cummings Publishing Company

Summary

Thoroughly up-to-date, heavily applied money and banking textbook with a highly effective unifying theme of risk, liquidity, and information; systematic attention to important international developments, including the Asian financial crisis and the establishment of the European economic union. Emphasis on learning to apply the material -- through such features as "Moving from Theory to Practice, "Using the News," "Case Studies," and "Checkpoints" - is outstanding and teaches the students a very valuable skill.

Table of Contents

Introduction

Introducing Money and the Financial System

Money and the Payments System

Overview of the Financial System

Interest Rates

Interest Rates and Rates of return

The Theory of Portfolio Allocation

Determining Market Interest Rates

Risk Structure and Term Structure of Interest Rates

Financial Markets

The Foreign-Exchange Market and Exchange Rates

Derivative Securities and Derivative Markets

Information and Financial Market Efficiency

Reducing Transactions Costs and Information Costs

Financial Institutions

What Financial Institutions Do

The Business of Banking

The Banking Industry

Banking Regulation: Crisis and Response

Banking and the International Economy

The Money Supply Process and Monetary Policy

The Money Supply Process

Changes in the Monetary Base

Organization of Central Banks

Monetary Policy Tools

The Conduct of Monetary Policy

The International Financial System and Monetary Policy

The Financial System and The Macroeconomy

The Demand for Money

Linking the Financial System and the Economy: The IS - LM - FE Model

Aggregate Demand and Aggregate Supply

Money and Output in the Short Run

Information Problems and Channels for Monetary Policy

Inflation: Causes and Consequences

Table of Contents provided by Publisher. All Rights Reserved.