Principles of Money, Banking and Financial Markets

by Lawrence S. Ritter; William L. Silber; Gregory F. Udell

• ISBN13: 9780673980533
• ISBN10: 0673980537
• Edition: 9th
• Format: Hardcover
• Copyright: 1997-12-01
• Publisher: Addison-Wesley

Table of Contents

Contents	xi
Notes to the Instructor	xxv
Acknowledgements	xxviii
About the Authors	xxx
PART I The Basics	1	(40)
Introducing Money, Banking, and Financial Markets	3	(3)
The Role of Money in the Macroeconomy	6	(17)
Financial Instruments, Markets, and Institutions	23	(18)
PART II Financial Instruments and Markets	41	(136)
Interest Rate Measurement and Behavior	43	(23)
The Risk and Term Structure of Interest Rates	66	(17)
The Structure and Performance of Securities Markets	83	(15)
The Pricing of Risky Financial Assets	98	(11)
Money and Capital Markets	109	(28)
Demystifying Derivatives	137	(22)
Understanding Foreign Exchange	159	(18)
PART III Banks and Other Intermediaries	177	(64)
The Nature of Financial Intermediation	179	(20)
Depositor Financial Institutions	199	(26)
Nondepository Financial Institutions	225	(16)
PART IV Financial System Architecture	241	(72)
Understanding Financial Contracts	243	(22)
The Regulation of Markets and Institutions	265	(20)
Financial System Design	285	(18)
Financial Innovation	303	(10)
PART V The Art of Central Banking	313	(84)
Who's in Charge Here?	315	(11)
Bank Reserves and the Money Supply	326	(21)
The Instruments of Central Banking	347	(15)
Understanding Movements in Bank Reserves	362	(21)
Monetary Policy Strategy	383	(14)
PART VI Monetary Theory	397	(148)
The Classical Foundations	399	(22)
The Keynesian Framework	421	(31)
The ISLM World	452	(34)
Money and Economic Stability in the ISLM World	486	(15)
An Aggregate Supply and Demand Perspective on Money and Economic Stability	501	(30)
Rational Expectations: Theory and Policy Implications	531	(1)
Empirical Evidence on the Effectiveness of Monetary Policy	531	(14)
PART VII Grand Finale	545	(14)
Tying It All Together	547	(12)
EPILOGUE: Careers in Banking and Financial Markets	559	(6)
Glossary	565	(18)
Index	583