Principles of Money, Banking

Table of Contents

Part I: The Basics

Chapter 1. Introducing Money, Banking, and Financial Markets

• An Overview
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Why Study Money, Banking, and Financial Markets?

Careers in Banking and Financial Markets http://www.dropshippers.co.za/

Chapter 2. The Role of Money in the Macroeconomy

Introducing Money

Money, the Economy, and Inflation http://www.dropshippers.co.za/

Chapter 3. Financial Instruments, Markets, and Institutions

Flow of Funds

Financial Instruments and Markets http://www.dropshippers.co.za/

Financial Intermediaries: Purposes and Profile

Part II: Financial Instruments and Markets

Chapter 4. Interest Rate Measurement and Behavior

Calculating Interest Rates

What Determines the Level of Interest Rates? http://www.dropshippers.co.za/

Chapter 5. The Term and Risk Structure of Interest Rates

The Term Structure of Rates and the Yield Curve http://www.dropshippers.co.za/

Risk and Tax Structure of Rates

Appendix: Bond Price Volatility: Duration Versus Maturity http://www.dropshippers.co.za/

Chapter 6. The Structure and Performance of Securities Markets

Nature and Function of Securities Markets

Efficiency of Secondary Market Trading http://www.dropshippers.co.za/

Efficient Capital Markets and Regulation

Chapter 7. The Pricing of Risky Financial Assets

Economic Uncertainty

Principles of Diversification http://www.dropshippers.co.za/

The Risk Premium on Risky Securities

Chapter 8. Money and Capital Markets

The Government Bond Market

Bank-Related Securities: CDs and Eurodollars http://www.dropshippers.co.za/

Corporate Securities

Municipal Securities http://www.dropshippers.co.za/

Mortgage Securities

The Stock Market http://www.dropshippers.co.za/

Chapter 9. Demystifying Derivatives

An Overview of Financial Futures

An Overview of Options Contracts http://www.dropshippers.co.za/

An Overview of Swaps

Chapter 10. Understanding Foreign Exchange

What Determines Foreign Exchange Rates?

Fixed Versus Floating Exchange Rates http://www.dropshippers.co.za/

Part III: Banks and Other Intermediaries

Chapter 11. The Nature of Financial Intermediation

The Economics of Financial Intermediation http://www.dropshippers.co.za/

The Evolution of Financial Intermediaries in the United States

Financial Intermediaries: Assets, Liabilities, and Management http://www.dropshippers.co.za/

Chapter 12. Depository Financial Institutions

The Fundamentals of Bank Management http://www.dropshippers.co.za/

Major Trends in Bank Management

Nonbank Depository Institutions–The Thrifts http://www.dropshippers.co.za/

Chapter 13. Nondepository Financial Institutions

Insurance Companies and Pension Funds

Mutual Funds http://www.dropshippers.co.za/

Finance Companies

Securities Brokers and Dealers and Investment Banks http://www.dropshippers.co.za/

Venture Capital Funds, Mezzanine Debt Funds, and Hedge Funds

Banks Versus Nondepository Institutions http://www.dropshippers.co.za/

Part IV: Financial System Architecture

Chapter 14. Understanding Financial Contracts

How Business Obtains Financing http://www.dropshippers.co.za/

The Economics of Financial Contracting

Chapter 15. The Regulation of Markets and Institutions

The Regulation of Financial Markets in the United States

The Regulation of Commercial Banks in the United States http://www.dropshippers.co.za/

Regulation of Nondepository Financial Intermediaries

Where Securities Market and Banking Regulation Meet: The Glass-Steagall Act, A Collapsing Barrier http://www.dropshippers.co.za/

Chapter 16. Financial System Design

Information and Financial System Design

Financial System Design: A Descriptive Summary of Germany, Japan, the United Kingdom, and the United States http://www.dropshippers.co.za/

Financial System Design and Conflict Resolution: Germany, Japan, the United Kingdom, and the United States

Financial System Design for Eastern Europe and Other Emerging Economies http://www.dropshippers.co.za/

Part V: The Art of Central Banking

Chapter 17. Who’s in Charge Here?

Formal Structure of the Federal Reserve System http://www.dropshippers.co.za/

The Realities of Power

The Problem of Federal Reserve Independence http://www.dropshippers.co.za/

Chapter 18. Bank Reserves and the Money Supply

Check Clearing and Collection

Deposit Expansion: The Single Bank http://www.dropshippers.co.za/

Deposit Expansion: The Banking System

Deposit Contraction http://www.dropshippers.co.za/

Appendix: The Complete Money Supply Process

Chapter 19. The Instruments of Central Banking

Reserve Requirements

Discounting and the Discount Rate http://www.dropshippers.co.za/

Open Market Operations

Chapter 20. Understanding Movements in Bank Reserves

The Fed’s Balance Sheet

The U.S. Treasury’s Monetary Accounts http://www.dropshippers.co.za/

The Bank Reserve Equation

Putting It All to Use http://www.dropshippers.co.za/

Appendix: Monetary Effects of Treasury Financing

Chapter 21. Monetary Policy Strategy

The FOMC Directive

The Fed’s Strategy http://www.dropshippers.co.za/

The Taylor Rule and the Fed’s Track Record

Part VI: Monetary Theory

Chapter 22. The Classical Foundations

Classical Economics http://www.dropshippers.co.za/

Aggregate Demand and Supply: A Summary

Real Versus Nominal Rates of Interest http://www.dropshippers.co.za/

Modern Modifications: Monetarists and New Classicists

Appendix: GDP Definitions and Relationships http://www.dropshippers.co.za/

Chapter 23. The Keynesian Framework

When Saving Doesn’t Equal Investment

Consumption and Simple GDP Determination http://www.dropshippers.co.za/

Government to the Rescue

Money and the Rate of Interest http://www.dropshippers.co.za/

Monetary Policy

Aggregate Demand and Supply http://www.dropshippers.co.za/

Chapter 24. The ISLM World

The LM Curve

The IS Curve http://www.dropshippers.co.za/

The Simultaneous Determination of Income and Interest: IS and LM Together

Monetary and Fiscal Policy http://www.dropshippers.co.za/

ISLM and Aggregate Demand

Appendix: The Simple Algebra of Income Determination http://www.dropshippers.co.za/

Chapter 25. Money and Economic Stability in the ISLM World

Monetary Policy, Fiscal Policy, and Crowing Out

Is the Private Sector Inherently Stable? http://www.dropshippers.co.za/

Flexible Prices, the Natural Rate of Interest, and Real Crowding Out

Appendix: Interest Rates Versus the Money Supply Under Uncertainty http://www.dropshippers.co.za/

Chapter 26. An Aggregate Supply and Demand Perspective on Money and Economic Stability

Is the Private Sector Inherently Stable?

Monetary Policy, Fiscal Policy, and Crowding Out http://www.dropshippers.co.za/

Inflation, Money, and the Phillips Curve

Inflation and Interest Rates http://www.dropshippers.co.za/

Should a Robot Replace the Federal Reserve?

Chapter 27. Rational Expectations: Theory and Policy Implications

When Are Expectations Rational?

Anticipated Versus Unanticipated Monetary Policy http://www.dropshippers.co.za/

Implications for Stabilization Policy

Inflation, the Phillips Curve, and Credibility http://www.dropshippers.co.za/

Interest Rates and Anticipated Monetary Policy

Chapter 28. Empirical Evidence on the Effectiveness of Monetary Policy

Living with Velocity

The Impact of Monetary Policy on GDP http://www.dropshippers.co.za/

Part VII: Grand Finale

Chapter 29. Tying It All Together

The Economic Indicators http://www.dropshippers.co.za/

Valuation, the Fed, and Market Reaction

Putting It All Together http://www.dropshippers.co.za/

• Glossary
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Index