Money, the Financial System, and the Economy / Edition 6

Money, the Financial System, and the Economy / Edition 6

by R. Glenn Hubbard
     
 

Hubbard demonstrates how we use economic tools to understand financial markets and institutions. In doing so, he helps students learn to interpret current events, predict future developments, and make better economic decisions. Introduction: Introducing Money and the Financial System; Money and the Payments System; Overview and the FinancialSee more details below

Overview

Hubbard demonstrates how we use economic tools to understand financial markets and institutions. In doing so, he helps students learn to interpret current events, predict future developments, and make better economic decisions. Introduction: Introducing Money and the Financial System; Money and the Payments System; Overview and 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 in 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. For all readers interested in money and banking.

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Product Details

ISBN-13:
9780321426703
Publisher:
Addison Wesley
Publication date:
07/27/2007
Series:
Pearson Custom Business Resources Series
Edition description:
New Edition
Pages:
768
Product dimensions:
7.93(w) x 9.98(h) x 1.54(d)

Table of Contents

1Introducing Money and the Financial System2
2Money and the Payments System14
3Overview of the Financial System35
4Interest Rates and Rates of Return66
5The Theory of Portfolio Allocation93
6Determining Market Interest Rates112
7Risk Structure and Term Structure of Interest Rates141
8The Foreign-Exchange Market and Exchange Rates172
9Derivative Securities and Derivative Markets204
10Information and Financial Market Efficiency227
11Reducing Transactions and Information Costs251
12What Financial Institutions Do276
13The Business of Banking307
14The Banking Industry341
15Banking Regulation: Crisis and Response372
16Banking in the International Economy403
17The Money Supply Process426
18Changes in the Monetary Base462
19Organization of the Federal Reserve System482
20Monetary Policy Tools503
21The Conduct of Monetary Policy529
22The International Financial System and Monetary Policy556
23The Demand for Money590
24Linking the Financial System and the Economy: The IS-LM-FE Model613
25Aggregate Demand and Aggregate Supply647
26Money and Output in the Short Run677
27Information Problems and Channels for Monetary Policy703
28Inflation: Causes and Consequences727

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