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Money, Banking, and the Financial System CourseSmart eTextbook, 2nd Edition

By Glenn P. Hubbard, Anthony P. O'Brien

Published by Prentice Hall

Published Date: Feb 15, 2013

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Description

Hubbard and O'Brien provide extensive analysis of the financial events of the past few years.  These events are sufficiently important to be incorporated into the body of the text rather than just added as boxed-off features.   In particular, they stress the lesson policymakers recently learned the hard way:  What happens in the ever-expanding part of the financial system that does not involve commercial banks is of vital importance to the entire economy.

 

This exciting text presents students with the underlying economic explanations of why the financial system is organized as it is and how the financial system is connected to the broader economy.  Due to the overwhelming success of their principles of economics textbook, Hubbard and O'Brien have employed a similar approach in this textbook:  They provide students with a framework that allows them to apply the theory that they learn in the classroom to the practice of the real world.

Table of Contents

PART I. FOUNDATIONS

1. Introducing Money and the Financial System

2. Money and the Payments System

3. Interest Rates and Rates of Return

4. Determining Interest Rates

 

PART II. FINANCIAL MARKETS

5. The Risk Structure and Term Structure of Interest Rates

6. The Stock Market, Information, and Financial Market Efficiency

7. Derivatives and Derivative Markets

8. The Market for Foreign Exchange

 

PART III. FINANCIAL INSTITUTIONS

9. Transactions Costs, Asymmetric Information, and the Structure of the Financial System

10. The Economics of Banking

11. Investment Banks, Mutual Funds, Hedge Funds, and the Shadow Banking System

12. Financial Crises and Financial Regulation

 

PART IV. MONETARY POLICY

13. The Federal Reserve and Central Banking

14. The Federal Reserve’s Balance Sheet and the Money Supply Process

15. Monetary Policy

16. The International Financial System and Monetary Policy

 

PART V. THE FINANCIAL SYSTEM AND THE MACROECONOMY

17. Monetary Theory I: The Aggregate Demand and Aggregate Supply Model

18. Monetary Theory II: The IS—MP Model

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Money, Banking, and the Financial System CourseSmart eTextbook, 2nd Edition
Format: Safari Book

$97.99 | ISBN-13: 978-0-13-302166-0