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Money, banking, financial markets & institutions için kapak resmi
Başlık:
Money, banking, financial markets & institutions
Yazar:
Brandl, Michael W. author
ISBN:
9780538748575
Yazar Ek Girişi:
Basım Bilgisi:
1st edition.
Fiziksel Tanımlama:
527 pages : photo ; 27 cm.
Genel Not:
Includes index.
İçerik:
Machine generated contents note: ch. 1 Introduction -- 1-1.Why Study This Stuff? -- 1-2.The Key Components -- 1-2a.Money and Financial Assets -- 1-2b.Financial Markets -- 1-2c.Central Banks -- 1-2d.Banking System and Financial Institutions -- ch. 2 Money, Money Supply, and Interest -- 2-1.The Concept Of Money -- 2-1a.Money Defined -- 2-1b.Functions of Money -- 2-2.Amount Of Money And Money Through Time -- 2-2a.The Amount of Money Matters -- 2-2b.Money Through Time -- 2-3.Money Supplies -- 2-3a.Monetary Aggregates -- 2-4.The Price Of Money: Interest Rates -- 2-4a.Time Value of Money -- 2-4b.Present Value -- 2-5.Conclusion -- ch. 3 Bonds And Loanable Funds -- 3-1.Bonds Defined And Explained -- 3-1a.Bonds Defined -- 3-2.Bond Prices And Yields -- 3-2a.Price of Bonds -- 3-3.Supply And Demand For Bonds -- 3-3a.The Supply of Bonds -- 3-3b.Change in the Supply of Bonds -- 3-3c.The Demand for Bonds -- 3-3d.Change in the Demand for Bonds -- 3-3e.Equilibrium in the Bond Market -- Note continued: 3-3f.New Equilibrium in the Bond Market -- 3-4.Supply And Demand For Loanable Funds -- 3-4a.The Supply of Loanable Funds -- 3-4b.The Demand for Loanable Funds -- 3-4c.New Equilibrium in the Loanable Funds Market -- 3-5.The Bond Market And Loanable Funds Market Compared -- 3-5a.The Fisher Effect -- 3-5b.Business Cycles and Confidence -- 3-6.Conclusion -- ch. 4 Interest Rates in More Detail -- 4-1.Interest Rates In More Detail And Default Risk -- 4-1a.Default Risk -- 4-1b.Calculating DRP -- 4-1c.Comparing Default Risk of Different Financial Instruments -- 4-2.Real Versus Nominal: The Role Of Inflation -- 4-2a.Why We Worry About Inflation -- 4-2b.Real Versus Nominal Interest Rates -- 4-2c.Ex Post Versus Ex Ante -- 4-2d.Example of Ex Ante Versus Ex Post -- 4-3.Taxes -- 4-3a.Before- and After-Tax Returns -- 4-3b.Municipal Bonds and Taxes -- 4-4.Yield Curves -- 4-4a.Yield Curve Graph -- 4-4b.Yield Curve Facts -- 4-4c.Pure Expectations Theory -- Note continued: 4-4d.Term Premium Theory -- 4-4e.Segmented Market Theory -- 4-5.Yield Curve Applications -- 4-5a.Inverted Yield Curve -- 4-5b.Steep Yield Curve -- 4-5c.Flat Yield Curve -- 4-6.Conclusion -- ch. 5 Financial Markets Through Time -- 5-1.US Financial Markets In The Early Twentieth Century -- 5-1a.The Early Twentieth Century -- 5-1b.The Panic of 1907 -- 5-2.Federal Reserve In The Early Days -- 5-2a.Early Structure of the Federal Reserve -- 5-2b.Financial Markets During the Great Depression -- 5-3.Financial Markets During World War II -- 5-3a.Preparing for War -- 5-3b.Funding the War Effort -- 5-3c.Controlling Inflation During the War -- 5-4.Postwar Boom: Home Mortgages, Consumerism, And European Unification -- 5-4a.Financial Markets Help Fund the "American Dream" -- 5-4b.Push for European Economic and Financial Integration -- 5-5.Effects Of Stagflation And The Reagan/Thatcher Revolution On Financial Markets -- 5-5a.The Rise of Stagflation -- Note continued: 5-5b.Paul Volcker -- 5-5c.Reagan and Thatcher -- 5-6.Savings & Loans And Junk Bonds -- 5-6a.The Savings & Loan Crisis -- 5-6b.Leveraged Buyouts and Junk Bonds -- 5-7.Conclusion -- ch. 6 Aggregate Supply And Aggregate Demand -- 6-1.Introduction And Keynes's Aggregate Demand -- 6-1a.Keynes's Challenge -- 6-1b.Keynes's Aggregate Demand -- 6-2.Shifts In Aggregate Demand -- 6-2a.Changes in Consumption -- 6-2b.Changes in Investment -- 6-2c.Changes in Government Spending -- 6-2d.Changes in Net Exports -- 6-2e.Changes in the Money Supply -- 6-2f.Keynes's Spending Multiplier -- 6-3.Aggregate Supply -- 6-3a.Keynes's Original Aggregate Supply Curve -- 6-3b.Keynesian Three-Part Aggregate Supply -- 6-4.The Rational Expectations Approach To AS/AD -- 6-4a.Changing Assumptions -- 6-4b.A Different Approach to Aggregate Supply -- 6-5.Business Cycles -- 6-5a.Bringing Together Aggregate Demand, SRAS, and LRAS -- 6-5b.Business Cycles: How Fast Do Gaps Close? -- Note continued: 6-6.Conclusion -- ch. 7 Banks And Money -- 7-1.Why Banks Exist: Asymmetric Information -- 7-1a.Asymmetric Information -- 7-2.Adverse Selection In Financial Markets -- 7-2a.Overcoming Adverse Selection in Financial Markets -- 7-3.Moral Hazard -- 7-3a.Moral Hazard in Corporate Governance -- 7-3b.Moral Hazard in Financial Markets -- 7-3c.Overcoming the Moral Hazard Problem in Financial Markets -- 7-4.What Banks Do -- 7-4a.Provide Liquidity -- 7-4b.Reduce Transaction Costs -- 7-4c.Block Lending -- 7-5.Simple Deposit Multiplier -- 7-5a.Day 1 at Anchor Bank -- 7-5b.Day 2 at Anchor Bank -- 7-6.What The Simple Deposit Multiplier Tells Us And Its Problems -- 7-6a.Banks Create and Destroy Money -- 7-6b.Banks Are Subject to Bank Runs -- 7-6c.If Banks Don't Lend -- 7-6d.If There Is a Lack of Banks -- 7-6e.Problems with the Simple Deposit Multiplier -- 7-7.Conclusion -- ch. 8 Central Banks -- 8-1.Evolution Of The Fed -- 8-1a.Evolution of the Federal Reserve -- Note continued: 8-2.Current Structure Of The Fed -- 8-2a.The Chair -- 8-2b.Board of Governors -- 8-2c.Federal Reserve District Banks -- 8-2d.Federal Open Market Committee -- 8-3.Responsibilities, Functions, And Balance Sheet Of The Fed -- 8-3a.Responsibilities of the Fed -- 8-3b.The Fed's Balance Sheet -- 8-4.Other Central Banks: Bank Of Japan And Bank Of England -- 8-4a.Bank of Japan -- 8-4b.Bank of England -- 8-5.Other Central Banks: European Central Bank And Bank Of Canada -- 8-5a.European Central Bank -- 8-5b.Bank of Canada -- 8-6.Conclusion -- ch. 9 Monetary Policy Tools -- 9-1.Overview -- 9-1a.Open Market Operations as a Monetary Tool -- 9-2.Monetary Policy Tools: Discount Window And Term Auction Facility -- 9-2a.When Traditional Policies Fail -- 9-3.Monetary Policy Tools: Emergency Lending, Quantitative Easing, And The Required Reserve Ratio -- 9-3a.Emergency Lending -- 9-3b.Quantitative Easing -- 9-3c.Required Reserve Ratio -- Note continued: 9-4.Problem With Tools: Money Demand -- 9-4a.Irving Fisher on Money Demand -- 9-4b.John Maynard Keynes on Money Demand -- 9-5.Problems With Tools: Liquidity Traps And Budget Deficits -- 9-5a.Liquidity Traps -- 9-5b.Government Budget Deficits and Monetary Policy -- 9-6.Tools Of The European Central Bank -- 9-6a.ECB's OMO: Tenders and Reserve Transactions -- 9-6b.ECB's Deposit Facility -- 9-6c.ECB's Minimum Reserve Requirements -- 9-7.Conclusion -- ch. 10 The Money Supply Process -- 10-1.The Money Supply Process -- 10-1a.Monetary Base -- 10-1b.Changes in the Monetary Base -- 10-2.More Changes In The Monetary Base And The Money Supply Multiplier -- 10-2a.How the Nonbank Public Affects the Monetary Base -- 10-2b.How the Treasury Affects the Monetary Base -- 10-2c.Deriving the Money Multiplier -- 10-3.Changes In Variables Of The Money Supply Multiplier And The Great Recession -- 10-3a.Change in the Currency Ratio -- 10-3b.Change in the Excess Reserves Ratio -- Note continued: 10-3c.Change in the Required Reserves Ratio -- 10-3d.Money Supply Process and Quantitative Easing -- 10-4.Conclusion -- ch. 11 Monetary Policy and Debates -- 11-1.Monetary Policy And Debates -- 11-1a.Goals of Monetary Policy -- 11-2.More Goals Of Monetary Policy -- 11-2a.High Employment Goal -- 11-26.Financial Market Stability: Interest Rates and Exchange Rates -- 11-3.More Debates Over Monetary Policy -- 11-3a.Central Bank Independence -- 11-3b.Instruments and Targets -- 11-4.Taylor Rule -- 11-4a.Taylor Rule and Inflation -- 11-4b.Taylor Rule and Output Gap -- 11-4c.Mankiw Rule: An Alternative to the Taylor Rule -- 11-5.Monetary Policy And The Crisis -- 11-6.Conclusion -- ch. 12 Bank Management -- 12-1.Bank Management: Balance Sheets -- 12-1a.Asset Transformation -- 12-1b.Bank Management: The Big Picture -- 12-2.Bank Deposits And Other Liabilities -- 12-2a.Transaction Deposits -- 12-2b.Nontransaction Accounts -- 12-2c.Other Liabilities -- Note continued: 12-3.Bank Loans And Other Assets -- 12-3a.Cash -- 12-3b.Securities -- 12-3c.Bank Loans -- 12-4.Off Balance Sheet Activities -- 12-4a.Commercial Letters of Credit -- 12-4b.Standby Letters of Credit -- 12-4c.F
Özet:
Unlike other Money and Banking texts, where the discussion of the macroeconomy is left to the end in a confusing blur of IS-LM and AS-AD models, Brandl's MONEY, BANKING, FINANCIAL MARKETS AND INSTITUTIONS examines the macroeconomy early. The author does so in a clear concise manner using only the AS-AD framework. With the recent economic crisis as a backdrop, the book demonstrates links between the macroeconomic course work that students have just completed and your money and banking course. While other similar books gloss over important topics, such as money markets and investments, this text examines these markets and entities using an interesting, thought-provoking approach. The author goes beyond merely describing these market and institutions to bring these concepts to life by examining the economic foundations of these markets and the controversies within them. Accompanying MindTap with Aplia™ online tools further enhance the book's student-oriented approach.
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