The economics of money, banking, and financial markets
Author(s)
Bibliographic Information
The economics of money, banking, and financial markets
(The HarperCollins series in economics)
HarperCollins College Publishers, c1995
4th ed
- student ed.
- free copy ed.
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Note
Includes index
Description and Table of Contents
Description
Students are given in this book simple economic concepts that build a unifying analytic framework for interpretation. This framework enables students to critically evaluate and understand such things as why and how markets are set up as well as what role money and information play in the economy. Mishkin also provides step-by-step development of models that aid in student learning. To help students apply this knowledge to the everyday world, this text contains applications to financial events and policy issues. This new edition also prepares students to enter the global financial arena with an increased integration and focus on international events and issues. The major revision includes a more integrated approach to understanding financial structure and institutions that makes it easier to see the nature of the financial system and the pressure to innovate; a revised bank management chapter that brings in the consequences of the new rules on capital adequacy, and many new real-world applications.
Table of Contents
- Part 1 Why study money, banking and financial markets?
- an overview of the financial system
- what is money? Part 2 Financial markets: understanding interest rates
- portfolio choice
- the theory of asset demand
- the behaviour of interest rates
- the risk and term structure of interest rates
- the foreign exchange market. Part 3 Financial institutions: an economic analysis of financial structure
- financial innovation
- the banking firm and bank management
- the banking industry
- an industry in transition
- the crisis in banking regulation
- nonbank financial institutions. Part 4 The money supply process
- multiple deposit creation: introducing the money supply process
- determinants of the money supply
- explaining depositor and bank behaviour
- the complete money supply model. Part 5 The federal reserve system and the conduct of monetary policy
- the structure of the federal reserve system
- understanding movements in the monetary base
- the tools of monetary policy
- the conduct of monetary policy
- targets and goals
- the international financial system and monetary policy. Part 6 Monetary theory: the demand for money
- the Keynesian framework and the ISLM model
- monetary and fiscal policy in the ISLM model
- aggregate demand and supply analysis
- money and inflation
- money and economic activity
- the empirical evidence
- the theory of rational expectations and efficient capital markets
- rational expectations
- implications for policy.
by "Nielsen BookData"