Money, the financial system, and the economy

Bibliographic Information

Money, the financial system, and the economy

R. Glenn Hubbard

(Addison-Wesley series in economics)

Addison-Wesley, c2000

3rd ed

  • : hc
  • : pbk., internatinal ed

Available at  / 30 libraries

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Includes index

Description and Table of Contents

Description

Thoroughly up-to-date, heavily applied money and banking textbook with a highly effective unifying theme of risk, liquidity, and information; systematic attention to important international developments, including the Asian financial crisis and the establishment of the European economic union. Emphasis on learning to apply the material -- through such features as "Moving from Theory to Practice, "Using the News," "Case Studies," and "Checkpoints" - is outstanding and teaches the students a very valuable skill.

Table of Contents

I. INTRODUCTION. Introducing Money and the Financial System. Money and the Payments System. Overview of the Financial System. II. 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. III. 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. IV. FINANCIAL INSTITUTIONS. What Financial Institutions Do. The Business of Banking. The Banking Industry. Banking Regulation: Crisis and Response. Banking and the International Economy. V. 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. VI. 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. Appendix: Inflation Versus Unemployment: The Phillips Curve. Glossary. Answer Section. Index.

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