Money, Banking, and the Financial System /
R. Glenn Hubbard and Anthony Patrick O'Brien
- 3rd Ed.
- New York Pearson Education, Inc 2018
- xxix, 690p. : ill. ; 26cm
It includes index and glossory
Money, Banking, and The Financial System, 3rd Edition, gets students excited about the extremely important topics of money, banking, and financial markets. In the past 10 years, virtually every aspect of how money is borrowed and lent, how banks and financial firms operate, and how policymakers regulate the financial system has changed. This text arms students with the the most up-to-date coverage of events to grasp these changes and navigate the current monetary and financial system.
Table of Contents
Part 1: 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 2: 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 3: Financial Institutions 9. Transactions Costs, Asymmetric Information, and the Structure of the Financial System 10. The Economics of Banking 11. Beyond Commercial Banks: Shadow Banks and Nonbank Financial Institutions 12. Financial Crises and Financial Regulation Part 4: 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 5: 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
9780134524061
Monetary policy; Money; Banks and banking; International finance; Finance; United States; Financial crises