Nguồn ngoài

Finance, Banking, and Money

This book is designed to help you internalize the basics of money and banking. There is a little math, some graphs, and some sophisticated vocabulary, but nothing terribly difficult, if you put your brain to it. The text’s most important goal is to get you to think for yourselves.

Finance Business

Tác giả: Anonymous
Nhà xuất bản: LibreTexts
Nguồn: LibreTexts
Giấy phép: CC BY-NC-SA
Ngôn ngữ: EN
Danh mục: Kinh tế

Đọc trực tuyến Tải PDF (nguồn mở)

Mục lục· 159 mục

01: Money Banking and Your World
1.01: Dreams Dashed
1.02: Hope Springs
1.03: Suggested Browsing
1.04: Suggested Reading
02: The Financial System
2.01: Evil and Brilliant Financiers
2.02: Financial Systems
2.03: Asymmetric Information- The Real Evil
2.04: Financial Instruments
2.05: Financial Markets
2.06: Financial Intermediaries
2.07: Competition Between Markets and Intermediaries
2.08: Regulation
2.09: Suggested Reading
03: Money
3.01: Of Love Money and Transactional Efficiency
3.02: Better to Have Had Money and Lost It Than to Have Never Had Money at All
3.03: A Short History of Moolah
3.04: Commodity and Credit Monies
3.05: Measuring Money
3.06: Suggested Reading
04: Interest Rates
4.01: The Interest of Interest
4.02: Present and Future Value
4.03: Compounding Periods
4.04: Pricing Debt Instruments
4.05: Whats the Yield on That
4.06: Calculating Returns
4.07: Inflation and Interest Rates
4.08: Suggested Reading
05: The Economics of Interest-Rate Fluctuations
5.01: Interest Rate Fluctuations
5.02: Shifts in Supply and Demand for Bonds
5.03: Predictions and Effects
5.04: Suggested Reading
06: The Economics of Interest-Rate Spreads and Yield Curves
6.01: Interest-Rate Determinants I- The Risk Structure
6.02: The Determinants of Interest Rates II- The Term Structure
6.03: Suggested Reading
07: Rational Expectations Efficient Markets and the Valuation of Corporate Equities
7.01: The Theory of Rational Expectations
7.02: Valuing Corporate Equities
7.03: Financial Market Efficiency
7.04: Evidence of Market Efficiency
7.05: Suggested Reading
08: Financial Structure Transaction Costs and Asymmetric Information
8.01: The Sources of External Finance
8.02: Transaction Costs Asymmetric Information and the Free-Rider Problem
8.03: Adverse Selection
8.04: Moral Hazard
8.05: Agency Problems
8.06: Suggested Reading
09: Bank Management
9.01: The Balance Sheet
9.02: Assets Liabilities and T-Accounts
9.03: Bank Management Principles
9.04: Credit Risk
9.05: Interest-Rate Risk
9.06: Off the Balance Sheet
9.07: Suggested Reading
10: Innovation and Structure in Banking and Finance
10.01: Early Financial Innovations
10.02: Innovations Galore
10.03: Loophole Mining and Lobbying
10.04: Banking on Technology
10.05: Banking Industry Profitability and Structure
10.06: Suggested Reading
11: The Economics of Financial Regulation
11.01: Market Failures and Public Choice
11.02: The Great Depression as Regulatory Failure
11.03: The Savings and Loan Regulatory Debacle
11.04: Better but Still Not Good- U.S. Regulatory Reforms
11.05: Basel II Basel III and Dodd-Frank
11.06: Suggested Reading
12: Financial Derivatives
12.01: Derivatives and Their Functions
12.02: Forwards and Futures
12.03: Options and Swaps
12.04: Suggested Reading
13: Financial Crises- Causes and Consequences
13.01: Financial Crisis Taxonomies
13.02: Asset Bubbles
13.03: Financial Panics
13.04: Lender of Last Resort (LLR)
13.05: Bailouts and Resolutions
13.06: The Crisis of 2007-2009
13.07: Suggested Reading
14: Central Bank Form and Function
14.01: Americas Central Banks
14.02: The Federal Reserve Systems Structure
14.03: Other Important Central Banks
14.04: Central Bank Independence
14.05: Suggested Reading
15: The Money Supply Process and the Money Multipliers
15.01: The Central Banks Balance Sheet
15.02: Open Market Operations
15.03: A Simple Model of Multiple Deposit Creation
15.04: A More Sophisticated Money Multiplier for M1
15.05: The M2 Money Multiplier
15.06: Summary and Explanation
16: Monetary Policy Tools
16.01: The Federal Funds Market and Reserves
16.02: Open Market Operations and the Discount Window
16.03: The Monetary Policy Tools of Other Central Banks
16.04: Suggested Reading
17: Monetary Policy Targets and Goals
17.01: A Short History of Fed Blunders
17.02: Central Bank Goal Trade-offs
17.03: Central Bank Targets
17.04: The Taylor Rule
17.05: Suggested Reading
18: Foreign Exchange
18.01: The Economic Importance of Currency Markets
18.02: Determining the Exchange Rate
18.03: Long-Run Determinants of Exchange Rates
18.04: Short-Run Determinants of Exchange Rates
18.05: Modeling the Market for Foreign Exchange
18.06: Suggested Reading
19: International Monetary Regimes
19.01: The Trilemma or Impossible Trinity
19.02: Two Systems of Fixed Exchange Rates
19.03: The Managed or Dirty Float
19.04: The Choice of International Policy Regime
19.05: Suggested Reading
20: Money Demand
20.01: The Simple Quantity Theory and the Liquidity Preference Theory of Keynes
20.02: Friedmans Modern Quantity Theory of Money
20.03: The Policy Failure of the Modern Quantity Theory of Money
20.04: Suggested Reading
21: IS-LM
21.01: Aggregate Output and Keynesian Cross Diagrams
21.02: 21.2 The IS-LM Model
21.03: Suggested Reading
22: IS-LM in Action
22.01: Shifting Curves- Causes and Effects
22.02: Implications for Monetary Policy
22.03: Aggregate Demand Curve
22.04: Suggested Reading
23: Aggregate Supply and Demand and the Growth Diamond
23.01: Aggregate Demand
23.02: Aggregate Supply
23.03: Equilibrium Analysis
23.04: The Growth Diamond
23.05: Suggested Reading
24: Monetary Policy Transmission Mechanisms
24.01: Modeling Reality
24.02: How Important Is Monetary Policy
24.03: Transmission Mechanisms
24.04: Suggested Reading
25: Inflation and Money
25.01: Empirical Evidence of a Money-Inflation Link
25.02: Why Have Central Bankers So Often Gotten It Wrong
25.03: Suggested Reading
26: Rational Expectations Redux- Monetary Policy Implications
26.01: Rational Expectations
26.02: New Keynesians
26.03: Inflation Busting
26.04: Suggested Reading