Money, Banking and Financial Markets 1e
ISBN-13: 9780324176735 / ISBN-10: 0324176732
MONEY, BANKING AND FINANCIAL MARKETS is an upper-level undergraduate text that was written with the idea that the money and banking course should be the most interesting and timely course in an economics curriculum. It provides in-depth coverage of the fundamental topics, principles and issues found in a money and banking course: the nature and functions of money, financial institutions and markets, and banking structure and regulation. The nature and structure of the Federal Reserve System is thoroughly covered in this new text, along with instruments of central bank policy, determinants of the level and term structure of interest rates, stock prices, foreign exchange rates, and the nation's money supply.
Part I: INTRODUCTION.
1. Money, Banking, and Financial Markets: An Overview.
2. Money: Its Nature, Functions, and Evolution.
Part II: FINANCIAL MARKETS, INSTITUTIONS, AND INTEREST RATES.
3. Financial Markets and Instruments.
4. Financial Intermediation.
5. Interest Rate Determination.
6. The Term Structure and Risk Structure of Interest Rates.
7. The Stock Market.
8. The Foreign Exchange Market.
Part III: BANKING: STRUCTURE, REGULATION, AND DEPOSIT INSURANCE.
9. Commercial Banking.
10. The Banking Industry: Its Evolution, Structure and Regulation.
11. The Economics of Banking Regulation and Deposit Insurance.
Part IV: CENTRAL BANKING, THE FEDERAL RESERVE, AND THE MONEY SUPPLY PROCESS.
12. The Federal Reserve System: Its Structure and Functions.
13. The European Central Bank.
14. The Deposit Expansion Process: The Simple Analytics.
15. Money Supply Determination: The Monetary Base.
16. Money Supply Determination: The Money Supply Multiplier.
17. The Role of the Federal Reserve in the Great Depression of 1929-1933.
Part V: INSTRUMENTS, TARGETS, AND STRATEGIES OF CENTRAL BANKING POLICY.
18. The Tools of Federal Reserve Policy.
19. Conducting Monetary Policy: Ultimate Goals and Intermediate Targets.
Part VI: THE LINKAGE BETWEEN INTERMEDIATE TARGET VARIABLES AND ECONOMIC ACTIVITY.
20. The Aggregate Demand-Aggregate Supply Model.
21. The AD/AS Model and Post-1929 U.S. Macroeconomic History.
22. Money Demand and Velocity.
23. The Monetary Transmission Mechanism: How the Federal Reserve Policy Influences Economic Activity.
24. Differing Views on the Appropriate Conduct of Monetary Policy.
25. Inflation Targeting.
Lloyd Thomas, currently the chair of the Department of Economics at Kansas State University, received his BA from the University of Missouri and his Ph. D from North Western University. He has served as a visiting professor at the University of California-Berkeley, University of Delaware, and Indiana University-Bloomington. Dr. Thomas¿ research interests include empirical analysis of interest rates determination and various issues in macroeconomic policy. Recently he has been examining various aspects of inflation expectations and his work has appeared in Economic Letters, Journal of Economic Perspectives, Business Economics, and Quarterly Review of Economics and Finance.