The Economics of Money, Banking, and Financial Markets PDF Download

Author: Frederic S. Mishkin
Publisher: Pearson Education
ISBN: 9780321454225
Category : Banks and banking
Languages : en
Pages : 4

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Book Description
Economics of Money, Banking, and Financial Markets heralded a dramatic shift in the teaching of the money and banking course in its first edition, and today it is still setting the standard. By applying an analytical framework to the patient, stepped-out development of models, Frederic Mishkin draws students into a deeper understanding of modern monetary theory, banking, and policy. His landmark combination of common sense applications with current, real-world events provides authoritative, comprehensive coverage in an informal tone students appreciate.

Author: Davide S. Hakes
Publisher: Prentice Hall
ISBN: 9780132769426
Category : Banks and banking
Languages : en
Pages : 0

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Book Description
This product accompanies: Mishkin, Economics of Money, Banking and Financial Markets, The: The Business School Edition: International Edition, 3/EThe Economics of Money, Banking, and Financial Markets set the standard for money and banking courses when it published in its first edition, and it continues to be the worldwide market leader. For professors who teach with less emphasis on monetary theory and prefer to focus more time on financial institutions, the Business School Edition is an ideal alternative. By applying a unified analytical framework to the models, Mishkin makes theory intuitive for students, and the rich array of current, real-world events keeps students motivated. Authoritative, comprehensive, and flexible, the text is easy to integrate into a wide variety of syllabi, and its ancillaries provide complete support when teaching the course. This edition continues to expand on the discussion of the current financial crisis.

Author: Dale K. Cline
Publisher: Routledge
ISBN: 100055256X
Category : Business & Economics
Languages : en
Pages : 191

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Book Description
This innovative text offers an introduction to money, banking, and financial markets, with a special emphasis on the importance of confidence and trust in the macroeconomic system. It also presents the theory of endogenous money creation, in contrast to the standard money multiplier and fractional reserve explanation found in other textbooks. The U.S. economy and financial institutions are used to explain the theoretical and practical framework, with international examples weaved in throughout the text. It covers key topics including monetary policy, fiscal policy, accounting principles, credit creation, central banks, and government treasuries. Additionally, the book considers the international economy, including exchange rates, the Eurozone, Chinese monetary policy, and reserve currencies. Taking a broad look at the financial system, it also looks at banking regulation, cryptocurrencies, real estate, and the oil and gold commodity markets. Students are supported with chapter objectives, key terms, and problems. A test bank is available for instructors. This is an accessible introductory textbook for courses on money and banking, macroeconomics, monetary policy, and financial markets.

Author: Laurence Ball
Publisher: Macmillan
ISBN: 1429244097
Category : Business & Economics
Languages : en
Pages : 661

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Book Description
The breakthrough text that closes the gap between economic theory and the day-to-day behaviour of banks and financial markets. Working from a macro framework based on the Fed's use of interest rate, Ball presents the core concepts necessary to understand the problems of the stock market and the causes of recessions and banking crises

Author: Joseph Wang
Publisher: Joseph Wang
ISBN: 0999136755
Category : Business & Economics
Languages : en
Pages : 196

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Book Description
Central banking is magic. With a few words, the Fed can lift the stock market out of desperation and catapult it towards euphoric highs. With a few keystrokes, the Fed can conjure up trillions of dollars and fund virtually unlimited Federal spending. And with a few poor decisions, the Fed can plunge the entire world into a recession. The Federal Reserve is one of the most powerful institutions in the world, and also one of the most difficult to understand. The Fed acts through its Open Markets Desk, which sits at the heart of the global financial system as the world’s ultimate and limitless provider of dollars. On behalf of policy makers, the Desk gathers market intelligence from all the major market participants, sifts through reams of internal data, and works behind the scenes keep the financial system intact. It is responsible for all of the Fed's market operations, from trillions in quantitative easing to hundreds of billions in repo and FX-swap loans. The financial crises of 2008 and 2020 abated only through the emergency interventions of the Desk. Joseph Wang spent five years studying the monetary system as a trader on the Desk. From that vantage point, Joseph saw firsthand how the Fed operates and how the financial system really works. This book is a distillation of his experience that aims to educate and demystify. After reading this book, you will understand how money is created, how the global dollar system is structured, and how it all fits into the broader financial system. The views in this book do not necessarily reflect those of the Federal Reserve Bank of New York or the Federal Reserve System.

Author: Lloyd Thomas
Publisher: Cengage Learning
ISBN: 9780324176735
Category : Business & Economics
Languages : en
Pages : 600

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Book Description
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. Important Notice: Media content referenced within the product description or the product text may not be available in the ebook version.

Author: M. H. A. Davis
Publisher:
ISBN: 0198787944
Category : Business & Economics
Languages : en
Pages : 161

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Book Description
Now a vital part of modern economies, the rapid growth of the finance industry in recent decades is largely due to the development of mathematical methods such as the theory of arbitrage. Asset valuation, credit trading, and fund management, now depend on these mathematical tools. Mark Davis explains the theories and their applications.

Author: Michael R. Baye
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 870

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Book Description
Taking a modern approach to money and banking, this text uses core microeconomic and macroeconomic concepts to explain the structure and behaviour of banks. A microeconomic perspective focuses on the bank as a firm, inviting students to view the behaviour of banks through, for example, the prism of supply-and-demand analysis and the economics of information and game theory. Integrated international coverage aims to foster students' appreciation of the global dimensions of money and banking.

Author: Michael W. Brandl
Publisher:
ISBN: 9789814896948
Category : Banks and banking
Languages : en
Pages : 556

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Book Description

Author: Andrada Bilan
Publisher: Palgrave Macmillan
ISBN: 9783030268435
Category : Business & Economics
Languages : en
Pages : 0

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Book Description
The traditional role of a bank was to transfer funds from savers to investors, engaging in maturity transformation, screening for borrower risk and monitoring for borrower effort in doing so. A typical loan contract was set up along six simple dimensions: the amount, the interest rate, the expected credit risk (determining both the probability of default for the loan and the expected loss given default), the required collateral, the currency, and the lending technology. However, the modern banking industry today has a broad scope, offering a range of sophisticated financial products, a wider geography -- including exposure to countries with various currencies, regulation and monetary policy regimes -- and an increased reliance on financial innovation and technology. These new bank business models have had repercussions on the loan contract. In particular, the main components and risks of a loan contract can now be hedged on the market, by means of interest rate swaps, foreign exchange transactions, credit default swaps and securitization. Securitized loans can often be pledged as collateral, thus facilitating new lending. And the lending technology is evolving from one-to-one meetings between a loan officer and a borrower, at a bank branch, towards potentially disruptive technologies such as peer-to-peer lending, crowd funding or digital wallet services. This book studies the interaction between traditional and modern banking and the economic benefits and costs of this new financial ecosystem, by relying on recent empirical research in banking and finance and exploring the effects of increased financial sophistication on a particular dimension of the loan contract.