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Money, the Financial System, and the Economy

Опубликовано на портале: 31-08-2003
Boston: Addison Wesley Higher Education, 2002
The Fourth Edition of Money, the Financial System, and the Economy provides students with a clear focus on how economic principles illustrate the evolution and conduct of financial markets and institutions, and how the international developments within these markets and institutions relate to economic performance. The author, R. Glenn Hubbard, provides a timely perspective on key issues through the inclusion of relevant new data and up-to-the-minute real-world applications

The texts consistent theoretical approach and thorough coverage of contemporary events, institutions, and data offer students a well-balanced picture of the interactions among money, the financial system, and the economy. Within each part, the presentation develops economic models and then offers applications and analysis to help the student understand, evaluate, and predict financial events. Although related economic models are used throughout the book, instructors can easily use individual parts and chapters of the book independently. It is not necessary to cover the chapters in sequence.

Part 1: Introduction
1. Introducing Money and the Financial System
2. Money and the Payments System
3. Overview of the Financial System

Part 2: Interest rates
4. Interest Rates and Rates of Return
5. The Theory of Portfolio Allocation
6. Determining Market Interest Rates
7. Risk Structure and Term Structure of Interest Rates

Part 3: Financial markets
8. The Foreign-Exchange Market and Exchange Rates
9. Derivative Securities and Derivative Markets
10. Information and Financial Market Efficiency
11. Reducing Transactions Costs and Information Costs

Part 4: Financial institutions
12. What Financial Institutions Do
13. The Business of Banking
14. The Banking Industry
15. Banking Regulation: Crisis and Response
16. Banking and the International Economy

Part 5: The money supply process and monetary policy
17. The Money Supply Process
18. Changes in the Monetary Base
19. Organization of Central Banks
20. Monetary Policy Tools
21. The Conduct of Monetary Policy
22. The International Financial System and Monetary Policy

Part 6: The financial system and the macroeconomy
23. The Demand for Money
24. Linking the Financial System and the Economy: The IS-LM-FE Model
25. Aggregate Demand and Aggregate Supply
26. Money and Output in the Short Run
27. Information Problems and Channels for Monetary Policy
28. Inflation: Causes and Consequences

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