Money, Banking and Financial Markets / Edition 1

by Lloyd Thomas

Overview

This upper level (junior/senior) undergraduate text addresses in-depth coverage of the key topics in an undergraduate money and banking course: the nature and functions of money, financial institutions, instruments and markets, evolution of the U.S. commercial banking industry, determinants of the level and term structure of interest rates, determination of the money supply, the nature and structure of the Federal Reserve System, instruments of central bank policy, intermediate targets and strategies of monetary policy, money demand and velocity, the transmission mechanism of monetary policy, and international finance. The text assumes that the only economics courses the students have taken are the Principles courses.

Product Details

ISBN-13:	9780324176735
Publisher:	Cengage Learning
Publication date:	01/05/2005
Series:	Available Titles CengageNOW Series
Edition description:	New Edition
Pages:	608
Product dimensions:	8.10(w) x 10.00(h) x 0.90(d)

About the Author

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.

Table of Contents

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.