Money, banking, and the financial system

Description

Content: Introducing money and the financial system -- Money and the payments system -- Interest rates and rates of return -- Determining interest rates -- The risk structure and term structure of interest rates -- The stock market, information, and financial market efficiency -- Derivatives and derivative markets -- The market for foreign exchange -- Transactions costs, asymmetric information, and structure of the financial system -- The economics of banking -- Beyond commercial banks : shadow banks and nonbank financial institutions -- Financial crises and financial regulation -- The federal reserve and central banking -- The federal reserve?s balance sheet and the money supply process -- Monetary policy -- The international financial system and monetary policy -- Monetary theory I : the aggregate demand and aggregate supply model -- Monetary theory II : the IS-MP model -- Glossary -- Index.