内容

目次

I. INTRODUCTION. Introducing Money and the Financial System. Money andthe Payments System. Overview of the Financial System. II. INTERESTRATES. Interest Rates and Rates of Return. The Theory of PortfolioAllocation. Determining Market Interest Rates. Risk Structure and TermStructure of Interest Rates. III. FINANCIAL MARKETS. TheForeign-Exchange Market and Exchange Rates. Derivative Securities andDerivative Markets. Information and Financial Market Efficiency.Reducing Transactions Costs and Information Costs. IV. FINANCIALINSTITUTIONS. What Financial Institutions Do. The Business of Banking.The Banking Industry. Banking Regulation: Crisis and Response. Bankingand the International Economy. V. THE MONEY SUPPLY PROCESS AND MONETARYPOLICY. The Money Supply Process. Changes in the Monetary Base.Organization of Central Banks. Monetary Policy Tools. The Conduct ofMonetary Policy. The International Financial System and MonetaryPolicy. VI. THE FINANCIAL SYSTEM AND THE MACROECONOMY. The Demand forMoney. Linking the Financial System and the Economy: The IS-LM-FEModel. Aggregate Demand and Aggregate Supply. Money and Output in theShort Run. Information Problems and Channels for Monetary Policy.Inflation: Causes and Consequences. Appendix: Inflation VersusUnemployment: The Phillips Curve. Glossary. Answer Section. Index.