Ritter, Lawrence S., Silber, W.L. 　著

内容

目次

Part 1 The basics: introducing money; money, the economy and inflation;financial instruments and markets; financial institutions - purposesand profile; calculating interest rates; the level of interest rates.Part 2 Intermediaries and banks: the regulation and structure ofdepository institutions; commercial bank asset and liabilitymanagement; nondeposit financial institutions; international banking;financial innovation; the payments system. Part 3 The art of centralbanking: who's in charge here?; bank reserves and the money supply; theinstruments of central banking; understanding movements in bankreserves; hitting the monetary targets; budget deficits and the moneysupply. Part 4 Monetary theory: the foundations of monetarism; theKeynesian framework; the ISLM world; monetarists and Keynesians in theISLM world; monetarists and Keynesians - an aggregate supply and demandperspective; rational expectations - theory and policy implications;empirical evidence on the effectiveness of monetary policy. Part 5Financial markets and interest rates: risk and portfolio choice; flowof funds accounting - a framework for financial analysis; the structureof interest rates; the structure and performance of securities markets;the government securities market; other fixed-income markets -corporate bonds, municipals, and mortgages; equities, the stock marketand interest rates; financial futures and options. Part 6 Internationalfinance: foreign exchange rates; fixed versus floating exchange rates;balance of payments accounting; the gold standard; epilogue - careersin banking and financial markets.