Money, Banking, and Financial Markets
List price: $174.99
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Description: This textbook covers current events and key policy issues. A strong emphasis is given to basic finance issues, such as the stock market debate, as well as the macroeconomics theory, and monetary policies.
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All the information you need in one place! Each Study Brief is a summary of one specific subject; facts, figures, and explanations to help you learn faster.
List price: $174.99
Copyright year: 2009
Publisher: Worth Publishers, Incorporated
Publication date: 12/12/2008
Size: 8.25" wide x 10.00" long x 1.00" tall
|The Financial System|
|The financial system and its fundamental roles: channeling funds from savers to investors, and helping savers reduce risk|
|The problem of asymmetric information in the financial system and how banks help overcome this problem|
|The influence of a healthy financial system on economic growth|
|Money and the Central Bank|
|Money: what it is (its role as the medium of exchange), the types of money (commodity money vs. fiat money), and how the money supply is measured|
|The central banks and their roles in the economy|
|Asset Prices and Interest Rates|
|Classical theory that asset prices are determined by the present value of asset income|
|Possible deviations from the classical theory: asset-price bubbles and crashes|
|Computing the rates of return on assets, and real and nominal interest rates|
|What Determines Interest Rates?|
|Determinants of the overall level of interest rates in an economy|
|Why different types of bonds and loans have different interest rates|
|The supply of and demand for loans (loanable funds theory) and the supply of and demand for money (liquidity preference theory)|
|Primary reasons for differences among interest rates (default risk and maturity)|
|How stocks and bonds are issued in primary markets and traded in secondary markets|
|Firmsï¿½ï¿½ï¿½ choices of which securities to issue (their capital structure) and saversï¿½ï¿½ï¿½ choices of which securities to buy (their asset allocati|