Money, Banking, and Financial Markets

Name: Money, Banking, and Financial Markets
Price: 68.64 USD
Availability: InStock
ISBN: 9780716759348

ISBN-10: 0716759349

ISBN-13: 9780716759348

Edition: 2009

Authors: Laurence Ball

List price: $174.99

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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.

Book details

List price: $174.99
Copyright year: 2009
Publisher: Worth Publishers, Incorporated
Publication date: 12/12/2008
Binding: Hardcover
Pages: 608
Size: 8.25" wide x 10.24" long x 0.98" tall
Weight: 2.750
Language: English




Foundation



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



Financial Markets



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)



Securities Markets


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


Financial Crises