Money and Banking: An International Text

ISBN-13: 9780415775472 / Angielski / Miękka / 2009 / 252 str.

Robert Eyler

Opis

This book focuses on the core issues in money and banking. By using simple applications for anyone that understands basic economics, the lessons in the book provide any student or reader with a background in how financial markets work, how banks as businesses function, how central banks make decisions, and how monetary policy affects the global economy. Money and Banking is split into sections based on subject matter, specifically definitions and introductions, financial markets, microeconomic issues, macroeconomy policy, and international finance. It also covers: - derivative and currency markets - the microeconomics of banking - trade and currency movements - asymmetric information and derivative markets - the future of financial markets and their participants By providing a mix of microeconomic and macroeconomic applications, focusing on both international examples and open economy macroeconomics, this book reduces the minutiae seen in competing books. Each chapter provides summaries of what should be learned along the way and why the chapter's topic is important, regardless of current events. For undergraduate business, economics or social science students otherwise, this book is a concise source of information on money, banking and financial markets.

This textbook introduces the student to the ins and outs of money, banking, financial markets and international macroeconomics, and show how these subjects tie together. It is perfect for undergraduate courses in money and banking, monetary theory or central banking. Special features include:

• a concentration on the microfoundations of money and banking, with an emphasis on banks and financial institutions as businesses, employing analysis from industrial organization, microeconomic theory and game theory
• a properly international perspective and a recognition that banks and other firms operate across borders.
• An examination of how money moves through our economy and an exposition of finance as a fluid, dynamic phenomenon

The book is supplemented with a supporting website, a host of real world case studies and stimulating questions for discussion.

Spis treści

1. Understanding Money  2. Interest Rates and Financial Markets  3. Risk and Risk Aversion  4. Equity Markets, Stock Markets and Real Estate  5. Derivative Asset and Insurance Markets  6. Financial Intermediaries  7. The Microeconomics of Banking  8. Connections between Commercial and Central Banking  9. The Domestic Market for Money  10. Money, Employment, Inflation and Expectations  11. Money and the Macroeconomy  12. Monetary Policy in the Open Macroeconomy  13. The World Economy and Monetary Policy Choices  14. The Future of Banking, Private and Central

O autorze

Robert Eyler is Professor and Chair of Economics at Sonoma State University, and has been a visiting scholar at both the University of Bologna and Stanford University. He has a PhD in economics from University of California, Davis, USA.