Money and Banking

Format:

Book

Author/Creator:

Wright, Robert E., author.

Language:

English

Subjects (All):

Business--Textbooks.

Business.

Accounting--Textbooks.

Accounting.

Finance--Textbooks.

Finance.

Economics--Textbooks.

Economics.

Physical Description:

1 online resource

Place of Publication:

[Place of publication not identified] Saylor Foundation [2012]

Language Note:

In English.

Summary:

The financial crisis of 2007-8 has already revolutionized institutions, markets, and regulation. Wright's Money and Banking V 2.0 captures those revolutionary changes and packages them in a way that engages undergraduates enrolled in Money and Banking and Financial Institutions and Markets courses. Minimal mathematics, accessible language, and a student-oriented tone ease readers into complex subjects like money, interest rates, banking, asymmetric information, financial crises and regulation, monetary policy, monetary theory, and other standard topics. Numerous short cases, called "Stop and Think" boxes, promote internalization over memorization. Exercise drills ensure basic skills competency where appropriate. Short, snappy sections that begin with a framing question enhance readability and encourage assignment completion. The 2.0 version of this text boasts substantive revisions (additions, deletions, rearrangements) of almost every chapter based on the suggestions of many Money and Banking instructors. Some specific highlights are: Chapter 11 now contains enhanced descriptions of recent regulatory changes, including Dodd-Frank, Chapter 12 is an entirely new chapter on derivatives covering forwards, futures, options, and swaps that also including comprehensive treatment of the causes and consequences of financial crises, and Chapter 14 has updated discussions of the Federal Reserve's monetary policy tools, including paying interest on reserves, and the structure and leadership of the European Central Bank. Recent financial turmoil has increased student interest in the financial system but simultaneously threatens to create false impressions and negative attitudes. This up-to-date text by a dynamic, young author encourages students to critique the financial system without rejecting its many positive attributes. Peruse the book online now to see for yourself if this book fits the needs of your course and students. This textbook has been used in classes at:Augustana College, Central Michigan University, Florida State University, Lyndon State College, Princeton University, Rutgers University, University of Southern Maine, Western Oregon University., Westminster College.

Contents:

Chapter 1: Money, Banking, and Your World

Chapter 2: The Financial System

Chapter 3: Money

Chapter 4: Interest Rates

Chapter 5: The Economics of Interest-Rate Fluctuations

Chapter 6: The Economics of Interest-Rate Spreads and Yield Curves

Chapter 7: Rational Expectations, Efficient Markets, and the Valuation of Corporate Equities

Chapter 8: Financial Structure, Transaction Costs, and Asymmetric Information

Chapter 9: Bank Management

Chapter 10: Innovation and Structure in Banking and Finance

Chapter 11: The Economics of Financial Regulation

Chapter 12: Financial Derivatives

Chapter 13: Financial Crises: Causes and Consequences

Chapter 14: Central Bank Form and Function

Chapter 15: The Money Supply Process and the Money Multipliers

Chapter 16: Monetary Policy Tools

Chapter 17: Monetary Policy Targets and Goals

Chapter 18: Foreign Exchange

Chapter 19: International Monetary Regimes

Chapter 20: Money Demand

Chapter 21: IS-LM

Chapter 22: IS-LM in Action

Chapter 23: Aggregate Supply and Demand and the Growth Diamond

Chapter 24: Monetary Policy Transmission Mechanisms

Chapter 25: Inflation and Money

Chapter 26: Rational Expectations Redux: Monetary Policy Implications

Notes:

Description based on online resource