Cecchetti, Stephen G.

Money, banking, and financial markets / Stephen G. Cecchetti, Kermit L. Schoenholtz. - 5th ed. - New York : McGraw-Hill Education, 2017. - 678, [29] p. : ill.

Includes bibliographical references and index.

Contents : Money and the financial system -- An introduction to money and the financial system --Money and the payments system -- Interest rates, financial instruments, and financial markets -- Future value, present value, and interest rates -- Bonds, bond prices, and the determination of interest rates -- The risk and term structure of interest rates -- Stocks, stock markets, and market efficiency -- Derivatives: futures, options, and swaps -- Foreign exchange -- Financial institutions -- The economics of financial intermediation -- Depository institutions: banks and bank management -- Financial industry structure --Regulating the financial system -- Central banks, monetary policy, and financial stability -- Central banks in the world today -- The structure of central banks: the federal reserve and the european central bank -- The central bank balance sheet and the money supply process -- Monetary policy: stabilizing the domestic economy -- Exchange-rate policy and the central bank -- Money growth, money demand, and modern monetary policy -- Output, inflation, and monetary policy -- Modern monetary policy and the challenges facing central bankers -- Glossary -- Photo credits -- Index.


9781259922251 (pbk. : inter. ed.)

Banks and banking.
Capital market.

332 / Ce387M 2017