UPDATED SUMMARY
BUSINESS AND
ECONOMICS
, lOMoARcPSD|845874
Summary Economics of Money, Banking, and Financial
Markets - Frederic S. Mishkin
Geld en Bankwezen (Universiteit van Amsterdam)
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Summary
Economics of Money,
Banking, and Financial
Markets
Frederic S. Mishkin
9th Edition
Distributing prohibited | Downloaded by mohamad alkhalil ()
, lOMoARcPSD|845874
Contents
1: Why study money, banking and financial markets? .................................................................... 2
2. An overview of financial system .................................................................................................... 5
3. What is money? ................................................................................................................................ 8
4. Understanding interest rates ........................................................................................................ 10
5. The behaviour of interest rates .................................................................................................... 14
6. The risk and term structure of interest rates ............................................................................. 22
7. The Stock Market, the Theory of Rational Expectations (RE) and the Efficient Market
Hypothesis (EMH) .............................................................................................................................. 28
8. Economic analysis of financial system ........................................................................................ 33
9. Financial crises and subprime meltdown .................................................................................... 37
10. Banking and management of financial instittutions ............................................................... 42
11. Economic analysis of financial regulation................................................................................. 50
12. Banking industry: structure and competition .......................................................................... 55
13. Goals and Structure of Central banks ....................................................................................... 59
14. Money supply process................................................................................................................. 67
15. Tools of Monetary Policy ............................................................................................................ 75
16. Conduct of Monetary Policy: Strategy and Tactics ................................................................ 82
17. Foreign exchange market ........................................................................................................... 87
18. International financial system .................................................................................................... 91
19. The demand for money ............................................................................................................... 96
20. The ISLM model ......................................................................................................................... 101
21. Monetary and Fiscal Policy in the IS-LM Model ................................................................... 109
22. Aggregate Demand and Supply Analysis ................................................................................ 118
23. Transmission Mechanisms of Monetary Policy: The Evidence ........................................... 124
24. Money and Inflation .................................................................................................................. 128
25. Rational Expectations: Implications for Policy ...................................................................... 135
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Distributing prohibited | Downloaded by mohamad alkhalil ()
BUSINESS AND
ECONOMICS
, lOMoARcPSD|845874
Summary Economics of Money, Banking, and Financial
Markets - Frederic S. Mishkin
Geld en Bankwezen (Universiteit van Amsterdam)
Distributing prohibited | Downloaded by mohamad alkhalil ()
, lOMoARcPSD|845874
Summary
Economics of Money,
Banking, and Financial
Markets
Frederic S. Mishkin
9th Edition
Distributing prohibited | Downloaded by mohamad alkhalil ()
, lOMoARcPSD|845874
Contents
1: Why study money, banking and financial markets? .................................................................... 2
2. An overview of financial system .................................................................................................... 5
3. What is money? ................................................................................................................................ 8
4. Understanding interest rates ........................................................................................................ 10
5. The behaviour of interest rates .................................................................................................... 14
6. The risk and term structure of interest rates ............................................................................. 22
7. The Stock Market, the Theory of Rational Expectations (RE) and the Efficient Market
Hypothesis (EMH) .............................................................................................................................. 28
8. Economic analysis of financial system ........................................................................................ 33
9. Financial crises and subprime meltdown .................................................................................... 37
10. Banking and management of financial instittutions ............................................................... 42
11. Economic analysis of financial regulation................................................................................. 50
12. Banking industry: structure and competition .......................................................................... 55
13. Goals and Structure of Central banks ....................................................................................... 59
14. Money supply process................................................................................................................. 67
15. Tools of Monetary Policy ............................................................................................................ 75
16. Conduct of Monetary Policy: Strategy and Tactics ................................................................ 82
17. Foreign exchange market ........................................................................................................... 87
18. International financial system .................................................................................................... 91
19. The demand for money ............................................................................................................... 96
20. The ISLM model ......................................................................................................................... 101
21. Monetary and Fiscal Policy in the IS-LM Model ................................................................... 109
22. Aggregate Demand and Supply Analysis ................................................................................ 118
23. Transmission Mechanisms of Monetary Policy: The Evidence ........................................... 124
24. Money and Inflation .................................................................................................................. 128
25. Rational Expectations: Implications for Policy ...................................................................... 135
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