Money, Financial Institutions and Macroeconomics

Money, Financial Institutions and Macroeconomics PDF

Author: Avi Cohen

Publisher: Springer Science & Business Media

Published: 2012-12-06

Total Pages: 299

ISBN-13: 9401153620

DOWNLOAD EBOOK →

Money, Financial Institutions and Macroeconomics presents a comparative and international perspective on the current state of research in monetary theory, and the application of monetary theory to important policy issues. The main emphasis is on views stressing the importance of credit creation in the monetary process, in a tradition which arguably encompasses Wicksell, the later Swedes and the Austrians, through the later Hicks, the circuit school and contemporary post-Keynesians. In addition, however, there are distinguished contributions from economists with a more `mainstream' approach to the issues. The book is subdivided into four main parts: Part I reviews the theory of a monetary and credit economy; Part II explores alternative views on money and credit; Part III deals with monetary policy issues in North America; and Part IV discusses monetary policy issues in Europe. `Taken together, the contributions to this volume certainly bear out Hick's famous adage about the much closer relationship between `monetary theory' and `monetary history' than is the case in other branches of economic thought.'

Money, Banking, and Financial Markets

Money, Banking, and Financial Markets PDF

Author: Dale K. Cline

Publisher: Routledge

Published: 2022-03-22

Total Pages: 191

ISBN-13: 100055256X

DOWNLOAD EBOOK →

This innovative text offers an introduction to money, banking, and financial markets, with a special emphasis on the importance of confidence and trust in the macroeconomic system. It also presents the theory of endogenous money creation, in contrast to the standard money multiplier and fractional reserve explanation found in other textbooks. The U.S. economy and financial institutions are used to explain the theoretical and practical framework, with international examples weaved in throughout the text. It covers key topics including monetary policy, fiscal policy, accounting principles, credit creation, central banks, and government treasuries. Additionally, the book considers the international economy, including exchange rates, the Eurozone, Chinese monetary policy, and reserve currencies. Taking a broad look at the financial system, it also looks at banking regulation, cryptocurrencies, real estate, and the oil and gold commodity markets. Students are supported with chapter objectives, key terms, and problems. A test bank is available for instructors. This is an accessible introductory textbook for courses on money and banking, macroeconomics, monetary policy, and financial markets.

Banks and Finance in Modern Macroeconomics

Banks and Finance in Modern Macroeconomics PDF

Author: Bruna Ingrao

Publisher: Edward Elgar Publishing

Published: 2019

Total Pages: 456

ISBN-13: 178643153X

DOWNLOAD EBOOK →

The world financial crisis of 2007–2008 dramatically showed the importance of credit and financial relations for the efficient working of the economy. For a long time mainstream macroeconomics ignored these aspects and concentrated only on the real sector or just took into account the most elementary picture of the financial side of the economy. This book aims at explaining why this happened through an historical excursion of 20th century mainstream macroeconomic theory.

The Theory of Money and Financial Institutions

The Theory of Money and Financial Institutions PDF

Author: Martin Shubik

Publisher: MIT Press

Published: 1999

Total Pages: 472

ISBN-13: 9780262693110

DOWNLOAD EBOOK →

This first volume in a three-volume exposition of Shubik's vision of "mathematical institutional economics" explores a one-period approach to economic exchange with money, debt, and bankruptcy. This is the first volume in a three-volume exposition of Martin Shubik's vision of "mathematical institutional economics"--a term he coined in 1959 to describe the theoretical underpinnings needed for the construction of an economic dynamics. The goal is to develop a process-oriented theory of money and financial institutions that reconciles micro- and macroeconomics, using as a prime tool the theory of games in strategic and extensive form. The approach involves a search for minimal financial institutions that appear as a logical, technological, and institutional necessity, as part of the "rules of the game." Money and financial institutions are assumed to be the basic elements of the network that transmits the sociopolitical imperatives to the economy. Volume 1 deals with a one-period approach to economic exchange with money, debt, and bankruptcy. Volume 2 explores the new economic features that arise when we consider multi-period finite and infinite horizon economies. Volume 3 will consider the specific role of financial institutions and government, and formulate the economic financial control problem linking micro- and macroeconomics.

The Financial System and the Economy

The Financial System and the Economy PDF

Author: Maureen Burton

Publisher: Routledge

Published: 2014-12-18

Total Pages: 710

ISBN-13: 1317456866

DOWNLOAD EBOOK →

Attempts to assess whether the United States is in economic decline. Appropriate to general readers as well as economics students and scholars, this book examines the fears of Americans about their economic future.

The Economics of Money, Banking, and Financial Markets

The Economics of Money, Banking, and Financial Markets PDF

Author: Frederic S. Mishkin

Publisher: Pearson Publications Company

Published: 2004

Total Pages: 778

ISBN-13:

DOWNLOAD EBOOK →

In the sprawling gothic city of New Crobuzon, a stranger requests the services of Isaac, an overweight and slightly eccentric scientist. But it is an impossible request--that of flight--and in the end Isaac's attempts will only succeed in unleashing a dark force upon the city.

Economics of Money, Banking, and Financial Markets

Economics of Money, Banking, and Financial Markets PDF

Author: Frederic S. Mishkin

Publisher: Pearson College Division

Published: 2009-07

Total Pages: 662

ISBN-13: 9780138002398

DOWNLOAD EBOOK →

The Economics of Money, Banking, and Financial Marketsset the standard for money and banking courses when it published in its first edition, and it continues to be the worldwide market leader. The historic economic events and financial crises of late 2008 have changed the entire landscape of money and banking. Having just served as Governor of the Federal Reserve, only Mishkin has the unique insider's perspective needed to present the current state of money and banking and explain the latest debates and issues for today’s readers. For professors who teach with less emphasis on monetary theory and prefer to focus more time on financial institutions, theBusiness School Editionis the ideal alternative. Introduction:Why Study Money, Banking, and Financial Markets?; An Overview of the Financial System; What Is Money?Financial Markets: Understanding Interest Rates; The Behavior of Interest Rates; The Risk and Term Structure of Interest Rates; The Stock Market, the Theory of Rational Expectations, and the Efficient Market Hypothesis.Financial Institutions: An Economic Analysis of Financial Structure; Financial Crises and the Subprime Debacle; Banking and the Management of Financial Institutions; Economic Analysis of Financial Regulation; Banking Industry: Structure and Competition; Nonbank Finance; Financial Derivatives; Conflicts of Interest in the Financial Industry.Central Banking and the Conduct of Monetary Policy: Structure of Central Banks and the Federal Reserve System; The Money Supply Process; Tools of Monetary Policy; What Should Central Banks Do? Monetary Policy Goals, Strategy, and Tactics.International Finance and Monetary Policy:The Foreign Exchange Market; The International Financial System.Monetary Policy: The Demand for Money; Aggregate Demand and Supply Analysis; Transmission Mechanisms of Monetary Policy: The Evidence; Money and Inflation. For all readers interested in money, banking, and financial markets.

The Economics of Money, Banking, and Financial Markets

The Economics of Money, Banking, and Financial Markets PDF

Author: Frederic S Mishkin

Publisher: Pearson Higher Ed

Published: 2012-05-14

Total Pages: 736

ISBN-13: 0133081842

DOWNLOAD EBOOK →

This is the eBook of the printed book and may not include any media, website access codes, or print supplements that may come packaged with the bound book. The historic economic events and financial crises of late 2008 have changed the entire landscape of money and banking. Having just served as Governor of the Federal Reserve, only Mishkin has the unique insider's perspective needed to present the current state of money and banking and explain the latest debates and issues for today’s students. By applying a unified analytical framework to the models, The Economics of Money, Banking, and Financial Markets makes theory intuitive for students, and the rich array of current, real-world events keeps students motivated. Authoritative, comprehensive, and flexible, the text is easy to integrate into a wide variety of syllabi, and its ancillaries provide complete support when teaching the course.

Modern Money and Banking

Modern Money and Banking PDF

Author: Roger LeRoy Miller

Publisher: McGraw-Hill Companies

Published: 1993

Total Pages: 866

ISBN-13: 9780070423350

DOWNLOAD EBOOK →

This Third Edition of Modern Money and Banking helps readers keep up with the fast paced world of finance. It presents today's questions and answers-ensuring that readers have the most accurate and current information available. The success of the previous two editions stem from the book's presentation of money and banking theories, concepts, and applications in a manner that guarantees high interest and full understanding. . . and this edition continues to carry over that proven formula. In addition readers can expect the very latest statistics and information on the controversies and problems facing the world of money and banking today: changes in the savings and loan industry; changes in regulation and legislation; modern developments in theory; and international aspects of money and banking.

The American Monetary System

The American Monetary System PDF

Author: William H. Wallace

Publisher: Springer Science & Business Media

Published: 2014-01-04

Total Pages: 239

ISBN-13: 331902907X

DOWNLOAD EBOOK →

Today’s financial system is considerably more complex than in years past, as new financial instruments have been introduced that are not well understood even by the people and institutions that invest in them. Numerous high-risk opportunities are available, and the number of people who unwittingly wander into such ventures seems to grow daily. There is also the realization that people’s lives are affected by the financial system without their overt participation in it. Despite no active participation, pensions can be emasculated by a sudden decline in interest rates, or a rise in rates can increase the monthly payments on a mortgage, credit cards or other debt. This book looks at the history of the American banking system, including the passage of the Federal Reserve Act in 1913, the implementation of deposit insurance, along with certain other provisions of the Glass-Steagall Act of 1933, the Bretton-Woods agreements, the forces of technological innovation and the Dodd-Frank Act, passed by Congress in 2010 for regulatory reform. This book will be of interest to undergraduate and graduate level students that want to gain a broad understanding of how the financial system works, why it is important to the economy as a whole, and what its strengths and weaknesses are. Also, readers should gain an understanding of what the Federal Reserve, other regulators and other central banks are doing, and will be in a position to critique their actions and say with some depth of understanding why they agree or disagree with them.