Principles of Money, Banking & Financial Markets

Part I: The Basics<br>Chapter 1. Introducing Money, Banking, and Financial Markets<br>An Overview <br>Why Study Money, Banking, and Financial Markets? <br>Careers in Banking and Financial Markets <br> <br> Chapter 2. The Role of Money in the Macroeconomy <br>Introducing Money <br>Money, the Economy, and Inflation <br> <br> Chapter 3. Financial Instruments, Markets, and Institutions <br>Flow of Funds <br>Financial Instruments and Markets <br>Financial Intermediaries: Purposes and Profile <br> <br> <br> Part II: Financial Instruments and Markets<br> Chapter 4. Interest Rate Measurement and Behavior <br>Calculating Interest Rates <br>What Determines the Level of Interest Rates? <br> <br> Chapter 5. The Term and Risk Structure of Interest Rates<br>The Term Structure of Rates and the Yield Curve <br>Risk and Tax Structure of Rates <br> Appendix: Bond Price Volatility: Duration Versus Maturity <br> <br> Chapter 6. The Structure and Performance of Securities Markets <br>Nature and Function of Securities Markets <br>Efficiency of Secondary Market Trading <br>Efficient Capital Markets and Regulation <br> <br> Chapter 7. The Pricing of Risky Financial Assets <br>Economic Uncertainty <br>Principles of Diversification <br>The Risk Premium on Risky Securities <br> <br> Chapter 8. Money and Capital Markets <br>The Government Bond Market <br>Bank-Related Securities: CDs and Eurodollars <br>Corporate Securities <br>Municipal Securities <br>Mortgage Securities <br>The Stock Market <br> <br> Chapter 9. Demystifying Derivatives <br>An Overview of Financial Futures <br>An Overview of Options Contracts <br>An Overview of Swaps <br> <br> Chapter 10. Understanding Foreign Exchange <br>What Determines Foreign Exchange Rates? <br>Fixed Versus Floating Exchange Rates <br> <br> <br> Part III: Banks and Other Intermediaries<br> Chapter 11. The Nature of Financial Intermediation<br>The Economics of Financial Intermediation <br>The Evolution of Financial Intermediaries in the United States <br>Financial Intermediaries: Assets, Liabilities, and Management <br> <br> Chapter 12. Depository Financial Institutions<br>The Fundamentals of Bank Management <br>Major Trends in Bank Management <br>Nonbank Depository Institutions–The Thrifts <br> <br> Chapter 13. Nondepository Financial Institutions <br>Insurance Companies and Pension Funds <br>Mutual Funds <br>Finance Companies <br>Securities Brokers and Dealers and Investment Banks <br>Venture Capital Funds, Mezzanine Debt Funds, and Hedge Funds <br>Banks Versus Nondepository Institutions <br> <br> <br> Part IV: Financial System Architecture<br> Chapter 14. Understanding Financial Contracts<br>How Business Obtains Financing <br>The Economics of Financial Contracting <br> <br> Chapter 15. The Regulation of Markets and Institutions <br>The Regulation of Financial Markets in the United States <br>The Regulation of Commercial Banks in the United States &nbsp; <br>Regulation of Nondepository Financial Intermediaries <br>Where Securities Market and Banking Regulation Meet: The Glass-Steagall Act, A Collapsing Barrier <br> <br> Chapter 16. Financial System Design <br>Information and Financial System Design <br>Financial System Design: A Descriptive Summary of Germany, Japan, the United Kingdom, and the United States <br>Financial System Design and Conflict Resolution: Germany, Japan, the United Kingdom, and the United States <br>Financial System Design for Eastern Europe and Other Emerging Economies <br> <br> <br> Part V: The Art of Central Banking<br> Chapter 17. Who’s in Charge Here? <br>Formal Structure of the Federal Reserve System <br>The Realities of Power <br>The Problem of Federal Reserve Independence <br> <br> Chapter 18. Bank Reserves and the Money Supply <br>Check Clearing and Collection <br>Deposit Expansion: The Single Bank <br>Deposit Expansion: