Hubbard, R. Glenn.

Money, banking, and the financial system / R. Glenn Hubbard, Columbia University, Anthony Patrick O'Brien, Lehigh University. --Second Edition. --Boston : Pearson, ©2014.

652 pages : color illustrations, color maps ; 26 cm

Includes index.

Introducing money and the financial system -- Money and the payments system -- Interest rates and rates of return -- Determining interest rates -- The risk structure and term structure of interest rates -- The stock market, information, and financial market efficiency -- Derivatives and derivative markets -- The market for foreign exchange -- Transactions costs, asymmetric information, and the structure of the financial system -- The economics of banking -- Investment banks, mutual funds, hedge funds, and the shadow banking system -- Financial crises and financial regulation -- The federal reserve and central banking -- The Federal Reserve's balance sheet and the money supply process -- Monetary policy -- The international financial system and monetary policy -- Monetary theory I: the aggregate demand and aggregate supply model -- Monetary theory II: the is/mp model.

9781292000183 (paperback) 129200018X (paperback)


Banks and banking.
International finance.
Monetary policy.

HG 221 .H82 2014

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