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Money, banking, financial markets & institutions / (Record no. 32315)

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000 -LEADER
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001 - CONTROL NUMBER
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010 ## - LIBRARY OF CONGRESS CONTROL NUMBER
LC control number 2015954696
020 ## - INTERNATIONAL STANDARD BOOK NUMBER
International Standard Book Number 0538748575
020 ## - INTERNATIONAL STANDARD BOOK NUMBER
International Standard Book Number 9780538748575
040 ## - CATALOGING SOURCE
Original cataloging agency MMU
Transcribing agency MMU
Language of cataloging eng.
Modifying agency MMU
Description conventions rda
042 ## - AUTHENTICATION CODE
Authentication code pcc
100 1# - MAIN ENTRY--PERSONAL NAME
Personal name Brandl, Michael W.,
Relator term author.
245 10 - TITLE STATEMENT
Title Money, banking, financial markets & institutions /
Statement of responsibility, etc. Michael W. Brandl.
264 #1 - PRODUCTION, PUBLICATION, DISTRIBUTION, MANUFACTURE, AND COPYRIGHT NOTICE
Place of production, publication, distribution, manufacture Boston, MA
Name of producer, publisher, distributor, manufacturer Cengage Learning,
Date of production, publication, distribution, manufacture, or copyright notice [2017]
300 ## - PHYSICAL DESCRIPTION
Extent xv, 527 pages ;
Dimensions 27 cm.
336 ## - CONTENT TYPE
Content type term text
Content type code txt
Source rdacontent
337 ## - MEDIA TYPE
Media type term unmediated
Media type code n
Source rdamedia
338 ## - CARRIER TYPE
Carrier type term volume
Carrier type code nc
Source rdacarrier
504 ## - BIBLIOGRAPHY, ETC. NOTE
Bibliography, etc Includes bibliographical references and index.
505 0# - FORMATTED CONTENTS NOTE
Formatted contents note Machine generated contents note: ch. 1 Introduction -- 1-1.Why Study This Stuff? -- 1-2.The Key Components -- 1-2a.Money and Financial Assets -- 1-2b.Financial Markets -- 1-2c.Central Banks -- 1-2d.Banking System and Financial Institutions -- ch. 2 Money, Money Supply, and Interest -- 2-1.The Concept Of Money -- 2-1a.Money Defined -- 2-1b.Functions of Money -- 2-2.Amount Of Money And Money Through Time -- 2-2a.The Amount of Money Matters -- 2-2b.Money Through Time -- 2-3.Money Supplies -- 2-3a.Monetary Aggregates -- 2-4.The Price Of Money: Interest Rates -- 2-4a.Time Value of Money -- 2-4b.Present Value -- 2-5.Conclusion -- ch. 3 Bonds And Loanable Funds -- 3-1.Bonds Defined And Explained -- 3-1a.Bonds Defined -- 3-2.Bond Prices And Yields -- 3-2a.Price of Bonds -- 3-3.Supply And Demand For Bonds -- 3-3a.The Supply of Bonds -- 3-3b.Change in the Supply of Bonds -- 3-3c.The Demand for Bonds -- 3-3d.Change in the Demand for Bonds -- 3-3e.Equilibrium in the Bond Market --
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Formatted contents note Note continued: 3-3f.New Equilibrium in the Bond Market -- 3-4.Supply And Demand For Loanable Funds -- 3-4a.The Supply of Loanable Funds -- 3-4b.The Demand for Loanable Funds -- 3-4c.New Equilibrium in the Loanable Funds Market -- 3-5.The Bond Market And Loanable Funds Market Compared -- 3-5a.The Fisher Effect -- 3-5b.Business Cycles and Confidence -- 3-6.Conclusion -- ch. 4 Interest Rates in More Detail -- 4-1.Interest Rates In More Detail And Default Risk -- 4-1a.Default Risk -- 4-1b.Calculating DRP -- 4-1c.Comparing Default Risk of Different Financial Instruments -- 4-2.Real Versus Nominal: The Role Of Inflation -- 4-2a.Why We Worry About Inflation -- 4-2b.Real Versus Nominal Interest Rates -- 4-2c.Ex Post Versus Ex Ante -- 4-2d.Example of Ex Ante Versus Ex Post -- 4-3.Taxes -- 4-3a.Before- and After-Tax Returns -- 4-3b.Municipal Bonds and Taxes -- 4-4.Yield Curves -- 4-4a.Yield Curve Graph -- 4-4b.Yield Curve Facts -- 4-4c.Pure Expectations Theory --
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Formatted contents note Note continued: 4-4d.Term Premium Theory -- 4-4e.Segmented Market Theory -- 4-5.Yield Curve Applications -- 4-5a.Inverted Yield Curve -- 4-5b.Steep Yield Curve -- 4-5c.Flat Yield Curve -- 4-6.Conclusion -- ch. 5 Financial Markets Through Time -- 5-1.US Financial Markets In The Early Twentieth Century -- 5-1a.The Early Twentieth Century -- 5-1b.The Panic of 1907 -- 5-2.Federal Reserve In The Early Days -- 5-2a.Early Structure of the Federal Reserve -- 5-2b.Financial Markets During the Great Depression -- 5-3.Financial Markets During World War II -- 5-3a.Preparing for War -- 5-3b.Funding the War Effort -- 5-3c.Controlling Inflation During the War -- 5-4.Postwar Boom: Home Mortgages, Consumerism, And European Unification -- 5-4a.Financial Markets Help Fund the "American Dream" -- 5-4b.Push for European Economic and Financial Integration -- 5-5.Effects Of Stagflation And The Reagan/Thatcher Revolution On Financial Markets -- 5-5a.The Rise of Stagflation --
505 0# - FORMATTED CONTENTS NOTE
Formatted contents note Note continued: 5-5b.Paul Volcker -- 5-5c.Reagan and Thatcher -- 5-6.Savings & Loans And Junk Bonds -- 5-6a.The Savings & Loan Crisis -- 5-6b.Leveraged Buyouts and Junk Bonds -- 5-7.Conclusion -- ch. 6 Aggregate Supply And Aggregate Demand -- 6-1.Introduction And Keynes's Aggregate Demand -- 6-1a.Keynes's Challenge -- 6-1b.Keynes's Aggregate Demand -- 6-2.Shifts In Aggregate Demand -- 6-2a.Changes in Consumption -- 6-2b.Changes in Investment -- 6-2c.Changes in Government Spending -- 6-2d.Changes in Net Exports -- 6-2e.Changes in the Money Supply -- 6-2f.Keynes's Spending Multiplier -- 6-3.Aggregate Supply -- 6-3a.Keynes's Original Aggregate Supply Curve -- 6-3b.Keynesian Three-Part Aggregate Supply -- 6-4.The Rational Expectations Approach To AS/AD -- 6-4a.Changing Assumptions -- 6-4b.A Different Approach to Aggregate Supply -- 6-5.Business Cycles -- 6-5a.Bringing Together Aggregate Demand, SRAS, and LRAS -- 6-5b.Business Cycles: How Fast Do Gaps Close? --
505 0# - FORMATTED CONTENTS NOTE
Formatted contents note Note continued: 6-6.Conclusion -- ch. 7 Banks And Money -- 7-1.Why Banks Exist: Asymmetric Information -- 7-1a.Asymmetric Information -- 7-2.Adverse Selection In Financial Markets -- 7-2a.Overcoming Adverse Selection in Financial Markets -- 7-3.Moral Hazard -- 7-3a.Moral Hazard in Corporate Governance -- 7-3b.Moral Hazard in Financial Markets -- 7-3c.Overcoming the Moral Hazard Problem in Financial Markets -- 7-4.What Banks Do -- 7-4a.Provide Liquidity -- 7-4b.Reduce Transaction Costs -- 7-4c.Block Lending -- 7-5.Simple Deposit Multiplier -- 7-5a.Day 1 at Anchor Bank -- 7-5b.Day 2 at Anchor Bank -- 7-6.What The Simple Deposit Multiplier Tells Us And Its Problems -- 7-6a.Banks Create and Destroy Money -- 7-6b.Banks Are Subject to Bank Runs -- 7-6c.If Banks Don't Lend -- 7-6d.If There Is a Lack of Banks -- 7-6e.Problems with the Simple Deposit Multiplier -- 7-7.Conclusion -- ch. 8 Central Banks -- 8-1.Evolution Of The Fed -- 8-1a.Evolution of the Federal Reserve --
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Formatted contents note Note continued: 8-2.Current Structure Of The Fed -- 8-2a.The Chair -- 8-2b.Board of Governors -- 8-2c.Federal Reserve District Banks -- 8-2d.Federal Open Market Committee -- 8-3.Responsibilities, Functions, And Balance Sheet Of The Fed -- 8-3a.Responsibilities of the Fed -- 8-3b.The Fed's Balance Sheet -- 8-4.Other Central Banks: Bank Of Japan And Bank Of England -- 8-4a.Bank of Japan -- 8-4b.Bank of England -- 8-5.Other Central Banks: European Central Bank And Bank Of Canada -- 8-5a.European Central Bank -- 8-5b.Bank of Canada -- 8-6.Conclusion -- ch. 9 Monetary Policy Tools -- 9-1.Overview -- 9-1a.Open Market Operations as a Monetary Tool -- 9-2.Monetary Policy Tools: Discount Window And Term Auction Facility -- 9-2a.When Traditional Policies Fail -- 9-3.Monetary Policy Tools: Emergency Lending, Quantitative Easing, And The Required Reserve Ratio -- 9-3a.Emergency Lending -- 9-3b.Quantitative Easing -- 9-3c.Required Reserve Ratio --
505 0# - FORMATTED CONTENTS NOTE
Formatted contents note Note continued: 9-4.Problem With Tools: Money Demand -- 9-4a.Irving Fisher on Money Demand -- 9-4b.John Maynard Keynes on Money Demand -- 9-5.Problems With Tools: Liquidity Traps And Budget Deficits -- 9-5a.Liquidity Traps -- 9-5b.Government Budget Deficits and Monetary Policy -- 9-6.Tools Of The European Central Bank -- 9-6a.ECB's OMO: Tenders and Reserve Transactions -- 9-6b.ECB's Deposit Facility -- 9-6c.ECB's Minimum Reserve Requirements -- 9-7.Conclusion -- ch. 10 The Money Supply Process -- 10-1.The Money Supply Process -- 10-1a.Monetary Base -- 10-1b.Changes in the Monetary Base -- 10-2.More Changes In The Monetary Base And The Money Supply Multiplier -- 10-2a.How the Nonbank Public Affects the Monetary Base -- 10-2b.How the Treasury Affects the Monetary Base -- 10-2c.Deriving the Money Multiplier -- 10-3.Changes In Variables Of The Money Supply Multiplier And The Great Recession -- 10-3a.Change in the Currency Ratio -- 10-3b.Change in the Excess Reserves Ratio --
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Formatted contents note Note continued: 10-3c.Change in the Required Reserves Ratio -- 10-3d.Money Supply Process and Quantitative Easing -- 10-4.Conclusion -- ch. 11 Monetary Policy and Debates -- 11-1.Monetary Policy And Debates -- 11-1a.Goals of Monetary Policy -- 11-2.More Goals Of Monetary Policy -- 11-2a.High Employment Goal -- 11-26.Financial Market Stability: Interest Rates and Exchange Rates -- 11-3.More Debates Over Monetary Policy -- 11-3a.Central Bank Independence -- 11-3b.Instruments and Targets -- 11-4.Taylor Rule -- 11-4a.Taylor Rule and Inflation -- 11-4b.Taylor Rule and Output Gap -- 11-4c.Mankiw Rule: An Alternative to the Taylor Rule -- 11-5.Monetary Policy And The Crisis -- 11-6.Conclusion -- ch. 12 Bank Management -- 12-1.Bank Management: Balance Sheets -- 12-1a.Asset Transformation -- 12-1b.Bank Management: The Big Picture -- 12-2.Bank Deposits And Other Liabilities -- 12-2a.Transaction Deposits -- 12-2b.Nontransaction Accounts -- 12-2c.Other Liabilities --
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Formatted contents note Note continued: 12-3.Bank Loans And Other Assets -- 12-3a.Cash -- 12-3b.Securities -- 12-3c.Bank Loans -- 12-4.Off Balance Sheet Activities -- 12-4a.Commercial Letters of Credit -- 12-4b.Standby Letters of Credit -- 12-4c.Financial Derivatives: Currency and Interest Rate Forward, Futures, Options, and Swap Contracts -- 12-5.Conclusion -- ch. 13 Bank Risk Management and Performance -- 13-1.Credit Risk -- 13-1a.Credit Risk in General -- 13-1b.Credit Risk with Consumers -- 13-1c.Credit Risk with Business Borrowers -- 13-2.Interest Rate Risk -- 13-2a.Managing Interest Rate Risk -- 13-2b.Gap Analysis -- 13-2c.Duration Analysis -- 13-2d.Banks, Duration, and Interest Rate Risk -- 13-3.Liquidity Risk -- 13-3a.Sources of Liquidity -- 13-3b.Solutions to Lack of Liquidity -- 13-3c.How Much Liquidity Is Enough? -- 13-4.Other Risks -- 13-5.Bank Performance -- 13-5a.Income Statement -- 13-5b.Balance Sheet -- 13-6.Conclusion -- ch. 14 Banking Regulation -- 14-1.Bank Regulation --
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Formatted contents note Note continued: 14-1a.Banks Are Special -- 14-1b.Bank Regulation in the United States -- 14-2.Bank Balance Sheet And Bank Capital -- 14-2a.Balance Sheet Regulations -- 14-2b.Liabilities: Regulation Q -- 14-2c.Bank Capital -- 14-3.Bank Regulation: How It's Done -- 14-3a.CAMELS Ratings -- 14-3b.Dealing with a Failed Institution -- 14-3c.Too Big to Fail -- 14-4.Consumer Protection And Failures -- 14-4a.Truth in Lending Act of 1968 -- 14-4b.The Community Reinvestment Act of 1977 -- 14-4c.Fair Credit Reporting Act of 1970 -- 14-4d.Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 -- 14-4e.Why Has the US Bank Regulatory System Failed? -- 14-5.Conclusion -- ch. 15 Money Markets -- 15-1.Money Market Characteristics And Purpose -- 15-1a.Money Market Defined -- 15-1b.Why Are There Money Markets? -- 15-1c.Money Market Participants -- 15-2.Money Market Instruments: Treasury Bills -- 15-2a.Treasury Bills in Detail --
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Formatted contents note Note continued: 15-3.Money Market Instruments Other Than Treasury Bills -- 15-3a.Federal Funds -- 15-3b.Commercial Paper -- 15-3c.Repurchase Agreements -- 15-3d.Negotiable Certificates of Deposit -- 15-3e.Banker's Acceptances -- 15-3f.Eurodollar Accounts -- 15-4.Conclusion -- ch. 16 Bond Markets -- 16-1.The Bond Market -- 16-1a.Government and Agency Bonds -- 16-2.Corporate Bond Market -- 16-2a.Characteristics of Corporate Bonds -- 16-3.Bond Rating Debate -- 16-3a.Evolution of Bond Ratings -- 16-3b.Bond-Rating System Today -- 16-4.Debt Market During The Crisis -- 16-4a.Flight to Quality -- 16-5.Conclusion -- ch. 17 The Stock Market and Efficiency -- 17-1.The Stock Market: Buying And Selling -- 17-1a.The Stock or Equity Market -- 17-2.Pricing Common Stock -- 17-3.Stock Market Overall: Performance, Indexes, And Regulation -- 17.3a.Overall Performance -- 17-3b.Stock Market Indexes -- 17-3c.Regulation -- 17-4.The Stock Market: Efficient Or Not? --
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Formatted contents note Note continued: 17-4a.Efficient Market Hypothesis -- 17-4b.Behavioral Finance -- 17-5.Conclusion -- ch. 18 The Mortgage Market -- 18-1.Mortgages And The Bigger Picture -- 18-1a.The Broad Mortgage Market -- 18-2.Basic Mortgage Concepts -- 18-2a.Down Payment -- 18-2b.Private Mortgage Insurance -- 18-2c.Fixed-Rate or Adjustable-Rate Mortgages -- 18-2d.Insured Mortgages -- 18-2e.Discount Points -- 18-2f.Mortgage Payments -- 18-2g.A 15-Year Versus a 30-Year Mortgage -- 18-2h.Taxes and Insurance -- 18-3.New Types Of Mortgages -- 18-3a.Zero-Down Home Mortgages -- 18-3b.Teaser-Rate ARMS -- 18-3c.Negative Amortization Home Mortgages -- 18-3d.No Documentation Home Mortgages -- 18-4.The Secondary Mortgage Market And Mbas -- 18-4a.Problems in Developing a Secondary Market for Mortgages -- 18-4b.Mortgage-Backed Assets -- 18-4c.Growth of the CMO and CDO Market -- 18-5.The Mortgage Market, Government Policies, And The Global Financial Crisis -- 18-6.Conclusion --
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Formatted contents note Note continued: ch. 19 Foreign Exchange Markets -- 19-1.Foreign Exchange Market Basics -- 19-1a.Exchange Rate Basics -- 19-2.Foreign Exchange Supply And Demand -- 19-2a.Foreign Exchange Market Participants -- 19-2b.Demand in the Foreign Exchange Market -- 19-2c.Supply in the Foreign Exchange Market -- 19-3.Foreign Exchange Equilibrium -- 19-3a.Movement to New Equilibrium -- 19-4.Foreign Exchange Regimes -- 19-4a.The Gold Standard -- 19-4b.Bretton Woods -- 19-5.Conclusion -- ch. 20 Global Financial Architecture -- 20-1.Modern Exchange Rate Regimes -- 20-1a.Foreign Exchange Market Intervention -- 20-1b.Crawling Peg -- 20-2.More Modern Exchange Rate Regimes -- 20-2a.Target Zone -- 20-2b.Currency Boards -- 20-2c.Managed Float -- 20-3.The Fixed Exchange Rate Dance -- 20-3a.The Stability Advantage -- 20-3b.Toward Monetary Integration -- 20-3c.Mundell's Optimal Currency Area -- 20-4.Creation Of The Sister Institutions -- 20-4a.Development and Role of the World Bank --
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Formatted contents note Note continued: 20-5.Sister Institutions: Imf -- 20-5a.The Development and Role of the IMF -- 20-5b.IMF Changes Focus -- 20-6.Controversies Over The Sisters -- 20-6a.Problems with the World Bank -- 20-6b.Problems with the IMF -- 20-6c.Problems the Sisters Share -- 20-7.Conclusion -- ch. 21 Thrifts and Finance Companies -- 21-1.Thrifts -- 21-1a.Savings Banks -- 21-1b.Savings & Loans -- 21-1c.Evolution of Recent Thrifts -- 21-2.Savings & Loan Crisis And Today -- 21-2a.DIDMCA and the Rise of NOW Accounts -- 21-2b.DIDMCA Is Not Enough -- 21-2c.Misaligned Incentives -- 21-2d.Attempting Reforms -- 21-2e.Thrifts Today -- 21-3.Credit Unions -- 21-3a.Credit Union History -- 21-3b.Credit Union Controversies -- 21-4.Finance Companies -- 21-4a.Types of Finance Companies: Consumer Finance Companies -- 21-4b.Types of Finance Companies: Business Finance Companies -- 21-4c.Types of Finance Companies: Ownership -- 21-4d.Financing the Finance Companies --
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Formatted contents note Note continued: 21-4e.Finance Company Controversies -- 21-5.Conclusion -- ch. 22 Insurance and Pensions -- 22-1.Insurance And Pensions -- 22-1a.The Idea of Insurance -- 22-1b.Structure of Insurance Companies -- 22-1c.Insurance Regulation -- 22-2.Life Insurance -- 22-2a.Basics of Life Insurance -- 22-2b.Life Insurance Companies -- 22-3.Other Insurance -- 22-3a.Health Insurance -- 22-3b.Property and Casualty Insurance -- 22-3c.Credit Default Swaps -- 22-4.Pensions -- 22-4a.Defined Benefit Plans -- 22-4b.Defined Contribution Plans -- 22-4c.Public Pensions -- 22-5.Conclusion -- ch. 23 Mutual Funds -- 23-1.Mutual Funds Overview -- 23-1a.Mutual Fund Growth -- 23-1b.Mutual Fund Regulation -- 23-1c.Open-End Mutual Funds -- 23-2.Types Of Mutual Funds -- 23-2a.Equity Funds -- 23-2b.Bond Funds -- 23-2c.Hybrid Funds -- 23-2d.Money Market Mutual Funds -- 23-3.Mutual Fund Fees -- 23-3a.Types of Mutual Fund Fees & Controversies -- 23-4.Other Types Of Funds -- 23-4a.Close-Ended Funds --
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Formatted contents note Note continued: 23-4b.Exchange-Traded Funds -- 23-4c.Hedge Funds -- 23-4d.Real Estate Investment Trusts -- 23-5.Conclusion -- ch. 24 Investment Banks and Private Equity -- 24-1.Investment Banks And Private Equity Overview -- 24-1a.Investment Banks -- 24-1b.What Investment Banks Do -- 24-2.Investment Bank Controversies -- 24-3.Private Equity -- 24-3a.It's Private, Not Public -- 24-3b.Private Equity Is Long-Term and Risky -- 24-3c.Private Equity Structure -- 24-3d.Private Equity Payment Streams -- 24-4.Private Equity Controversies -- 24-4a.Capital Gains versus Income Tax Controversy -- 24-4b.Dumb Money versus Smart Money -- 24-4c.Job-Destroying Vulture Capitalism -- 24-5.Conclusion.
650 #0 - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name as entry element Finance
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    Library of Congress Classification     Maasai Mara University Library -Main Campus Maasai Mara University Library -Main Campus   10/25/2022 Donation -Rattansi 11396.55   HG220.A2B76 2017 22038951 10/25/2022 10/25/2022 L
    Library of Congress Classification     Maasai Mara University Library -Main Campus Maasai Mara University Library -Main Campus   10/25/2022 Donation -Rattansi 11396.55   HG220.A2B76 2017 22038952 10/25/2022 10/25/2022 SL
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