Test Bank for Money Banking and Financial Markets, 3rd Edition: Cecchetti

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Product details:

• ISBN-10 ‏ : ‎ 007337590X
• ISBN-13 ‏ : ‎ 978-0073375908
• Author: Stephen Cecchetti (Author), Kermit Schoenholtz (Author)

Cecchetti & Schoenholtz Money, Banking, and Financial Markets, 3rd edition offers a fresh, modern, and more student-friendly approach. Students will find the material relevant and interesting because of the book’s unique emphasis on the Five Core Principles, the early introduction of risk, and an integrated global perspective. By focusing on the big picture via core principles, Cecchetti & Schoenholtz teaches students the rationale for financial rules and institutional structure so that even when the financial system evolves, students’ knowledge will not be out of date.

The worldwide financial crisis of 2007‐2009 was the most severe since that of the 1930s, and the recession that followed was the most widespread and costly since the Great Depression. Around the world, it cost tens of millions of workers their jobs. In the United States, millions of families lost their homes and their wealth. To stem the crisis, governments and central banks took aggressive and, in many ways, unprecedented actions. As a result, change will be sweeping through the world of banking and financial markets for years to come. Just as the crisis is transforming the financial system and government policy, it is transforming the study of money and banking. Against this background, students who memorize the operational details of today’s financial system are investing in a short‐lived asset. Cecchetti & Schoenholtz Money, Banking, and Financial Markets, 3e focuses on the basic functions served by the financial system while deemphasizing its current structure and rules. Learning the economic rationale behind current financial tools, rules, and structures is much more valuable than concentrating on the tools, rules, and structures themselves. Students will gain the ability to understand and evaluate whatever financial innovations and developments they confront.

Table of contents:

Part I Money and the Financial System
chapter 1 An Introduction to Money and the Financial System
chapter 2 Money and the Payments System
chapter 3 Financial Instruments, Financial Markets, and Financial Institutions
Part II Interest Rates, Financial Instruments, and Financial Markets
chapter 4 Future Value, Present Value, and Interest Rates
chapter 5 Understanding Risk
chapter 6 Bonds, Bond Prices, and the Determination of Interest Rates
chapter 7 The Risk and Term Structure of Interest Rates
chapter 8 Stocks, Stock Markets, and Market Efficiency
chapter 9 Derivatives: Futures, Options, and Swaps
chapter 10 Foreign Exchange
Part III Financial Institutions
chapter 1 1 The Economics of Financial Intermediation
chapter 1 2 Depository Institutions: Banks and Bank Management
chapter 1 3 Financial Industry Structure
chapter 14 Regulating the Financial System
Part IV Central Banks, Monetary Policy, and Financial Stability
chapter 15 Central Banks in the World Today
chapter 16 The Structure of Central Banks: The Federal Reserve and the European Central Bank
chapter 17 The Central Bank Balance Sheet and the Money Supply Process
chapter 18 Monetary Policy: Stabilizing the Domestic Economy
chapter 19 Exchange Rate Policy and the Central Bank
Part V Modern Monetary Economics
chapter 20 Money Growth, Money Demand, and Modern Monetary Policy
chapter 21 Output, Inflation, and Monetary Policy
chapter 22 Understanding Business Cycle Fluctuations
chapter 23 Modern Monetary Policy and the Challenges Facing Central Bankers

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