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Money, Banking and Financial Markets

ISBN10: 1266544453 | ISBN13: 9781266544453

Money, Banking and Financial Markets
ISBN10: 1266544453
ISBN13: 9781266544453
By Stephen Cecchetti and Kermit Schoenholtz

* The estimated amount of time this product will be on the market is based on a number of factors, including faculty input to instructional design and the prior revision cycle and updates to academic research-which typically results in a revision cycle ranging from every two to four years for this product. Pricing subject to change at any time.

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In a world where money, banking, and financial markets are in constant flux, this release introduces cutting-edge features to keep pace with evolving dynamics. Continuing its distinctive approach, the text emphasizes the Five Core Principles, delivers an early introduction to risk, offers an integrated global perspective, and seamlessly integrates FRED data. This title boasts an innovative approach to enhancing coherence, relevance, and timeliness in the study of Money and Banking for economics students.

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

About the Author

Stephen Cecchetti

Stephen Cecchetti is currently Professor of International Economics and Finance at the International Business School, Brandeis University, and Director of Research at the Rosenberg Institute for Global Finance. He is also a Research Associate of the National Bureau of Economic Research, an organization of distinguished academic economists who specialize in policy-oriented empirical studies of national and world economies, and a consultant to central banks around the world. He is currently serving as a consultant to the European Central Bank's Inflation Persistence Project. Prior to joining the faculty at Brandeis, he was Professor of Economics at Ohio State University. From August 1997 to September 1999, he was Executive Vice President and Director of Research at the Federal Reserve Bank of New York, as well as Associate Economist of the Federal Open Market Committee. Professor Cecchetti received a S.B. in Economics from M.I.T. in 1977, and a Ph.D. in Economics from the University of California at Berkeley in 1982.

Kermit Schoenholtz

Kermit L. Schoenholtz is ClinicalProfessor Emeritus in the Department of Economics
of New York University’sLeonard N. Stern School of Business, where he taught courses on money andbanking for more than a decade (www.stern.nyu.edu/faculty/bio/kimschoenholtz).He also directed NYU Stern’sCenter for Global Economy and Business (www.stern.nyu.edu/cgeb).Schoenholtz was Citigroup’sglobal chief economist from 1997 until 2005.

Schoenholtz joined Salomon Brothers in 1986, working in itsNew York, Tokyo, and London offices. In 1997, he became chief economist atSalomon, after which he became chief economist at Salomon Smith Barney and laterat Citigroup.

Schoenholtz has published extensively about financial, economic,and policy developments. He is a member of the Council on Foreign Relations.Previously, he served on the Financial Research Advisory Committee of the U.S.Treasury’s Officeof Financial Research, as a panel member of the U.S. Monetary Policy Forum, andas a member of the Executive Committee of the London-based Centre for EconomicPolicy Research.

From 1983 to 1985, Schoenholtz was a Visiting Scholar at theBank of Japan’sInstitute for Monetary and Economic Studies. He received an MPhil in economics fromYale University in 1982 and an AB from Brown University in 1977.

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