Principles of Money, Banking and Financial Markets

Introducing money; money, the economy and inflation; financial instruments and markets; financial institution - purposes and profile; calculating interest rates; the level of interest rates; the regulation and structure of depository institutions; commercial bank asset and liability management; nondeposit financial institutions; international banking; financial innovation; payments systems; who's in charge here?; bank reserves; the instruments of central banking; understanding movements in bank reserves; hitting the monetary targets; budget deficits and the money supply; the foundations of monetarism; the Keynesian framework; the ISLM world; monetarists and Keynesians in the ISLM world; monetarists and Keynesians - an aggregate supply and demand perspective; rational expectations - theory and policy implications; empirical evidence on the effectiveness of monetary policy; risk and portfolio choice; flow of funds accounting; the structure of interest rates; the structure and performance of securities markets - corporate bonds, municipals and mortgages; equities, the stock market and interest rates; financial futures and options; foreign exchange rates; fixed versus floating exchange rates; balance of payments account; the gold standard.