Stephen Cecchetti's new text on Money and Banking offers a fresh, more modern, and more student-friendly approach to the subject. The author has drawn on his vast experience as Vice President at the Federal Reserve Bank of New York, publishing in and editing various journals, and consulting for the European Central Bank, the Bank of England, the Bank of Israel, and the Reserve Bank of Australia as well as his years of teaching at various schools including Ohio State, Brandeis, Princeton, and Oxford University. Students will find the material more 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. Cecchetti is THE money and banking book for today's students; by focusing on the big picture via core principles, Cecchetti 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rules and institutional structure so that even when the financial system evolves, students' knowledge will not be out of date.

Stephen G. Cecchetti joined the Brandeis University faculty in 2003 as a Professor of International Economics and Finance at the International Business School. He is also the Director of Research at the Rosenberg Institute for Global Finance at Brandeis.

Money, Banking, and Financial Markets Brief 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
Appendix 4: The Algebra of Present-Value Formulas
Chapter 5. Understanding Risk
Appendix 5A: A Quick Test to Measure Your Risk Tolerance
Appendix 5B: The Mathematics of Diversification
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
Appendix 10: Interest Rate-Parity and Short-Run Exchange Rate Determination
Part III. Financial Institutions
Chapter 11. The Economics of Financial Intermediation
Chapter 12. Depository Institutions: Banks and Bank Management
Chapter 13. 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 U.S. Federal Reserve and the European Central Bank
Chapter 17. The Central Bank Balance Sheet and the Money Supply Process
Chapter 18. Monetary Policy: Using Interest Rates to Stabilize the Domestic Economy
Chapter 19. Exchange-Rate Policy and the Central Bank
Appendix 19: What You Really Need to Know about the Balance of Payments
Part V. Modern Monetary Economics
Chapter 20. Money Growth, Money Demand, and Monetary Policy
Chapter 21. Monetary Policy and Aggregate Demand
Chapter 22. Understanding Business Cycles
Chapter 23. Monetary Policy, Output, and Inflation in the Short Run
Glossary
Index

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Money, Banking, and Financial Markets

Money, Banking, and Financial Markets

9780072452693

0072452692

Summary

Author Biography

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

Appendix 4: The Algebra of Present-Value Formulas

Chapter 5. Understanding Risk

Appendix 5A: A Quick Test to Measure Your Risk Tolerance

Appendix 5B: The Mathematics of Diversification

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

Appendix 10: Interest Rate-Parity and Short-Run Exchange Rate Determination

Part III. Financial Institutions

Chapter 11. The Economics of Financial Intermediation

Chapter 12. Depository Institutions: Banks and Bank Management

Chapter 13. 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 U.S. Federal Reserve and the European Central Bank

Chapter 17. The Central Bank Balance Sheet and the Money Supply Process

Chapter 18. Monetary Policy: Using Interest Rates to Stabilize the Domestic Economy

Chapter 19. Exchange-Rate Policy and the Central Bank

Appendix 19: What You Really Need to Know about the Balance of Payments

Part V. Modern Monetary Economics

Chapter 20. Money Growth, Money Demand, and Monetary Policy

Chapter 21. Monetary Policy and Aggregate Demand

Chapter 22. Understanding Business Cycles

Chapter 23. Monetary Policy, Output, and Inflation in the Short Run

Glossary

Index

Supplemental Materials

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