Money, Banking and Financial Markets, 6th Edition, 9781260571363

126057136X · 9781260571363

Cecchetti& Schoenholtz's Money, Banking, and Financial Markets 6estays relevant and interesting through the product’s unique emphasis on theFive Core Principles, the early introduction of risk, an integrated globalperspective, and the integration of FRED data in both the text and problemmaterial. By focusing on the big picture via core principles, Cecchetti teachesstudents the rationale for financial rules and institutional structure so thateven when the financial system evolves, students' knowledge will not be out ofdate. Be sure to visit the author blog at www.moneyandbanking.com for short, informed discussions onissues in the news, as well as technical points relevant for instructors andstudents alike. 

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