TY - BOOK AU - Cecchetti,Stephen G. AU - Schoenholtz, Kermit L. AU - Fackler, James TI - Money, banking, and financial markets SN - 9781259071195 AV - HG221 CEC PY - 2011/// CY - New York PB - McGraw-Hill/Irwin KW - Banks and banking KW - Money KW - Finance N1 - Includes index; Part 1 Money and the financial system; Chapter 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; Chapter 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: future, options, and swaps, 10 - Foreign exchange; Part III Financial institutions; Chapter 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; Chapter 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; Chapter 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 N2 - Cecchetti's Money, Banking, and Financial Markets, 3rd edition offers a fresh, modern, and more student-friendly approach to the subject. 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rules and institutional structure so that even when the financial system evolves, students' knowledge will not be out of date. Cecchetti & Schoenholtz Money, Banking, and Financial Markets, 3rd edition 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 ER -