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| Material Type: | Internet resource |
|---|---|
| Document Type: | Book, Internet Resource |
| All Authors / Contributors: |
Lawrence S Ritter; William L Silber; Gregory F Udell |
| ISBN: | 9780321339195 0321339193 9780321500854 0321500857 |
| OCLC Number: | 236117398 |
| Description: | xxxiv, 617 pages : illustrations (some color) ; 24 cm. |
| Contents: | Machine derived contents note: Part I The Basics -- Chapter 1 -- Introducing Money, Banking, and Financial Markets -- An Overview -- Why Study Money, Banking, and Financial Markets? -- Careers in Banking and Financial Markets -- An Overview -- Specific Opportunities -- Trading -- Sales -- Financial Economist -- Fixed-Income Research -- Loan Officer -- Bank Examiner -- Key Terms -- Chapter 2 -- The Role of Money in the Macroeconomy -- Introducing Money -- Going Out on a Limb: The Launch of the Euro -- Who Determines Our Money Supply? -- The Importance of Money I: Money Versus Barter -- The Importance of Money II: Financial Institutions and Markets -- Money, the Economy, and Inflation -- Bank Reserves and the Money Supply -- How Large Should the Money Supply Be? -- Velocity: The Missing Link -- Money and Inflation -- Going Out on a Limb: Will Paper Money Ever Disappear? -- Summary -- Key Terms -- Questions -- Chapter 3 -- Financial Instruments, Markets, and Institutions -- Flow of Funds -- Financial Instruments and Markets -- Bonds Represent Borrowing -- Stocks Represent Ownership -- Mortgages Involve Real Estate -- Derivatives: Options and Futures -- The Money and Capital Markets: A Summary -- Financial Intermediaries: Purposes and Profile -- The Role of Financial Intermediaries -- Financial Intermediaries in Profile -- Summary -- Key Terms -- Questions -- Part Ii Financial Instruments And Markets -- Chapter 4 -- Interest Rate Measurement and Behavior -- Calculating Interest Rates -- Simple Interest -- Compound Interest -- Coupon Rate on Bonds -- Current Yield -- Yield to Maturity -- Off the Record: The Million Dollar Lottery: A Case of Misleading -- Advertising? -- Zero-Coupon Bonds -- Reading the Financial News: Government Bond Market Quotations -- The Inverse relationship Between Yields and Bond Prices -- Why Long-Term Bonds Are Riskier Than Shorts -- Nominal Versus Real Interest Rates -- Return Versus Yield to Maturity -- What Determines the Level of Interest Rates? -- Supply and Demand Determine the Interest Rate -- Why Does the Interest Rate Fluctuate? -- Behind Supply and Demand -- The Importance of Inflationary Expectations -- In the News: Bonds Move Higher -- Cyclical and Long-Term Trends in Interest Rates -- Summary -- Key Terms -- Questions -- Chapter 5 -- The Term and Risk Structure of Interest Rates -- The Term Structure of Rates and the Yield Curve -- Supply and Demand -- The Pure Expectations Approach -- The Liquidity Premium Modification -- The Preferred Habitat Approach -- Real-World Observations -- Going Out on a Limb: Is the Shape of the Yield Curve a Crystal Ball? -- An Aside on Marketability -- Risk and Tax Structure of Rates -- Summary -- Key Terms -- Questions -- Appendix: Bond Price Volatility: Duration Versus Maturity -- Key Terms -- Chapter 6 -- The Structure and Performance of Securities Markets -- Nature and Function of Securities Markets -- Types of Markets -- Auction Market -- Brokered Market -- Dealer Market -- Primary Versus Secondary Markets -- Efficiency of Secondary Market Trading -- In the News: Senator Pushing for Accurate Prices -- Going Out on a Limb: The Computer Will Prevail -- Efficient Capital Markets and Regulation -- In the News: Investment Dartboard -- Summary -- Key Terms -- Questions -- Chapter 7 -- The Pricing of Risky Financial Assets -- Economic Uncertainty -- A World of Certainty -- Consequences of Uncertainty and Risk Aversion -- An Aside on Measuring Risk -- Principles of Diversification -- In the News:When a Simpler 401(k) Is Just Dumb -- The Risk Premium on Risky Securities -- Going Out on a Limb: Buy an Index Fund -- Summary -- Key Terms -- Questions -- Chapter 8 -- Money and Capital Markets -- The Government Bond Market -- Types of Securities and Investors -- How the Market Works -- Treasury Bills: Auctions and Yields -- Repurchase Agreements -- Bank-Related Securities: CDs and Eurodollars -- Corporate Securities -- Corporate Bonds -- Going Out on a Limb: Junk Is Good -- Reading the Financial News: Corporate Bond Market Quotations -- Commercial Paper -- Municipal Securities -- In the News: General Obligation Bonds Might Yield More than Revenue -- Bonds -- Mortgage Securities -- In the News: Perusing the Subprime Detritus -- The Stock Market -- Structure of the Stock Market -- Reading the Financial News: Stock Market Quotations -- What Determines Whether Stock Prices Rise or Fall? -- Off the Record: The Dow Jones Versus the S&P 500 -- Money and Stock Prices -- Going Out on a Limb: Bubbles and the Stock Market -- Summary -- Key Terms -- Questions -- Chapter 9 -- Demystifying Derivatives -- An Overview of Financial Futures -- Using Financial Futures Contracts -- In the News: Weatherproof Adopts Apparel Industry's First-Ever Weather -- Hedge -- Reading the Financial News: Financial Futures Quotations -- Pricing Financial Futures Contracts -- An Overview of Options Contracts -- Using and Valuing Options -- Reading the Financial News: Options Quotations -- What Determines Options Premiums? -- Going Out on a Limb: Don't Blame Derivatives -- An Overview of Swaps -- Why Swap? -- Valuing a Swap -- Summary -- Key Terms -- Questions -- Chapter 10 -- Understanding Foreign Exchange -- What Determines Foreign Exchange Rates? -- Reading the Financial News: Foreign Exchange Quotations -- Why Do Exchange Rates Fluctuate? -- In the News: Whistler Adjusts Prices to Lure Washington Skiers Back -- How Global Investors Cause Exchange Rate Volatility -- Fixed Versus Floating Exchange Rates -- How Fixed Rates Are Supposed to Work -- In the News: Let China's Yuan Float -- International Financial Crises -- Summary -- Key Terms -- Questions -- Part Iii Banks And Other Intermediaries -- Chapter 11 -- The Nature of Financial Intermediation -- The Economics of Financial Intermediation -- Going Out on a Limb: Lemons and MP3 Players: Two examples of -- Adverse Selection -- In the News: Housing Tilting Economy Down -- The Evolution of Financial Intermediaries in the United States -- The Shifting Sands of Interest Rates -- The Regulation Q Security Blanket -- The Birth of the Money Market Mutual Fund -- The Saving and Loan Crisis -- The Rise of Commercial Paper -- The Institutionalization of Financial Markets -- The Transformation of Traditional Banking -- Financial Intermediaries: Assets, Liabilities, and Management -- Summary -- Key Terms -- Questions -- Chapter 12 -- Depository Financial Institutions -- The Fundamentals of bank Management -- Use of Bank Funds -- Sources of Bank Funds -- Bank Profitability -- Bank Risk -- Leverage Risk -- Credit Risk -- Interest Rate Risk -- In the News: Local Banks Weigh Hedging Risks -- Trading Risk -- Liquidity Risk -- Major Trends in Bank Management -- The Consolidation Within the Banking Industry -- The McFadden Act -- The Erosion of McFadden -- Measuring Consolidation -- The Economics of Consolidation -- In the News: Bank Mergers Make Raising Funds for Projects Harder -- Nontraditional Banking -- Globalization -- American Banks Abroad -- Foreign Banks in the United States -- The Euromarkets -- The Subprime Mortgage Crisis -- In the News: Rate of Mortgage Delinquencies Rises -- Nonbank Depository Institutions -- The Thrifts -- Summary -- Key Terms -- Questions -- Chapter 13 -- Nondepository Financial Institutions -- Insurance Companies and Pension Funds -- Property and Casualty Insurance Companies -- In the News: The Coming Deluge -- Pension Funds -- Mutual Funds -- In the News: Getting In on the New Gold Rush -- Finance Companies -- Securities Brokers and Dealers and Investment Banks -- Venture Capital Funds, Mezzanine Debt Funds, and Hedge Funds -- Banks Versus Nondepository Institutions -- Summary -- Key Terms -- Questions -- Part Iv Financial System Architecture -- Chapter 14 -- Understanding Financial Contracts -- How Business Obtains Financing -- Financing Small Businesses -- Financing Midsize Businesses -- Financing Large Businesses -- The Economics of Financial Contracting -- In the News: A Journey into the Secret Heart of Capitalism Turns into a -- Roller Coaster Ride -- Asymmetric Information and Financial Contracting -- Contracting and the Firm Continuum -- Consumer Lending, Financial Contracting, and Securitization -- Summary -- Key Terms -- Questions -- Chapter 15 -- The Regulation of Markets and Institutions -- The Regulation of Financial Markets in the United States -- The Regulation of the Primary Market -- The Regulation of the Secondary Markets -- The Regulation of Commercial Banks in the United States -- Off the Record: Insider Trading: Efficiency Versus Equity -- The U.S. Banking Regulatory Structure -- Regulations to Protect Individual Depositors and Financial System Stability -- Deposit Insurance -- Moral Hazard and Deposit Insurance -- Risk-Based Capital Requirements -- Risk-Based Deposit Insurance Premiums -- In the News: FDIC Premiums Seen Having Little Effect on Industry -- Regulation of Nondepository Financial Intermediaries -- Where Securities Market and Banking Regulation Meet: The Glass-Steagall Act, A -- Collapsing Barrier -- The Genesis of Glass-Steagall -- The Erosion of Glass-Steagall -- The Risk of Universal Banking -- Summary -- Key Terms -- Questions -- Chapter 16 -- Financial System Design -- Information and Financial System Design -- Stockholder-Lender Conflict -- Manager-Stockholder Conflict -- Conflict Resolution and Financial System Design -- Small Firms: Stockholder-Lender Conflict -- Large Firms: Stockholder-Lender Conflict -- Lar. |
| Series Title: | The Addison-Wesley series in economics |
| Other Titles: | Principles of money, banking, and financial markets |
| Responsibility: | Lawrence S. Ritter, William L. Silber, Gregory F. Udell. |
| More information: |
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