Skip to main content
FlatWorld HomeFlatWorld Home
  • My Bookshelf

Table of Contents

    • About the Author
    • Acknowledgments
    • Preface
    • 1Introduction to Money, Banking, and Financial Markets
      • 1.1What Are Financial Markets?
      • 1.2Depository Institutions: Commercial Banks and Thrift Institutions
      • 1.3Financial Institution Regulators
      • 1.4Monetary Policy: Why Is Money Important?
      • 1.5Careers in Banking
      • 1.6Chapter Summary and Study Questions
    • 2The Financial System

      Preview Mode

      Login or Purchase this book to read the remaining sections.

      LoginBuy Now

      • 2.1Financial Market Functions

        Preview Mode

        Login or Purchase this book to read the remaining sections.

        LoginBuy Now

      • 2.2Financial Market Components

        Preview Mode

        Login or Purchase this book to read the remaining sections.

        LoginBuy Now

      • 2.3Instruments of the Money Market

        Preview Mode

        Login or Purchase this book to read the remaining sections.

        LoginBuy Now

      • 2.4Instruments of the Capital Market

        Preview Mode

        Login or Purchase this book to read the remaining sections.

        LoginBuy Now

      • 2.5Financial Intermediary Services

        Preview Mode

        Login or Purchase this book to read the remaining sections.

        LoginBuy Now

      • 2.6Financial Intermediary Categories

        Preview Mode

        Login or Purchase this book to read the remaining sections.

        LoginBuy Now

      • 2.7Investing in the Stock Market

        Preview Mode

        Login or Purchase this book to read the remaining sections.

        LoginBuy Now

      • 2.8Chapter Summary and Study Questions

        Preview Mode

        Login or Purchase this book to read the remaining sections.

        LoginBuy Now

    • 3Understanding Money

      Preview Mode

      Login or Purchase this book to read the remaining sections.

      LoginBuy Now

      • 3.1The Meaning of Money

        Preview Mode

        Login or Purchase this book to read the remaining sections.

        LoginBuy Now

      • 3.2The U.S. Money Supply

        Preview Mode

        Login or Purchase this book to read the remaining sections.

        LoginBuy Now

      • 3.3Measuring the Money Supply

        Preview Mode

        Login or Purchase this book to read the remaining sections.

        LoginBuy Now

      • 3.4Fiat Money: What Backs the Money Supply?

        Preview Mode

        Login or Purchase this book to read the remaining sections.

        LoginBuy Now

      • 3.5Bitcoin and Other Cryptocurrencies

        Preview Mode

        Login or Purchase this book to read the remaining sections.

        LoginBuy Now

      • 3.6Chapter Summary and Study Questions

        Preview Mode

        Login or Purchase this book to read the remaining sections.

        LoginBuy Now

    • 4Understanding Interest Rates

      Preview Mode

      Login or Purchase this book to read the remaining sections.

      LoginBuy Now

      • 4.1What Is Interest?

        Preview Mode

        Login or Purchase this book to read the remaining sections.

        LoginBuy Now

      • 4.2Time Value of Money

        Preview Mode

        Login or Purchase this book to read the remaining sections.

        LoginBuy Now

      • 4.3Debt Instruments and Interest Rates

        Preview Mode

        Login or Purchase this book to read the remaining sections.

        LoginBuy Now

      • 4.4Market Interest Rates, Bond Prices, and Bond Yields

        Preview Mode

        Login or Purchase this book to read the remaining sections.

        LoginBuy Now

      • 4.5Interest Rate Applications

        Preview Mode

        Login or Purchase this book to read the remaining sections.

        LoginBuy Now

      • 4.6Fighting Inflation Risk with TIPS and I-Bonds

        Preview Mode

        Login or Purchase this book to read the remaining sections.

        LoginBuy Now

      • 4.7Chapter Summary and Study Questions

        Preview Mode

        Login or Purchase this book to read the remaining sections.

        LoginBuy Now

    • 5Interest Rate Determination

      Preview Mode

      Login or Purchase this book to read the remaining sections.

      LoginBuy Now

      • 5.1Constructing an Investment Portfolio

        Preview Mode

        Login or Purchase this book to read the remaining sections.

        LoginBuy Now

      • 5.2The Bond Market Model and Interest-Rate Determination

        Preview Mode

        Login or Purchase this book to read the remaining sections.

        LoginBuy Now

      • 5.3Bond Market Model Applications

        Preview Mode

        Login or Purchase this book to read the remaining sections.

        LoginBuy Now

      • 5.4The Loanable Funds Model and Interest-Rate Determination

        Preview Mode

        Login or Purchase this book to read the remaining sections.

        LoginBuy Now

      • 5.5Loanable Funds Market Applications

        Preview Mode

        Login or Purchase this book to read the remaining sections.

        LoginBuy Now

      • 5.6Chapter Summary and Study Questions

        Preview Mode

        Login or Purchase this book to read the remaining sections.

        LoginBuy Now

    • 6Risk Structure and Term Structure of Interest Rates

      Preview Mode

      Login or Purchase this book to read the remaining sections.

      LoginBuy Now

      • 6.1Risk Structure of Interest Rates

        Preview Mode

        Login or Purchase this book to read the remaining sections.

        LoginBuy Now

      • 6.2Term Structure of Interest Rates

        Preview Mode

        Login or Purchase this book to read the remaining sections.

        LoginBuy Now

      • 6.3Chapter Summary and Study Questions

        Preview Mode

        Login or Purchase this book to read the remaining sections.

        LoginBuy Now

      • 6.4Appendix 6.1: What Explains the Slope of a Yield Curve?

        Preview Mode

        Login or Purchase this book to read the remaining sections.

        LoginBuy Now

    • 7Credit Cards and Debit Cards: Interest Rates in Action

      Preview Mode

      Login or Purchase this book to read the remaining sections.

      LoginBuy Now

      • 7.1What Is a Credit Card?

        Preview Mode

        Login or Purchase this book to read the remaining sections.

        LoginBuy Now

      • 7.2Why Are Credit Card Rates So High?

        Preview Mode

        Login or Purchase this book to read the remaining sections.

        LoginBuy Now

      • 7.3Debit Cards

        Preview Mode

        Login or Purchase this book to read the remaining sections.

        LoginBuy Now

      • 7.4Do You Want a Crypto Credit Card? How About a Crypto Debit Card?

        Preview Mode

        Login or Purchase this book to read the remaining sections.

        LoginBuy Now

      • 7.5Chapter Summary and Study Questions

        Preview Mode

        Login or Purchase this book to read the remaining sections.

        LoginBuy Now

    • 8Economic Shocks and Economic Stability

      Preview Mode

      Login or Purchase this book to read the remaining sections.

      LoginBuy Now

      • 8.1The Business Cycle

        Preview Mode

        Login or Purchase this book to read the remaining sections.

        LoginBuy Now

      • 8.2Economic Shock: How an Asset Bubble Can Cause a Recession

        Preview Mode

        Login or Purchase this book to read the remaining sections.

        LoginBuy Now

      • 8.3Economic Crisis Examples

        Preview Mode

        Login or Purchase this book to read the remaining sections.

        LoginBuy Now

      • 8.4Chapter Summary and Study Questions

        Preview Mode

        Login or Purchase this book to read the remaining sections.

        LoginBuy Now

      • 8.5Appendix 8.1: The Aggregate Demand–Aggregate Supply Framework

        Preview Mode

        Login or Purchase this book to read the remaining sections.

        LoginBuy Now

    • 9The Business of Commercial Banking

      Preview Mode

      Login or Purchase this book to read the remaining sections.

      LoginBuy Now

      • 9.1What Is a Commercial Bank?

        Preview Mode

        Login or Purchase this book to read the remaining sections.

        LoginBuy Now

      • 9.2Analyzing the Balance Sheet of a Commercial Bank

        Preview Mode

        Login or Purchase this book to read the remaining sections.

        LoginBuy Now

      • 9.3Asset Transformation and Banks

        Preview Mode

        Login or Purchase this book to read the remaining sections.

        LoginBuy Now

      • 9.4Fractional Reserve Banking Principle

        Preview Mode

        Login or Purchase this book to read the remaining sections.

        LoginBuy Now

      • 9.5Check Processing and Collection

        Preview Mode

        Login or Purchase this book to read the remaining sections.

        LoginBuy Now

      • 9.6Managing a Bank’s Operations

        Preview Mode

        Login or Purchase this book to read the remaining sections.

        LoginBuy Now

      • 9.7Chapter Summary and Study Questions

        Preview Mode

        Login or Purchase this book to read the remaining sections.

        LoginBuy Now

    • 10The Commercial Banking Industry

      Preview Mode

      Login or Purchase this book to read the remaining sections.

      LoginBuy Now

      • 10.1A Brief History of Commercial Banking

        Preview Mode

        Login or Purchase this book to read the remaining sections.

        LoginBuy Now

      • 10.2Features of the Commercial Banking System

        Preview Mode

        Login or Purchase this book to read the remaining sections.

        LoginBuy Now

      • 10.3Bank Mergers

        Preview Mode

        Login or Purchase this book to read the remaining sections.

        LoginBuy Now

      • 10.4The Birth and Death of Regulation Q

        Preview Mode

        Login or Purchase this book to read the remaining sections.

        LoginBuy Now

      • 10.5Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010

        Preview Mode

        Login or Purchase this book to read the remaining sections.

        LoginBuy Now

      • 10.6Commercial Banking and Investment Banking

        Preview Mode

        Login or Purchase this book to read the remaining sections.

        LoginBuy Now

      • 10.7Government-Sponsored Enterprises

        Preview Mode

        Login or Purchase this book to read the remaining sections.

        LoginBuy Now

      • 10.8Shadow Banking

        Preview Mode

        Login or Purchase this book to read the remaining sections.

        LoginBuy Now

      • 10.9Foreign Banks in the United States

        Preview Mode

        Login or Purchase this book to read the remaining sections.

        LoginBuy Now

      • 10.10Chapter Summary and Study Questions

        Preview Mode

        Login or Purchase this book to read the remaining sections.

        LoginBuy Now

      • 10.11Appendix 10.1: Profit Maximization and Consumer Surplus

        Preview Mode

        Login or Purchase this book to read the remaining sections.

        LoginBuy Now

    • 11Deposit Insurance

      Preview Mode

      Login or Purchase this book to read the remaining sections.

      LoginBuy Now

      • 11.1Events Leading Up to the FDIC’s Creation

        Preview Mode

        Login or Purchase this book to read the remaining sections.

        LoginBuy Now

      • 11.2Breaking Down the FDIC

        Preview Mode

        Login or Purchase this book to read the remaining sections.

        LoginBuy Now

      • 11.3Bank Examinations: The CAMELS System

        Preview Mode

        Login or Purchase this book to read the remaining sections.

        LoginBuy Now

      • 11.4FDIC Insurance Premiums: Risk-Based Premiums

        Preview Mode

        Login or Purchase this book to read the remaining sections.

        LoginBuy Now

      • 11.5Resolving Bank Failures: Deposit Payoffs versus Purchase-and-Assumption Transactions

        Preview Mode

        Login or Purchase this book to read the remaining sections.

        LoginBuy Now

      • 11.6National Credit Union Administration and Deposit Insurance

        Preview Mode

        Login or Purchase this book to read the remaining sections.

        LoginBuy Now

      • 11.7Chapter Summary and Study Questions

        Preview Mode

        Login or Purchase this book to read the remaining sections.

        LoginBuy Now

    • 12The Federal Reserve System

      Preview Mode

      Login or Purchase this book to read the remaining sections.

      LoginBuy Now

      • 12.1Origins of the Federal Reserve System

        Preview Mode

        Login or Purchase this book to read the remaining sections.

        LoginBuy Now

      • 12.2Designing the Federal Reserve System: Checks and Balances

        Preview Mode

        Login or Purchase this book to read the remaining sections.

        LoginBuy Now

      • 12.3Structure of the Federal Reserve System

        Preview Mode

        Login or Purchase this book to read the remaining sections.

        LoginBuy Now

      • 12.4Meeting Financial Needs of the Public and Governments

        Preview Mode

        Login or Purchase this book to read the remaining sections.

        LoginBuy Now

      • 12.5The Federal Reserve’s Dual Mandate, Independence, and Accountability

        Preview Mode

        Login or Purchase this book to read the remaining sections.

        LoginBuy Now

      • 12.6Chapter Summary and Study Questions

        Preview Mode

        Login or Purchase this book to read the remaining sections.

        LoginBuy Now

    • 13The Monetary Base and Money Creation

      Preview Mode

      Login or Purchase this book to read the remaining sections.

      LoginBuy Now

      • 13.1The Federal Reserve Banks’ Consolidated Balance Sheet

        Preview Mode

        Login or Purchase this book to read the remaining sections.

        LoginBuy Now

      • 13.2The Rise and Fall of Federal Reserve Float

        Preview Mode

        Login or Purchase this book to read the remaining sections.

        LoginBuy Now

      • 13.3The Monetary Base

        Preview Mode

        Login or Purchase this book to read the remaining sections.

        LoginBuy Now

      • 13.4How Banks Create Money: The Money Multiplier

        Preview Mode

        Login or Purchase this book to read the remaining sections.

        LoginBuy Now

      • 13.5Chapter Summary and Study Questions

        Preview Mode

        Login or Purchase this book to read the remaining sections.

        LoginBuy Now

    • 14Monetary Policy

      Preview Mode

      Login or Purchase this book to read the remaining sections.

      LoginBuy Now

      • 14.1The Evolution of U.S. Monetary Policy

        Preview Mode

        Login or Purchase this book to read the remaining sections.

        LoginBuy Now

      • 14.2Monetary Policy Tools

        Preview Mode

        Login or Purchase this book to read the remaining sections.

        LoginBuy Now

      • 14.3The Market for Bank Reserves and the Federal Funds Rate

        Preview Mode

        Login or Purchase this book to read the remaining sections.

        LoginBuy Now

      • 14.4Monetary Policy with Limited Reserves: Open Market Operations and the Federal Funds Rate

        Preview Mode

        Login or Purchase this book to read the remaining sections.

        LoginBuy Now

      • 14.5Monetary Policy with Ample (Superabundant) Reserves: The Interest-on-Reserve-Balance Rate

        Preview Mode

        Login or Purchase this book to read the remaining sections.

        LoginBuy Now

      • 14.6The Federal Reserve’s Stabilization of the Economy: Five Case Studies

        Preview Mode

        Login or Purchase this book to read the remaining sections.

        LoginBuy Now

      • 14.7The Margin Requirement and Stock Market Speculation

        Preview Mode

        Login or Purchase this book to read the remaining sections.

        LoginBuy Now

      • 14.8Strengths and Weaknesses of Monetary Policy

        Preview Mode

        Login or Purchase this book to read the remaining sections.

        LoginBuy Now

      • 14.9Conduct of Monetary Policy: Discretion or Rules

        Preview Mode

        Login or Purchase this book to read the remaining sections.

        LoginBuy Now

      • 14.10Chapter Summary and Study Questions

        Preview Mode

        Login or Purchase this book to read the remaining sections.

        LoginBuy Now

    • 15Foreign Exchange Market and International Banking

      Preview Mode

      Login or Purchase this book to read the remaining sections.

      LoginBuy Now

      • 15.1The Foreign Exchange Market

        Preview Mode

        Login or Purchase this book to read the remaining sections.

        LoginBuy Now

      • 15.2Understanding Currency Quotations

        Preview Mode

        Login or Purchase this book to read the remaining sections.

        LoginBuy Now

      • 15.3Hedging and the Foreign Exchange Market

        Preview Mode

        Login or Purchase this book to read the remaining sections.

        LoginBuy Now

      • 15.4Speculation and the Foreign Exchange Market

        Preview Mode

        Login or Purchase this book to read the remaining sections.

        LoginBuy Now

      • 15.5Exchange Rate Determination

        Preview Mode

        Login or Purchase this book to read the remaining sections.

        LoginBuy Now

      • 15.6Forecasting Exchange Rates

        Preview Mode

        Login or Purchase this book to read the remaining sections.

        LoginBuy Now

      • 15.7International Banking

        Preview Mode

        Login or Purchase this book to read the remaining sections.

        LoginBuy Now

      • 15.8Chapter Summary and Study Questions

        Preview Mode

        Login or Purchase this book to read the remaining sections.

        LoginBuy Now

    • 16Exchange Rate Systems

      Preview Mode

      Login or Purchase this book to read the remaining sections.

      LoginBuy Now

      • 16.1Choosing an Exchange Rate System

        Preview Mode

        Login or Purchase this book to read the remaining sections.

        LoginBuy Now

      • 16.2Floating Exchange Rates

        Preview Mode

        Login or Purchase this book to read the remaining sections.

        LoginBuy Now

      • 16.3Managed Floating Exchange Rates

        Preview Mode

        Login or Purchase this book to read the remaining sections.

        LoginBuy Now

      • 16.4Fixed Exchange Rates

        Preview Mode

        Login or Purchase this book to read the remaining sections.

        LoginBuy Now

      • 16.5Exchange Rate Systems: Three Case Studies

        Preview Mode

        Login or Purchase this book to read the remaining sections.

        LoginBuy Now

      • 16.6Currency Crisis

        Preview Mode

        Login or Purchase this book to read the remaining sections.

        LoginBuy Now

      • 16.7Monetary Policy in an Open Economy

        Preview Mode

        Login or Purchase this book to read the remaining sections.

        LoginBuy Now

      • 16.8Chapter Summary and Study Questions

        Preview Mode

        Login or Purchase this book to read the remaining sections.

        LoginBuy Now