"Hubbard/O'Brien's textbook presents 'Money, Banking, and the Financial System' in the context of contemporary events, policy, and business with an integrated explanation of todays financial crisis. Reviewers tell us that Hubbard/O'Brien helps make the link between theory and real-world easier for students!
The second edition retains the modern approach of the first edition, while incorporating several changes to address feedback from instructors and students and also to reflect the authors own classroom experiences." - from publisher.
PART 1. FOUNDATIONS --- Chapter 1. Introducing money and the financial system --- Chapter 2. Money and the payments system --- Chapter 3. Interest rates and rates of return --- Chapter 4. Determining interest rates --- PART 2. FINANCIAL MARKETS --- Chapter 5. The risk structure and term structure of interest rates --- Chapter 6. The stock market, information, and financial market efficiency --- Chapter 7. Derivatives and derivative markets --- Chapter 8. The market for foreign exchange --- PART 3. FINANCIAL INSTITUTIONS --- Chapter 9. Transactions costs, asymmetric information, and the structure of the financial system --- Chapter 10. The economics of banking --- Chapter 11. Investment banks, mutual funds, hedge funds, and the shadow banking system --- Chapter 12. Financial crises and financial regulation --- PART 4. MONETARY POLICY --- Chapter 13. The Federal Reserve and Central Banking --- Chapter 14. The Federal Reserves balance sheet and the money supply process --- Chapter 15. Monetary policy --- Chapter 16. The international financial system and monetary policy --- PART 5. THE FINANCIAL SYSTEM AND THE MACROECONOMY --- Chapter 17. Monetary theory I: the aggregate demand and aggregate supply model --- Chapter 18. Monetary theory II: The ISMP Model --- Glossary --- Index..
