Hubbard/O'Brien's new text presents Money, Banking, and the Financial System in
the context of contemporary events, policy, and business with an integrated explanation of
today’s financial crisis. Reviewers tell us that Hubbard/O'Brien helps make the link
between theory and real-world easier for students!
Table of Contents
Brief Contents
Part 1: Foundations
hapter 1 Introducing
Money and the Financial System 1
Chapter 2 Money and the
Payments System 25
Part 2: Financial
Markets
Chapter 3 Interest Rates and
Rates of Return 51
Chapter 4 Determining
Interest Rates 87
Chapter 5 The Risk Structure
and Term Structure of Interest Rates 123
Chapter 6 The Stock Market,
Information, and Financial Market Efficiency 156
Chapter 7 Derivatives and
Derivative Markets 189
Part 3: Financial
Institutions
Chapter 8 The Market for
Foreign Exchange 224
Chapter 9 Transactions
Costs, Asymmetric Information, and the Structure of the Financial System 252
Chapter 10 The Economics of
Banking 279
Chapter 11 Investment Banks,
Mutual Funds, Hedge Funds, and the Shadow Banking System 314
Chapter 12 Financial Crises
and Financial Regulation 347
Part 4: Monetary Policy
Chapter 13 The Federal
Reserve and Central Banking 384
Chapter 14 The Federal
Reserve’s Balance Sheet and the Money Supply Process 411
Chapter 15 Monetary Policy 442
Chapter 16 The International
Financial System and Monetary Policy 481
Part 5: The Financial
System and the Macroeconomy
Chapter 17 Monetary Theory
I: The Aggregate Demand and Aggregate Supply Model 514
Chapter 18 Monetary Theory II: The IS—MP Model
546
640 pages, Paperback