The American Monetary System An Insider's View of Financial Institutions, Markets and Monetary Policy

Today’s financial system is considerably more complex than in years past, as new financial instruments have been introduced that are not well understood even by the people and institutions that invest in them. Numerous high-risk opportunities are available, and the number of people who unwittingly w...

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Bibliographic Details
Main Author: Wallace, William H.
Format: eBook
Language:English
Published: Cham Springer International Publishing 2013, 2013
Edition:1st ed. 2013
Subjects:
Online Access:
Collection: Springer eBooks 2005- - Collection details see MPG.ReNa
Table of Contents:
  • Introduction
  • Part I
  • Historical Perspectives on Money, Financial Institutions and Markets
  • What Gives Money Its Value?
  • From Gold to Paper
  • What is Driving the Financial World Today?
  • Part II Banking: Asset & Liability Management; Banking Supervision & Regulation
  • How Are Banks Funded?
  • How Do Banks Use Their Funds?
  • Who Owns the Banks? Bank Capital and the Basel Accord
  • How Safe Are Our Banks?
  • Part III Financial Markets and the Management of Financial Risk
  • What Makes the System Work?
  • Who Finances American Industry? – The Relative Roles of Commercial and Investment Banking
  • What Went Wrong and What Are We Doing to Fix It? –A Chronology of Financial Crises
  • Why Have Financial Risks Skyrocketed, and How Is the Industry Dealing With It?
  • Part IV Central Banking and Monetary Policy
  • What Are the Purposes and Functions of the Federal Reserve System? 248
  • How is American Monetary Policy Made, and How Does It Affect the Domestic and Global Economies?
  • About the Author
  • Bibliography.