Money, banking, and financial markets

Monetary policy has changed. Has your textbook? Ball's Money, Banking, and Financial Markets closes the gap between economic theory and the day-to-day behavior of banks and financial markets. Working from a macro framework based on the Fed's use of the interest rate as its major policy instrument, Ball presents the core concepts necessary to understand the problems affecting the stock market and the causes of recessions and banking crises.

Money, banking, and financial markets

Laurence M. Ball

Worth Publishers

2009

Abstract

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Monetary policy has changed. Has your textbook? Ball's Money, Banking, and Financial Markets closes the gap between economic theory and the day-to-day behavior of banks and financial markets. Working from a macro framework based on the Fed's use of the interest rate as its major policy instrument, Ball presents the core concepts necessary to understand the problems affecting the stock market and the causes of recessions and banking crises.

Underlying this framework are the intellectual foundations for the Fed's inflation targeting using the dynamic consistency problem facing policymakers. Ball doesn't explain how the Fed and financial markets should work; he explains how they do work on a daily basis.

Citation

Laurence M. Ball. Money, banking, and financial markets. Worth Publishers, 2009

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Lĩnh vực Kinh tế

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