Thomas F. Cargill

Financial System, Financial Regulation and Central Bank Policy (eBook, ePUB)

• Format: ePub

Produktbeschreibung

Traditional money and banking textbooks are long, expensive, and full of so much institutional and technical modeling detail that students cannot understand the big picture. Thomas F. Cargill presents a new alternative: a short, inexpensive book without the 'bells and whistles' that teaches students the fundamentals in a clear, narrative form. In an engaging writing style, Cargill explains the three core components of money and banking, and their interactions: 1) the financial system, 2) government regulation and supervision, and 3) central bank policy. Cargill focuses on the interaction between government financial policy and central bank policy and offers a critique of the central bank's role in the economy, the tools it uses, how these tools affect the economy, and how effective these policies have been, providing a more balanced perspective of government policy failure versus market failure than traditional textbooks.

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Produktdetails

• Verlag: Cambridge University Press
• Erscheinungstermin: 6. Oktober 2017
• Englisch
• ISBN-13: 9781108206129
• Artikelnr.: 50920873

Autorenporträt

Professor Thomas F. Cargill has taught and conducted research on financial and monetary economics at the University of California, Davis; University of Hawaii at both Honolulu and Ho Chi Minh City, Vietnam; California State University, Sacramento; Purdue University, Indiana; and since 1973, the University of Nevada, Reno. He has written extensively as a single and joint author on US financial and central banking issues and has also conducted similar research on China, Korea, Japan, and Vietnam. His work has been published in the Journal of Economic History, Credit and Banking, the Journal of Finance, the Journal of Political Economy, Review of Economics and Statistics, and International Finance.

Inhaltsangabe

Part I. Introduction to the Financial and Monetary Regime: 1. The financial
and monetary regime; 2. Basic concepts regarding money; Part II. The
Financial System Component of the Financial and Monetary Regime: 3. The
financial system and the country's flow of funds; 4. Interest rates in the
financial system; 5. The level of interest rates; 6. The structure of
interest rates; 7. International dimensions of the financial system; Part
III. The Role of Government in the Financial and Monetary Regime: 8. The
basic roles of government in the financial and monetary regime; 9.
Regulation and supervision of the financial system; 10. A short history of
the US financial and monetary regime in action; Part IV. Five Steps to
Understanding Central Banks and Central Bank Policy: 11. The five steps and
step 1 - the institutional design of the central bank; 12. Central banks,
base money and the money supply; 13. Step 2 - tools of monetary policy and
step 3 - monetary policy instruments; 14. Step 4 - the central bank model
of the economy; 15. Step 5 - final policy targets; 16. Monetary policy
tactics, strategy and rules versus discretion; Part V. Performance of the
US financial and monetary regime: 17. Four important periods in the US
financial and monetary regime.