Money and Banking

A survey of the role played by money and banking in the global economy. The book is an introduction for new bankers or students, and a refresher for more experienced bankers preparing for coursework. Coverage ranges from interest rates to bank regulation, monetary policy and exchange markets.

A survey of the role played by money and banking in the global economy. The book is an introduction for new bankers or students of banking, and a refresher for more experienced bankers preparing for coursework. Coverage ranges from interest rates to bank regulation, monetary policy and exchange markets. The text is supplemented with historical background, providing the necessary context to aid understanding and reinforce learning. For bankers the book should serve as a source of information relevant to their professional interests, comprehensively covering the changing profile of the banks' competitors, legislative and regulatory developments, and sources of bank profitability during the 1990s.

Money and economic activity
financial intermediaries
commercial banks and money creation
the Federal Reserve
the tools of monetary and fiscal policy
bank operations and the payments mechanism
the bank as a business firm
bank regulation
trends and issues in banking
commercial banks and monetary policy
monetary theory
policy goals and the banking system
the balance of payments and foreign exchange
the role of banks in international trade and investment.