- TABLE OF CONTENTS
- PREFACE
- MONEY AND THE FINANCIAL SYSTEM
- Financial Markets
- Central Banks
- Barter and Functions of Money
- Forms of Money
- Bitcoins
- Money Supply Definitions
- Key Terms
- Chapter Questions
- OVERVIEW OF THE U.S. FINANCIAL SYSTEM
- Financial Intermediation
- Financial Instruments
- The United States Banking System
- The Glass Steagall Banking Act
- Financial Innovation
- Websites
- Key Terms
- The Common Financial Instruments
- Chapter Questions
- MULTINATIONAL ENTERPRISES
- Forms of Business Organizations
- Corporations
- Corporate Fraud
- Expanding into Foreign Countries
- The Law of Comparative Advantage
- Key Terms
- Chapter Questions
- INTERNATIONAL BANKS
- Functions of International Banks
- Becoming an International Bank Kenneth R. Szulczyk
- Exchange Rate Risk
- International Financial Securities
- Regulatory Oversight
- Key Terms
- Chapter Questions
- FINANCIAL INSTITUTIONS........................................................................
- Securities Market Institutions
- Investment Institutions
- Contractual Saving
- Depository Institutions
- Government Financial Institutions
- Key Terms
- Chapter Questions
- FINANCIAL STATEMENTS AND THE VALUE OF MONEY
- The Financial Statements
- Single Investment
- Multiple Investments
- Compounding Frequency
- Annuities and Mortgages
- Foreign Investments
- Key Terms
- Chapter Questions
- VALUATION OF STOCKS AND BONDS
- Overview of Bonds
- The Valuation of Bonds
- Yield to Maturity and Rate of Return
- The Valuation of Stocks
- Key Terms
- Chapter Questions
- DETERMINING THE MARKET INTEREST RATES
- The Supply and Demand for Bonds
- Interest Rates and the Business Cycle
- The Fisher Effect
- Bond Prices in an Open Economy
- Key Terms Money, Banking, and International Finance
- Chapter Questions
- RISK AND TERM STRUCTURE OF INTEREST RATES
- Default Risk and Bond Prices...............................................................
- Liquidity and Bond Prices
- Information Costs and Bond Prices
- Taxes and Bond Prices
- Term Structure of Interest Rates
- Key Terms
- Chapter Questions
- THE BANKING BUSINESS
- A Bank’s Balance Sheet
- A Bank Failure.....................................................................................
- The Interest Rate Risk
- Securitization and the 2008 Financial Crisis
- Key Terms
- Chapter Questions
- THE MONEY SUPPLY PROCESS
- The Fed’s Balance Sheet
- Multiple Deposit Expansion and Contraction
- The Money Supply Multipliers
- Key Terms
- Chapter Questions
- THE FED’S BALANCE SHEET..................................................................
- The Fed’s Balance Sheet
- The Check Clearing Process.................................................................
- Changes in the Monetary Base
- Does U.S. Treasury Affect the Monetary Base?
- A Central Bank Intervenes with its Currency Exchange Rate
- Key Terms
- Chapter Questions
- THE CENTRAL BANKS OF EUROPE AND THE UNITED STATES
- Why the U.S. Government Created Federal Reserve System
- The Federal Reserve System’s Structure
- The European Central Bank Kenneth R. Szulczyk
- Is the Federal Reserve Independent of the U.S. Government?
- Key Terms
- Chapter Questions
- MONETARY POLICY TOOLS
- Open-Market Operations
- Federal Open Market Committee
- Discount Policy....................................................................................
- Reserve Requirements..........................................................................
- Monetary Policy Goals.........................................................................
- Time Lags and Targets
- Key Terms
- Chapter Questions
- THE INTERNATIONAL FINANCIAL SYSTEM
- Balance of Payments
- The Exchange Rate Regimes
- Financing Balance-of-Payments Deficits and Surpluses
- Hegemony
- Key Terms
- Chapter Questions
- THE FOREIGN-CURRENCY EXCHANGE RATE MARKETS
- Foreign Exchange Rates
- Demand and Supply for Foreign Currencies
- Factors that Shift Demand and Supply Functions
- Fixed Exchange Rates
- Key Terms
- Chapter Questions
- INTERNATIONAL PARITY CONDITIONS
- A Random Walk
- Purchasing Power Parity (PPP) Theory
- Quantity Theory of Money
- International Fisher Effect
- Interest Rate Parity Theorem
- Key Terms
- Chapter Questions
- DERIVATIVE SECURITIES AND DERIVATIVE MARKETS Money, Banking, and International Finance
- Forward and Spot Transactions
- Futures and Forward Contracts
- Options Contract
- Special Derivatives
- Evaluating Currency Swaps
- Key Terms
- Chapter Questions
- TRANSACTION AND ECONOMIC EXPOSURES
- Exposure Types
- Measuring and Protecting against Transaction Exposure
- Measuring and Protecting against Economic Exposure
- Key Terms
- Chapter Questions
- POLITICAL, COUNTRY, AND GLOBAL SPECIFIC RISKS
- Political, Country, and Global Specific Risks
- Measuring Country Risk
- International Credit Rating Agencies....................................................
- Key Terms
- Chapter Questions
- ANSWERS TO CHAPTER QUESTIONS
- Answers to Chapter 1 Questions
- Answers to Chapter 2 Questions
- Answers to Chapter 3 Questions
- Answers to Chapter 4 Questions
- Answers to Chapter 5 Questions
- Answers to Chapter 6 Questions
- Answers to Chapter 7 Questions
- Answers to Chapter 8 Questions
- Answers to Chapter 9 Questions
- Answers to Chapter 10 Questions.........................................................
- Answers to Chapter 11 Questions.........................................................
- Answers to Chapter 12 Questions.........................................................
- Answers to Chapter 13 Questions.........................................................
- Answers to Chapter 14 Questions.........................................................
- Answers to Chapter 15 Questions.........................................................
- Answers to Chapter 16 Questions......................................................... Kenneth R. Szulczyk
- Answers to Chapter 17 Questions.........................................................
- Answers to Chapter 18 Questions.........................................................
- Answers to Chapter 19 Questions.........................................................
- Answers to Chapter 20 Questions.........................................................
- REFERENCES
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