LEADER 04936nam 22006735 450 001 9910438091403321 005 20200919031758.0 010 $a3-319-02907-X 024 7 $a10.1007/978-3-319-02907-8 035 $a(CKB)3710000000083693 035 $a(EBL)1636489 035 $a(OCoLC)871777140 035 $a(SSID)ssj0001152489 035 $a(PQKBManifestationID)11627340 035 $a(PQKBTitleCode)TC0001152489 035 $a(PQKBWorkID)11148956 035 $a(PQKB)10769635 035 $a(DE-He213)978-3-319-02907-8 035 $a(MiAaPQ)EBC1636489 035 $a(PPN)17610707X 035 $a(EXLCZ)993710000000083693 100 $a20140104d2013 u| 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 14$aThe American Monetary System $eAn Insider's View of Financial Institutions, Markets and Monetary Policy /$fby William H. Wallace 205 $a1st ed. 2013. 210 1$aCham :$cSpringer International Publishing :$cImprint: Springer,$d2013. 215 $a1 online resource (239 p.) 300 $aDescription based upon print version of record. 311 $a3-319-02906-1 320 $aIncludes bibliographical references and index. 327 $aIntroduction -- 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. . 330 $aToday?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 wander into such ventures seems to grow daily. There is also the realization that people?s lives are affected by the financial system without their overt participation in it. Despite no active participation, pensions can be emasculated by a sudden decline in interest rates, or a rise in rates can increase the monthly payments on a mortgage, credit cards or other debt. This book looks at the history of the American banking system, including the passage of the Federal Reserve Act in 1913, the implementation of deposit insurance, along with certain other provisions of the Glass-Steagall Act of 1933, the Bretton-Woods agreements, the forces of technological innovation and the Dodd-Frank Act, passed by Congress in 2010 for regulatory reform. This book will be of interest to undergraduate and graduate level students that want to gain a broad understanding of how the financial system works, why it is important to the economy as a whole, and what its strengths and weaknesses are. Also, readers should gain an understanding of what the Federal Reserve, other regulators and other central banks are doing, and will be in a position to critique their actions and say with some depth of understanding why they agree or disagree with them. 606 $aMacroeconomics 606 $aEconomic policy 606 $aEconomics 606 $aPublic finance 606 $aMacroeconomics/Monetary Economics//Financial Economics$3https://scigraph.springernature.com/ontologies/product-market-codes/W32000 606 $aPolitical Economy/Economic Systems$3https://scigraph.springernature.com/ontologies/product-market-codes/W46000 606 $aPublic Economics$3https://scigraph.springernature.com/ontologies/product-market-codes/W34000 615 0$aMacroeconomics. 615 0$aEconomic policy. 615 0$aEconomics. 615 0$aPublic finance. 615 14$aMacroeconomics/Monetary Economics//Financial Economics. 615 24$aPolitical Economy/Economic Systems. 615 24$aPublic Economics. 676 $a330 676 $a330.12 676 $a330.120973 676 $a336 700 $aWallace$b William H$4aut$4http://id.loc.gov/vocabulary/relators/aut$0248048 906 $aBOOK 912 $a9910438091403321 996 $aThe American Monetary System$92530610 997 $aUNINA