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[null,"1.","Record Nr.",null,"UNINA9910151593603321"]
[null,null,"Autore",null,"Hubbard R. Glenn"]
[null,null,"Titolo",null,"Money, banking, and the financial system / / R. Glenn Hubbard, Anthony Patrick O'Brien"]
[null,null,"Pubbl/distr/stampa",null,"Boston : , : Pearson, , [2014]"]
[{"$nulls":4},"Â©2014"]
[null,null,"ISBN",null,"1-292-00019-8"]
[null,null,"Edizione",null,"[Second, International edition.]"]
[null,null,"Descrizione fisica",null,"1 online resource (663 pages) : illustrations"]
[null,null,"Collana",null,"Always learning"]
[null,null,"Disciplina",null,"332.4"]
[null,null,"Soggetti",null,"Money"]
[null,null,"Lingua di pubblicazione",null,"Inglese"]
[null,null,"Formato",null,"Materiale a stampa"]
[null,null,null,"Livello bibliografico","Monografia"]
[null,null,null,"Note generali","Includes index."]
[null,null,"Nota di contenuto",null,"Cover -- Title -- Contents -- Chapter 1 Introducing Money and the Financial System -- Is Prosperity Just Around the Corner? -- 1.1 Key Components of the Financial System -- Financial Assets -- Financial Institutions -- Making the Connection: Microlending Aids U.S. Small Businesses -- Making the Connection: What Do People Do with Their Savings? -- The Federal Reserve and Other Financial Regulators -- What Does the Financial System Do? -- Solved Problem 1.1: The Services Securitized Loans Provide -- 1.2 The Financial Crisis of 2007-2009 -- Origins of the Financial Crisis.. -- The Deepening Crisis and the Response of the Fed and Treasury -- 1.3 Key Issues and Questions About Money, Banking, and the Financial System -- *Key Terms and Problems -- Key Terms, Review Questions -- Problems and Applications, Data Exercises -- Chapter 2 Money and the Payments System -- Who Hates the Federal Reserve? -- Key Issue and Question -- 2.1 Do We Need Money? -- Barter -- The Invention of Money -- Making the Connection: What's Money? Ask a Taxi Driver! -- 2.2 The Key Functions of Money -- Medium of Exchange -- Unit of Account -- Store of Value -- Standard of Deferred Payment -- Distinguishing Among Money, Income, and Wealth -- What Can Serve as Money? -- The Mystery of Fiat Money -- Making the Connection: Apple Didn't Want My Cash! -- 2.3 The Payments System -- The Transition from Commodity Money to Fiat Money -- The Importance of Checks -- Electronic Funds and Electronic Cash -- 2.4 Measuring the Money Supply -- Measuring Monetary Aggregates -- Making the Connection: Show Me the Money! -- Does It Matter Which Definition of the Money Supply We Use? -- 2.5 The Quantity Theory of Money: A First Look at "]
[{"$nulls":4},"the Link Between Money and Prices -- Irving Fisher and the Equation of Exchange -- The Quantity Theory Explanation of Inflation."]
[{"$nulls":4},"Solved Problem 2.5: The Relationship Between Money and Income -- How Accurate Are Forecasts of Inflation Based on the Quantity Theory? -- The Hazards of Hyperinflation -- What Causes Hyperinflation? -- Making the Connection: Deutsche Bank During the German Hyperinflation -- Should Central Banks Be Independent? -- Answering the Key Question -- Key Terms, Review Questions -- Problems and Applications, Data Exercises -- Chapter 3 Interest Rates and Rates of Return -- Will Investors Lose Their Shirts in the Market for Treasury Bonds? -- Key Issue and Question -- 3.1 The Interest Rate, Present Value, and Future Value -- Why Do Lenders Charge Interest on Loans? -- Most Financial Transactions Involve Payments in the Future -- Compounding and Discounting -- Solved Problem 3.1A: Using Compound Interest to Select a Bank CD -- Solved Problem 3.1B: How Do You Value a College Education? -- Discounting and the Prices of Financial Assets -- 3.2 Debt Instruments and Their Prices -- Loans, Bonds, and the Timing of Payments -- Making the Connection: Interest Rates and Student Loans -- 3.3 Bond Prices and Yield to Maturity -- Bond Prices -- Yield to Maturity -- Yields to Maturity on Other Debt Instruments -- Solved Problem 3.3: Finding the Yield to Maturity for Different Types of Debt Instruments -- 3.4 The Inverse Relationship Between Bond Prices and Bond Yields -- What Happens to Bond Prices When Interest Rates Change? -- Making the Connection: Banks Take a Bath on Mortgage-Backed Bonds -- Bond Prices and Yields to Maturity Move in Opposite Directions -- Secondary Markets, Arbitrage, and the Law of One Price -- Making the Connection: How to Follow the Bond Market: Reading the Bond Tables -- 3.5 Interest Rates and Rates of Return -- A General Equation for the Rate of Return on a Bond -- Interest-Rate Risk and Maturity."]
[{"$nulls":4},"How Much Interest-Rate Risk Do Investors in Treasury Bonds Face? -- 3.6 Nominal Interest Rates Versus Real Interest Rates -- Answering the Key Question -- *Key Terms and Problems -- Key Terms, Review Questions -- Problems and Applications, Data Exercises -- Chapter 4 Determining Interest Rates -- Are There Any Safe Investments? -- Key Issue and Question -- 4.1 How to Build an Investment Portfolio -- The Determinants of Portfolio Choice -- Making the Connection: Fear the Black Swan! -- Diversification -- Making the Connection: How Much Risk Should You Tolerate in Your Portfolio? -- 4.2 Market Interest Rates and the Demand and Supply for Bonds -- A Demand and Supply Graph of the Bond Market -- Explaining Changes in Equilibrium Interest Rates -- Factors That Shift the Demand Curve for Bonds -- Factors That Shift the Supply Curve for Bonds -- Making the Connection: Why Are Bond Interest Rates So Low? -- 4.3 The Bond Market Model and Changes in Interest Rates -- Why Do Interest Rates Fall During Recessions? -- How Do Changes in Expected Inflation Affect Interest Rates? The Fisher Effect -- Solved Problem 4.3: Should You Worry About Falling Bond Prices When the Inflation Rate Is Low? -- 4.4 The Loanable Funds Model and the International Capital Market -- The Demand and Supply for Loanable Funds -- Equilibrium in the Bond Market from the Loanable Funds Perspective -- The International Capital Market and the Interest Rate -- Small Open Economy -- Large Open Economy -- Making the Connection: Did a Global \"Saving Glut\" Cause the U.S. Housing Boom? -- Answering the Key Question -- *Key Terms and Problems -- Key Terms, Review Questions -- Problems and Applications, Data Exercises -- Chapter 5 The Risk Structure and Term Structure of Interest Rates -- Searching for Yield -- Key Issue and Question -- 5.1 The Risk Structure of Interest Rates -- Default Risk."]
[{"$nulls":4},"Making the Connection: Do Credit Rating Agencies Have a Conflict of Interest? -- Liquidity and Information Costs -- Tax Treatment -- Solved Problem 5.1: How Would a VAT Affect Interest Rates? -- Making the Connection: Should You Invest in Junk Bonds? -- 5.2 The Term Structure of Interest Rates -- Making the Connection: Negative Interest Rates on Treasury Bills? -- Explaining the Term Structure -- The Expectations Theory of the Term Structure -- Solved Problem 5.2A: Can You Make Easy Money from the Term Structure? -- The Segmented Markets Theory of the Term Structure -- The Liquidity Premium Theory -- Solved Problem 5.2B: Using the Liquidity Premium Theory to Calculate Expected Interest Rates -- Can the Term Structure Predict Recessions? -- Answering the Key Question -- Key Terms, Review Questions -- Problems and Applications, Data Exercises -- Chapter 6 The Stock Market, Information, and Financial Market Efficiency -- Are You Willing to Invest in the Stock Market? -- Key Issue and Question -- 6.1 Stocks and the Stock Market -- Common Stock Versus Preferred Stock -- How and Where Stocks Are Bought and Sold -- Measuring the Performance of the Stock Market -- Does the Performance of the Stock Market Matter to the Economy? -- Making the Connection: Should You Invest in the U.S. Stock Market? -- 6.2 How Stock Prices Are Determined -- Investing in Stock for One Year -- The Rate of Return on a One-Year Investment in a Stock -- Making the Connection: How Should the Government Tax Your Investment in Stocks? -- The Fundamental Value of Stock -- The Gordon Growth Model -- Solved Problem 6.2: Using the Gordon Growth Model to Evaluate GE Stock -- 6.3 Rational Expectations and Efficient Markets -- Adaptive Expectations Versus Rational Expectations -- The Efficient Markets Hypothesis -- Are Stock Prices Predictable? -- Efficient Markets and Investment Strategies."]
[{"$nulls":4},"Making the Connection: What if You Invest in the Stock Market by Picking Stocks Randomly? -- Solved Problem 6.3: Should You Pay Attention to the Advice of Investment Analysts? -- 6.4 Actual Efficiency in Financial Markets -- Pricing Anomalies -- Mean Reversion -- Excess Volatility -- Making the Connection: Does the Financial Crisis of 2007-2009 Disprove the Efficient Markets Theory? -- 6.5 Behavioral Finance -- Noise Trading and Bubbles -- How Great a Challenge Is Behavioral Finance to the Efficient Markets Hypothesis? -- Answering the Key Question -- *Key Terms and Problems -- Key Terms, Review Questions -- Problems and Applications, Data Exercises -- Chapter 7 Derivatives and Derivative Markets -- Using Financial Derivatives to Reduce Risk -- Key Issue and Question -- 7.1 Derivatives, Hedging, and Speculating -- 7.2 Forward Contracts -- 7.3 Futures Contracts -- Hedging with Commodity Futures -- Making the Connection: Should Farmers Be Afraid of the Dodd-Frank Act? -- Speculating with Commodity Futures -- Hedging and Speculating with Financial Futures -- Making the Connection: How to Follow the Futures Market: Reading the Financial Futures Listings -- Solved Problem 7.3: How Can You Hedge an Investment in Treasury Notes When Interest Rates Are Low? -- Trading in the Futures Market -- 7.4 Options -- Why Would You Buy or Sell an Option? -- Option Pricing and the Rise of the \"Quants\" -- Making the Connection: How to Follow the Options Market: Reading the Options Listings -- Solved Problem 7.4: Interpreting the Options Listings for Amazon.com -- Using Options to Manage Risk -- Making the Connection: How Much Volatility Should You Expect in the Stock Market? -- 7.5 Swaps -- Interest-Rate Swaps -- Currency Swaps and Credit Swaps -- Credit Default Swaps -- Making the Connection: Are Derivatives \"Financial Weapons of Mass Destruction\"?."]
[{"$nulls":4},"Answering the Key Question."]
[null,null,null,"Sommario/riassunto","Make the link between theory and real-world easier for students with the most up-to-date Money and Banking text on the market today!       Hubbard/O'Brien's textbook presents Money, Banking, and the Financial System in the context of contemporary events, policy, and business with an integrated explanation of today's financial crisis.  Reviewers tell us that Hubbard/O'Brien helps make the link between theory and real-world easier for students!    The second edition retains the modern approach of the first edition, while incorporating several changes to address feedback from instructors and students and also to reflect the authors' own classroom experiences.    Available with MyEconLab!  MyEconLab is a powerful assessment and tutorial system that works hand-in-hand with Money and Banking. MyEconLab includes comprehensive homework, quiz, test, and tutorial options, where instructors can manage all assessment needs in one program."]