Money and Banking
Made Simple
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Money and Banking: Made Simple provides a sound coverage of monetary theory, policies, and institutions within a mixed economy. The book describes the whole range of banking and the financial institutions, including the central banks of major nations, the commercial banks, and the specialist banks (i.e. discount houses and other financial institutions), with special reference to the United Kingdom. The book discusses money markets and rates of interest; the theory of money; fiscal and monetary policy; and international monetary relations. The monetary environment is also considered. Students taking management, accounting, insurance, and actuarial work studies and undergraduates reading Applied Economics, Business Finance, Money and Banking, and Government publications will find the book invaluable.
Table of Contents
Foreword
Acknowledgments
Part 1: Monetary Institutions and Systems
1. Money, Banks and the Economy
1.1 The Historical Development of Money
1.2 Money and the Development of Banking
1.3 The Characteristics of Money
1.4 The Functions of Money
1.5 Recent Developments in the Concept of Money
1.6 Nineteenth-Century Developments in Banking
1.7 The Importance of Financial Institutions Today
1.8 Revision Test
2. Central Banks
2.1 The Nature of Central Banks
2.2 The Bank of England—Its Origin and Organization
2.3 The Functions of the Bank of England
2.4 The Central Bank System of the USA—The Federal Reserve System
2.5 European Central Banks
2.6 Revision Test
3. The Commercial Banks
3.1 The Nature of the Commercial Banks
3.2 The London Clearing Banks
3.3 The Organization of Domestic Banking
3.4 Commercial Banking as Portfolio Management
3.5 Revision Test
4. Discount Houses and Other Financial Institutions
4.1 The Sophisticated Economy
4.2 The Discount Houses
4.3 The Services of the Discount Houses
4.4 Monetary Policy and the Discount Houses
4.5 The Merchant Banks
4.6 The Merchant Banks Today
4.7 The Savings Banks
4.8 The National Girobank
4.9 The Co-operative Bank
4.10 The Building Societies
4.11 The Finance Houses
4.12 Other Non-Bank Financial Intermediaries
4.13 Revision Test
5. Money Markets and Rates of Interest
5.1 Introduction
5.2 Money Markets
5.3 Financial Markets
5.4 Why Rates of Interest Vary
5.5 Revision Test
Part 2: The Theory of Money
6. The Creation of Money
6.1 Introduction
6.2 Banks and the Creation of Credit
6.3 Factors Limiting the Creation of Bank Deposits
6.4 The Balance Sheet of a Commercial Bank
6.5 Revision Test
7. The Rate of Interest
7.1 Introduction
7.2 'Real' Theories of the Rate of Interest
7.3 Monetary Theories of the Rate of Interest
7.4 The Two Approaches Compared
7.5 Revision Test
8. The Significance of Money in the Economy
8.1 Introduction
8.2 The Classical Quantity Theory
8.3 The Keynesian System
8.4 Modern Monetarism
8.5 Conclusion
8.6 Revision Test
8.7 Appendix to Chapter 8
Part 3: Fiscal and Monetary Policy
9. Fiscal Policy and the National Debt
9.1 Introduction
9.2 Fiscal Policy
9.3 Central Government Borrowing
9.4 Trading Incomes
9.5 Government Expenditure
9.6 The Budget
9.7 The National Debt
9.8 The Effects of Debt Management
9.9 Revision Test
10. A Consideration of Monetary Policy
10.1 The Development of Monetary Policy
10.2 The Relationship between Objectives and Policies
10.3 The Terminology of Policy-Making
10.4 Conclusion about Monetary Policy
10.5 Revision Test
11. Monetary Policy Techniques
11.1 Introduction
11.2 Specific Techniques
11.3 General Techniques
11.4 Conclusions
11.5 Revision Test
12. The Operation of Monetary Policy in the UK Since 1945
12.1 Introduction
12.2 The Radcliffe Report, 1959
12.3 Competition and Credit Control, 1971
12.4 Developments since 1971
12.5 The Revival of Monetarism
12.6 Revision Test
Part 4: International Monetary Relations
13. The Balance of Payments
13.1 The Nature of International Monetary Relations
13.2 The Balance of Payments of a Nation State
13.3 The Foreign Exchange Market
13.4 Adjusting a Disequilibrium
13.5 The International Reserve Standard
13.6 The Balance of Payments and the Domestic Economy
13.7 Revision Test
14. European and International Monetary Institutions
14.1 The International Monetary System
14.2 The International Monetary Fund
14.3 The 'World Bank'
14.4 The General Agreement on Tariffs and Trade
14.5 The European Monetary System
14.6 Currency Parities
14.7 Economic Convergence
14.8 Stage II of the European Monetary System
14.9 Intervention Arrangements in the European Monetary System
14.10 The European Investment Bank
14.11 Revision Test
15. Exchange Rate Systems
15.1 Introduction
15.2 The Theory of Rates of Exchange
15.3 Floating Exchange Rates
15.4 A Role for Gold
15.5 Revision Test
16. Capital Movements and International Aid
16.1 Introduction
16.2 Long-term Capital Movements
16.3 Short-term Capital Movements
16.4 Government Influences over Capital Movements
16.5 Capital Movements for Overseas Aid
16.6 Multilateral Aid and its Institutions
16.7 The Very Poor
16.8 Conclusion
16.9 Revision Test
17. International Banking
17.1 The Pattern of International Banking in the 1980s
17.2 Forces for Change in Banking Today
17.3 Universal Banking
17.4 Dealings on the Eurocurrency Markets
17.5 A Review of World Banking at the Start of the 1980s
17.6 Revision Test
Part 5: The Monetary Environment
18. Banking in its Economic Environment
18.1 The Concept of the Claimant
18.2 Assessing the Impact of Claimants
18.3 Revision Test
Appendix 1: Revision Questions
Index
Product details
- No. of pages: 272
- Language: English
- Copyright: © Made Simple 1982
- Published: January 1, 1982
- Imprint: Made Simple
- eBook ISBN: 9781483105840