Money and Banking - 1st Edition - ISBN: 9780434985050, 9781483105840

Money and Banking

1st Edition

Made Simple

Authors: Ken Hoyle
eBook ISBN: 9781483105840
Imprint: Made Simple
Published Date: 1st January 1982
Page Count: 272
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Description

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




Details

No. of pages:
272
Language:
English
Copyright:
© Made Simple 1982
Published:
Imprint:
Made Simple
eBook ISBN:
9781483105840

About the Author

Ken Hoyle