Money and Banking

Money and Banking

Made Simple

1st Edition - January 1, 1982

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  • Author: Ken Hoyle
  • eBook ISBN: 9781483105840

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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


    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


Product details

  • No. of pages: 272
  • Language: English
  • Copyright: © Made Simple 1982
  • Published: January 1, 1982
  • Imprint: Made Simple
  • eBook ISBN: 9781483105840

About the Author

Ken Hoyle

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