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Money, banking anf financial markets
The world of money, banking, and financial markets is constantly evolving. Every year, people explore new ways to pay for purchases, save for the future, and borrow to meet current needs.
New technology is an ongoing source of change. Internet banking makes it easier than ever for individuals to take control of their finances. And smartphones not only allow American college students to pay for their morning coffee but also are giving hundreds of millions of people in poor countries their first access to the financial system.
In some instances, crises provided the impetus for change. For example, new regulations aimed at making the financial system safer have pushed many banks to take fewer risks than they did just a few years ago. Financial markets also have become more resilient and less likely to need public support. And monetary policymakers, especially in places where economic growth has slowed and deflation is a risk, have adopted a slew of policies never seen before. In much of Europe and Japan, interest rates have fallen below zero—breaking through what had long been seen as a permanent barrier—while new policies are in place to boost bank lending and restore inflation and growth to precrisis levels.
The same things that are reshaping the global financial system also are transforming the study of money and banking. Some old questions are surfacing with new intensity: How can individuals use the changing financial system to improve their lives? How can governments ensure that the financial system remains stable? How should we balance the need for financial resilience with the goals of competition, efficiency, and innovation? And how can monetary policymakers keep inflation low, employment high, and both of them stable?
Against this background, students who memorize the operational details of today’s financial system are investing in a short-lived asset. Our purpose in writing this book is to focus on the basic functions served by the financial system while deemphasizing its current structure and rules. Learning the economic rationale behind current financial tools, rules, and structures is much more valuable than concentrating on the tools, rules, and structures themselves. It is an approach designed to give students the lifelong ability to understand and evaluate whatever financial innovations and developments they may one day confront.
https://bookshelf.vitalsource.com/reader/books/9781260590388
Ketersediaan
| Call Number | Location | Available |
|---|---|---|
| 332. 1 CEC m | PSB lt.1 - B. Wajib | 1 |
| Penerbit | New York Mc Graw Hill., 2021 |
|---|---|
| Edisi | 6 |
| Subjek | Bank and banking Finance |
| ISBN/ISSN | 9781260571363 |
| Klasifikasi | 332. 1 |
| Deskripsi Fisik | xxxi, 647 p. : ill. ; 28 cm. |
| Info Detail Spesifik | - |
| Other Version/Related | Tidak tersedia versi lain |
| Lampiran Berkas |
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