Attempts to assess whether the United States is in economic decline. Appropriate to general readers as well as economics students and scholars, this book examines the fears of Americans about their economic future.
Part 1 Introduction; Chapter 1 Introduction and Overview; Chapter 2 Money and Its Role in the Economy; Chapter 3 The Overseer: The Federal Reserve System; Chapter 4 Financial Markets, Instruments, and Market Makers; Part 2 Financial Prices; Chapter 5 Interest Rates and Bond Prices; Chapter 6 The Structure of Interest Rates; Chapter 7 Market Efficiency and the Flow of Funds Among Sectors; Part 3 Financial Institutions; Chapter 8 An Introduction to Financial Intermediaries and Risk; Chapter 9 Commercial Banking Structure, Regulation, and Performance; Chapter 10 Financial Innovation; Chapter 11 Financial Instability and Strains on the Financial System; Chapter 12 Regulation of the Banking System and the Financial Services Industry; Part 4 Financial Markets; Chapter 13 The Debt Markets; Chapter 14 The Stock Market; Chapter 15 Securities Firms, Mutual Funds, and Financial Conglomerates; Chapter 16 How Exchange Rates Are Determined; Chapter 17 Forward, Futures, and Options Agreements; Chapter 18 The International Financial System; Part 5 Monetary Theory; Chapter 19 The Fed, Depository Institutions, and the Money Supply Process; Chapter 20 The Demand for Real Money Balances and Market Equilibrium; Chapter 21 Financial Aspects of the Household, Business, Government, and Rest-of-the-World Sectors; Chapter 22 Aggregate Demand and Aggregate Supply; Part 6 Monetary Policy; Chapter 23 The Challenges of Monetary Policy; Chapter 24 The Process of Monetary Policy Formulation; Chapter 25 Policy Implementation; Chapter 26 Monetary Policy in a Globalized Financial System;
