Mishkin 米什金 货币银行学 课件.ppt

江西财经大学国际学院 Instructor: Wang Hainan (PhD) Self-confidence is the first recipe to success. Standing on shoulders of the giants. Truth is always relative, and it is the only way to prove the truth by presentation of evidence or experience tests. Suggested Readings 1.Principles of Money, Banking and Financial Markets-10th ed (Lawrence S. Ritter, William L. Silber, Gregory F.Udell, Jointly Published by Pearson Education North Asia Limited and China Higher Education Press, 2002) 2.Money, Banking and Financial Markets (Lloyd B. Thomas, Published by McGraw-Hill Companies, Inc. 1997) 3.International Financial Markets –3th ed. (Orlin Grabbe, Published by Prentice Hall, Inc. 1996) 4.Money and Capital Markets-Financial Institutions and Instruments in a Global Marketplace 6th ed. ( Peter S. Rose , Jointly Published by China Machine Press/McGraw-Hill Companies, Inc. 1998) 5.Money and Banking - 5th ed (Raymond P. Kent, Published by Holt,Rinehart and Winston, Inc. 1966 ) Chapter 1 Why Study Money, Banking, and Financial Markets? Why Study Money,Banking and Financial Markets Why Study Financial Markets? 1. Channel funds from savers to investors, thereby promoting economic efficiency 2. Affect personal wealth and behavior of business firms Why Study Banking and Financial Institutions? 1. Financial Intermediation Helps get funds from savers to investors 2. Banks and Money Supply Crucial role in creation of money 3. Financial Innovation Why Study Money and Monetary Policy? 1. Influence on business cycles, inflation, and interest rates Bond Market Stock Market Foreign Exchange Market Money and Business Cycles Money and the Price Level Money Growth and Inflation Money Growth and Interest Rates Fiscal Policy and Monetary Policy How We Study Money and Banking Basic Analytic Framework 1. Simplified approach to the demand for assets 2. Concept of equilibrium 3. Basic supply and demand approach to understand behavior in financial market