Financial Markets, Banking, and Monetary Policy (Wiley Finance) - 7093

An essential resource for understanding complex modern financial markets, monetary policy, and banking systems The international economic environment has evolved to the point that what constitutes money is not always clear-cut, and monetary aggregates are undependable as guides to overall policy. Central banks have had to turn to very different tactics in order to achieve their stated policy goals. In this in-depth resource, Thomas D. Simpson―a former official with the Federal Reserve System―introduces a new approach to both monetary policy and the overall financial system. Financial Markets, Banking, and Monetary Policy highlights the role of each major financial market and institution and shows how they've become a part of the overall financial system. The book also describes the important features of central banks―along with their responsibility for achieving specific macroeconomic objectives―and reveals how they pursue goals for inflation, employment, and the economy. While highlig