000			01792nam a22002777a 4500
008			200122s2018 iaua gr 001 0 eng d
020			_a9781524967888
020			_a1524967882
020			_a9781524967881
040			_aCBNCAT
050			_aHG4523
082			_a332 _bMAR
245			_aFinancial markets, banking, and monetary policy /
260			_aDubuque, IA : _bKendall Hunt Publishing _c2018
300			_a461 pages : illustrations,
504			_aIncludes bibliographical references and indexes.
520			_aThe Great Recession of 2007-2009 had a dramatic effect on the financial markets, the banking system, and the conduct of monetary policy. Financial Markets, Banking, and Monetary Policy takes the reader through the complexities of the credit crisis that led up to the Great Recession and its aftermath. A detailed description of the money markets, the corporate and Treasury bond markets, and the stock market, and how the financial assets in those markets are priced and traded is then provided. This text describes how the structure of the banking system had been undergoing significant changes since the early 1980s and how these changes are ongoing today. An account is given of how the Federal Reserve's unprecedented interventions in the financial markets served to quell the credit crisis and stabilize an otherwise fragile financial system, and how it must not impose an "exit strategy" to deal with the residual effects of its crisis management: a bloated balance sheet and interest rates near zero, that will take it to a "new normal."
590			_aoif 22/01/2020
591			_aLoans
650			_aMonetary policy
650			_aBanks and banking
650			_aCapital market
650			_aFinance
942			_2ddc _cBOOK
949			_a332 MAR
999			_c16782 _d16782