Money
About this book
Money makes the world go around. From the earliest bartering systems to today's sophisticated electronic transfers of billions of dollars in a split second, systems of exchange have conferred value upon goods and services and created the economic glue that binds individuals, businesses, communities, and nations together. In this volume, the authors present a colorful history of money in its economic, political, socio-cultural, and even pscyhological context. The first section focuses on banks and financial institutions. The second part covers the role of currency in national sovereignty; the impact of technology; debt, credit, and equity; and money markets. The final chapters explore emerging issues, such as risk management, and emerging forms of money and investment in the electronic age. Featuring a glossary and timeline, charts and graphs, index and references, Money is an engaging introduction to this vital component of the economy.
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Information
Table of contents
- Contents
- Illustrations
- Series Foreword by Wesley B. Truitt
- Preface
- Chronology
- 1. The History and Evolution of Money: A Look Back
- 2. Monetary Policy and Central Banks
- 3. Banks, Banking, and Financial Institutions
- 4. Currency and National Sovereignty
- 5. Financial Exchanges, Globalization, and Technology
- 6. Capital Markets and Bonds
- 7. Short-Term Markets: The Money Market and the Foreign Exchange Market
- 8. Financial Derivatives: A Revolution in Finance
- 9. Risk Management, Regulation, and Politics
- 10. Beyond Money
- Glossary
- Bibliography
- Index
- TABLE 2.1 The Federal Reserve Districts
- TABLE 3.1 Largest 25 Banks in the United States (in Millions of U.S. Dollars)
- TABLE 4.1 Nations That Have Adopted the Euro (Conversion Rates from Previous Currency)
- TABLE 6.1 Municipal Bonds: Tax-Exempt Equivalent Yields
- TABLE 6.2 Credit Ratings (Comparison of Three Agencies)
- TABLE 7.1 Currencies of Thirty-six Nations
- TABLE 8.1 Derivative Contracts and Derivative Securities
- FIGURE 2.1 Federal Reserve System Organizational Chart
- FIGURE 2.2 The Federal Reserve Districts
- FIGURE 2.3 The Automated Clearinghouse (ACH) Operational Structure