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Lecture The economics of Money, Banking and Financial markets: Chapter 16 - Frederic S. Mishkin, Apostolos Serletis
Lecture The economics of Money, Banking and Financial markets: Chapter 16 Determinants of the money supply. After studying this chapter you should be able to summarize the Bank of Canada s balance sheet and the monetary base; discern who controls the monetary base and what causes it to change; explain how the banking system creates deposits.
4/8/2023 11:21:16 AM +00:00
Lecture The economics of Money, Banking and Financial markets: Chapter 15 - Frederic S. Mishkin, Apostolos Serletis
Lecture The economics of Money, Banking and Financial markets: Chapter 15 Multiple deposit creation and the money supply process. This chapter provides an overview of how the banking system creates deposits. In addition, it outlines the basic building blocks needed in later chapters for you to understand in greater depth how the money supply is determined.
4/8/2023 11:21:09 AM +00:00
Lecture The economics of Money, Banking and Financial markets: Chapter 14 - Frederic S. Mishkin, Apostolos Serletis
Lecture The economics of Money, Banking and Financial markets: Chapter 14 Structure of Central banks and the bank of Canada. In this chapter, we look at the goals and institutional structure of major central banks, and focus particularly on the Bank of Canada, Canada s central bank, often just called the Bank. We start by examining what central banks are trying to do, and then focus on the elements of the Bank of Canada s institutional structure that determine where the true power within the Bank of Canada lies.
4/8/2023 11:21:02 AM +00:00
Lecture The economics of Money, Banking and Financial markets: Chapter 13 - Frederic S. Mishkin, Apostolos Serletis
Lecture The economics of Money, Banking and Financial markets: Chapter 13 Financial derivatives. In this chapter we look at the most important financial derivatives that managers of financial institutions use to reduce risk: forward contracts, financial futures, options, and swaps. We examine not only how markets for each of these financial derivatives work but also how each can be used by financial institution managers to reduce risk.
4/8/2023 11:20:53 AM +00:00
Lecture The economics of Money, Banking and Financial markets: Chapter 12 - Frederic S. Mishkin, Apostolos Serletis
Lecture The economics of Money, Banking and Financial markets: Chapter 12 Nonbank Financial Institutions. Chapter 12 examines how institutions engaged in nonbank finance (insurance companies, pension funds, finance companies, mutual funds, hedge funds, and private equity and venture capital funds) operate and how they are regulated. It also examines recent trends in nonbank finance and how nonbank financial institutions were affected by the subprime meltdown.
4/8/2023 11:20:43 AM +00:00
Lecture The economics of Money, Banking and Financial markets: Chapter 11 - Frederic S. Mishkin, Apostolos Serletis
Lecture The economics of Money, Banking and Financial markets: Chapter 11 Economic analysis of banking regulation. In this chapter, we examine how banking is conducted to earn the highest profits possible, how and why banks make loans, how they acquire funds and manage their assets and liabilities (debts), and how they earn income. We also examine how banks cope with credit risk, the risk arising because borrowers may default on their obligations, and with interest-rate risk, the risk arising from fluctuations in interest rates.
4/8/2023 11:20:37 AM +00:00
Lecture The economics of Money, Banking and Financial markets: Chapter 10 - Frederic S. Mishkin, Apostolos Serletis
Lecture The economics of Money, Banking and Financial markets: Chapter 10 Banking industry: structure and competition. In this chapter we try to answer these questions by examining the historical trends in the banking industry and its overall structure. We start by examining the historical development of the banking system and how financial innovation has increased the competitive environment for the banking industry and is causing fundamental changes in it.
4/8/2023 11:20:30 AM +00:00
Lecture The economics of Money, Banking and Financial markets: Chapter 9 - Frederic S. Mishkin, Apostolos Serletis
Lecture The economics of Money, Banking and Financial markets: Chapter 9 Financial Crises and the Subprime Meltdown. After studying this chapter you should be able to discuss the factors that lead to financial crises; explain how increases in adverse selection and moral hazard cause financial crises; discuss the most recent financial crisis, the subprime financial crisis of 2007 2008, which led to a number of banking crises around the world and a decline in global economic activity.
4/8/2023 11:20:24 AM +00:00
Lecture The economics of Money, Banking and Financial markets: Chapter 8 - Frederic S. Mishkin, Apostolos Serletis
Lecture The economics of Money, Banking and Financial markets: Chapter 8 - An economic analysis of financial structure. This chapter answers that question by providing an economic analysis of how our financial structure is designed to promote economic efficiency. The analysis focuses on a few simple but powerful economic concepts that enable us to explain features of our financial system such as why financial contracts are written as they are and why financial intermediaries are more important than securities markets for getting funds to borrowers
4/8/2023 11:20:16 AM +00:00
Lecture The economics of Money, Banking and Financial markets: Chapter 7 - Frederic S. Mishkin, Apostolos Serletis
Lecture The economics of Money, Banking and Financial markets: Chapter 7 - The stock market, the theory of rational expectations, and the efficient markets hypothesis. In this chapter, we look first at how this important market works. We begin by discussing the fundamental theories that underlie the valuation of stocks. These theories are critical to understanding the forces that cause the value of stocks to rise and fall minute by minute and day by day.
4/8/2023 11:20:10 AM +00:00
Lecture The economics of Money, Banking and Financial markets: Chapter 6 - Frederic S. Mishkin, Apostolos Serletis
Lecture The economics of Money, Banking and Financial markets: Chapter 6 - The risk and term structure of interest rates. In this chapter we examine the sources and causes of fluctuations in interest rates relative to one another and look at a number of theories that explain these fluctuations.
4/8/2023 11:20:03 AM +00:00
Lecture The economics of Money, Banking and Financial markets: Chapter 5 - Frederic S. Mishkin, Apostolos Serletis
Lecture The economics of Money, Banking and Financial markets: Chapter 5 The Behaviour of Interest Rates. In this chapter we will act as if there is only one type of security and one interest rate in the entire economy. In the following chapter, we expand our analysis to look at why interest rates on different types of securities differ.
4/8/2023 11:19:56 AM +00:00
Lecture The economics of Money, Banking and Financial markets: Chapter 4 - Frederic S. Mishkin, Apostolos Serletis
Lecture The economics of Money, Banking and Financial markets: Chapter 4 Understanding Interest Rates. After studying this chapter you should be able to: detail the present value concept and the meaning of the term interest rate; discern among the ways of measuring the interest rate: the yield to maturity, the current yield, and the yield on a discount basis; illustrate how bond prices and interest rates are negatively related: when interest rates rise, bond prices fall, and vice versa;…
4/8/2023 11:19:50 AM +00:00
Lecture The economics of Money, Banking and Financial markets: Chapter 3 - Frederic S. Mishkin, Apostolos Serletis
Lecture The economics of Money, Banking and Financial markets - Chapter 3: What Is Money? In this chapter we develop precise definitions by exploring the functions of money, looking at why and how it promotes economic efficiency, tracing how its forms have evolved over time, and examining how money is currently measured.
4/8/2023 11:19:43 AM +00:00
Lecture The economics of Money, Banking and Financial markets: Chapter 2 - Frederic S. Mishkin, Apostolos Serletis
Lecture The economics of Money, Banking and Financial markets: Chapter 2 - An overview of the financial system. In this chapter we learn about the major financial intermediaries and the instruments that are traded in financial markets as well as how these markets are regulated. This chapter presents an overview of the fascinating study of financial markets and institutions.
4/8/2023 11:19:37 AM +00:00
Lecture The economics of Money, Banking and Financial markets: Chapter 1 - Frederic S. Mishkin, Apostolos Serletis
Lecture The economics of Money, Banking and Financial markets - Chapter 1: Why Study Money, Banking, and Financial Markets? In this chapter, the following content will be discussed: Why study financial markets? Why study banking and financial institutions? Why study money and monetary policy?
4/8/2023 11:19:27 AM +00:00
Lecture Money, Banking & Finance (2) - Lecture 6: Equity Markets and Equity Trading K Matthews
Lecture Money, Banking & Finance (2) - Lecture 6: Equity Markets and Equity Trading K Matthews. Learning objectives of this chapter include: Review stock pricing methodology, why share prices behave as they do, what is technical analysis, equity trading mechanism.
4/8/2023 11:19:21 AM +00:00
Lecture Money, Banking & Finance (2) - Lecture 5: The Capital Asset Pricing Model (CAPM)
Lecture Money, Banking & Finance (2) - Lecture 5: The Capital Asset Pricing Model (CAPM). Learning objectives of this chapter include: Analyse the determinants of the equilibrium expected return on an individual security; to show how the risk premium on an asset is determined; explain the capital asset pricing model; show that the riskiness of an individual asset is given by its ‘beta’.
4/8/2023 11:19:15 AM +00:00
Lecture Money, Banking & Finance (2) - Lecture 4: The Theory and Practice of Equity Trading
Lecture Money, Banking & Finance (2) - Lecture 4: The Theory and Practice of Equity Trading. Learning objectives of this chapter include: Examine the process by which investment decisions are translated into the action of buying or selling shares; understand how a trading environment operates and how the players interact; appreciate how the actions of traders influence the market; examine the Trader-Ex software for training of stock-market traders.
4/8/2023 11:19:08 AM +00:00
Lecture Money, Banking & Finance (2) - Lecture 3: Risk, Return and Portfolio Theory
Lecture Money, Banking & Finance (2) - Lecture 3: Risk, Return and Portfolio Theory. Learning objectives of this chapter include: Explain the principles of portfolio diversification; demonstrate the construction of the efficient frontier; show the trade-off between risk and return; Derive the Capital Market Line (CML); show the calculation of the optimal portfolio choice based on the mean and variance of portfolio returns.
4/8/2023 11:19:02 AM +00:00
Lecture Money, Banking & Finance (2) - Lecture 2: The stock market, rational expectations and efficient markets
Lecture Money, Banking & Finance (2) - Lecture 2: The stock market, rational expectations and efficient markets. Learning objectives of this chapter include: Explain the theory of valuing stocks; explore how expectations influence affect the value of stocks; understand the theory of rational expectations; understand the concept of the efficient markets hypothesis.
4/8/2023 11:18:55 AM +00:00
Lecture Money, Banking & Finance (2) - Lecture 1: The Nature of Financial Intermediation
Lecture Money, Banking & Finance (2) - Lecture 1: The Nature of Financial Intermediation. Learning objectives of this chapter include: Explain the theory and purpose of financial intermediation; describe the structure of financial markets; show that financial intermediation is welfare superior to direct transformation of current consumption to future consumption; describe the process of financial intermediation and the markets that enable its efficient functioning.
4/8/2023 11:18:49 AM +00:00
Lecture Money, Banking & Finance - Lecture 10: The credit channel
Lecture Money, banking & finance - Lecture 10: The credit channel. This lecture re-examines the transmission mechanism in the context of the credit channel. It examines the micro-foundations of credit rationing and the channels that describe the credit mechanism.
4/8/2023 11:18:43 AM +00:00
Lecture Money, Banking & Finance - Lecture 9: Central bank independence and conservative central banking
Lecture Money, banking & finance - Lecture 9: Central bank independence and conservative central banking. This lecture extends the analysis of reputation and credibility to the theory of central bank independence.
4/8/2023 11:18:37 AM +00:00
Lecture Money, Banking & Finance - Lecture 8: Central Banks - The issue of credibility and reputation
Lecture Money, Banking & Finance - Lecture 8: Central Banks - The issue of credibility and reputation. This lecture addresses two issues: Credibility, The distinction between rules and discretion, credible commitments rules can be learned by private agents, discretion cannot.
4/8/2023 11:18:26 AM +00:00
Lecture Money, Banking & Finance - Lecture 7: Intermediate Targets, Money Supply or Interest rates?
Lecture Money, Banking & Finance - Lecture 7: Intermediate Targets, Money Supply or Interest rates? Learning objectives of this chapter include: Examine the problems related to the pegging of the rate of interest; examine Friedman’s argument in the context of adaptive expectations; confirm the Sargent- Wallace finding for the instability of an interest rate peg with rational expectations; show that an interest rate target is feasible under RE.
4/8/2023 11:18:19 AM +00:00
Lecture Money, Banking & Finance - Lecture 6: Money supply control and financial innovation
Lecture Money, Banking & Finance - Lecture 6: Money supply control and financial innovation. Learning objectives of this chapter include: Examine the simple money multiplier approach to money supply determination; examine the meaning of financial innovation; examine implications for the monetary system and the transmission mechanism; implications for monetary control; examine the counterparts approach to money supply determination.
4/8/2023 11:18:10 AM +00:00
Lecture Money, Banking & Finance - Lecture 4: The Micro-foundations of the Demand for Money
Lecture Money, Banking & Finance - Lecture 4: The Micro-foundations of the Demand for Money. The following will be discussed in this chapter: Keynes’ Demand for Money, sound micro-foundations on the demand for money based on risk and return, extension of risk-return analysis to a multi-asset framework.
4/8/2023 11:18:04 AM +00:00
Lecture Money, Banking & Finance - Lecture 3: The Microfoundations of Money - Part 2
Lecture Money, Banking & Finance - Lecture 3: The Microfoundations of Money - Part 2. The following will be discussed in this chapter: Dissatisfaction with ad hoc formulation and MIUF approach, OLG - a theory of monetary exchange under Laissez Faire, Critical evaluation of OLG - purely a store of value, Intergenerational contracts, Legal restrictions, Another look at MIUF and CIA.
4/8/2023 11:17:58 AM +00:00
Lecture Money, Banking & Finance - Lecture 2: The Microfoundations of Money - Part 1
Lecture Money, Banking & Finance - Lecture 2: The Microfoundations of Money - Part 1. The following will be discussed in this chapter: The foundations of Classical Monetary theory and the Classical dichotomy, The invalidity of the Classical dichotomy, neo-Classical monetary theory - the Real Balance Effect, Evaluation of RBE, The CIA model, macro implications.
4/8/2023 11:17:51 AM +00:00